Nomura Holdings Inc. trimmed its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,253 shares of the technology company’s stock after selling 112,813 shares during the quarter. Nomura Holdings Inc. owned approximately 1.58% of NetScout Systems worth $48,650,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of NetScout Systems by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 200,344 shares of the technology company’s stock valued at $6,892,000 after acquiring an additional 1,360 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of NetScout Systems in the 2nd quarter valued at $584,000. State Street Corp increased its holdings in shares of NetScout Systems by 4.0% in the 2nd quarter. State Street Corp now owns 3,036,287 shares of the technology company’s stock valued at $104,446,000 after acquiring an additional 116,515 shares during the period. Gotham Asset Management LLC acquired a new position in shares of NetScout Systems in the 2nd quarter valued at $4,588,000. Finally, Shelton Capital Management acquired a new position in shares of NetScout Systems in the 2nd quarter valued at $237,000.
NTCT has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and issued a $44.00 target price on shares of NetScout Systems in a report on Friday, July 28th. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.50.
Shares of NetScout Systems, Inc. (NTCT) traded up 0.46% during trading on Tuesday, reaching $32.90. 132,483 shares of the company’s stock traded hands. The company has a 50 day moving average of $32.60 and a 200-day moving average of $34.82. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 167.01 and a beta of 1.60. NetScout Systems, Inc. has a 1-year low of $26.25 and a 1-year high of $38.47.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The firm had revenue of $225.80 million for the quarter, compared to analysts’ expectations of $225.66 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was down 16.1% on a year-over-year basis. Equities analysts predict that NetScout Systems, Inc. will post $2.06 earnings per share for the current year.
NetScout Systems Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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