NetScout Systems, Inc. (NTCT) Shares Bought by OxFORD Asset Management LLP

OxFORD Asset Management LLP increased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,609 shares of the technology company’s stock after purchasing an additional 6,500 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.10% of NetScout Systems worth $2,954,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NTCT. Bank of Montreal Can grew its stake in NetScout Systems by 8.9% in the second quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after purchasing an additional 271 shares in the last quarter. Flinton Capital Management LLC grew its stake in NetScout Systems by 74.5% in the second quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock worth $158,000 after purchasing an additional 1,968 shares in the last quarter. Riverhead Capital Management LLC grew its stake in NetScout Systems by 77.9% in the second quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock worth $177,000 after purchasing an additional 2,258 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in NetScout Systems by 515.1% in the second quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock worth $200,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in NetScout Systems in the third quarter worth approximately $206,000.

Shares of NetScout Systems, Inc. (NASDAQ NTCT) opened at $29.85 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2,540.16, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.60. NetScout Systems, Inc. has a 52-week low of $27.65 and a 52-week high of $38.47.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $251.13 million. NetScout Systems had a negative return on equity of 0.44% and a negative net margin of 0.96%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. equities research analysts forecast that NetScout Systems, Inc. will post 1.59 earnings per share for the current fiscal year.

NetScout Systems announced that its board has authorized a share buyback program on Thursday, October 26th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts recently issued reports on NTCT shares. B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of NetScout Systems in a research note on Friday, October 27th. Zacks Investment Research raised NetScout Systems from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, October 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $33.00 price objective on shares of NetScout Systems in a research note on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of NetScout Systems in a research note on Wednesday, October 11th. Finally, Craig Hallum dropped their price objective on NetScout Systems from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.20.

In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the sale, the insider now owns 43,424 shares of the company’s stock, valued at approximately $1,224,122.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Downing sold 3,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total value of $84,510.00. Following the sale, the executive vice president now directly owns 88,821 shares in the company, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by company insiders.

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About NetScout Systems

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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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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