Bank of Stockton reduced its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,579 shares of the company’s stock after selling 2,244 shares during the period. Bank of Stockton’s holdings in NetScout Systems were worth $386,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in NetScout Systems by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 170,583 shares of the company’s stock valued at $5,237,000 after buying an additional 2,800 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of NetScout Systems during the fourth quarter valued at approximately $841,000. Retirement Systems of Alabama boosted its position in shares of NetScout Systems by 29.9% in the fourth quarter. Retirement Systems of Alabama now owns 432,380 shares of the company’s stock valued at $13,274,000 after buying an additional 99,627 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of NetScout Systems by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 40,593 shares of the company’s stock valued at $1,246,000 after buying an additional 435 shares in the last quarter. Finally, North Star Asset Management Inc. boosted its position in shares of NetScout Systems by 13.6% in the fourth quarter. North Star Asset Management Inc. now owns 148,239 shares of the company’s stock valued at $4,551,000 after buying an additional 17,692 shares in the last quarter.

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) opened at 21.55 on Monday. The stock’s market capitalization is $2.13 billion. The company has a 50-day moving average of $28.34 and a 200-day moving average of $34.82. NetScout Systems, Inc. has a 12 month low of $19.57 and a 12 month high of $45.53.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, January 28th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18. The firm had revenue of $333.40 million for the quarter, compared to analyst estimates of $313.06 million. The company’s revenue was up 150.5% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. On average, equities research analysts expect that NetScout Systems, Inc. will post $1.87 EPS for the current fiscal year.

Several equities analysts have commented on the stock. Zacks Investment Research reissued a “buy” rating and issued a $30.00 price target on shares of NetScout Systems in a research report on Sunday. B. Riley reissued a “buy” rating and issued a $33.00 price target on shares of NetScout Systems in a research report on Sunday. Wunderlich decreased their price target on shares of NetScout Systems from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Friday. Stephens decreased their price target on shares of NetScout Systems from $40.00 to $25.00 in a research report on Friday. Finally, Craig Hallum decreased their price target on shares of NetScout Systems from $50.00 to $30.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.88.

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $35.17, for a total transaction of $175,850.00. Following the completion of the transaction, the chief operating officer now owns 46,528 shares of the company’s stock, valued at approximately $1,636,389.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vincent J. Mullarkey sold 1,260 shares of the company’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $32.01, for a total value of $40,332.60. Following the transaction, the director now directly owns 50,759 shares of the company’s stock, valued at approximately $1,624,795.59. The disclosure for this sale can be found here.

NetScout Systems, Inc. is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers. The Company has three primary customer groups; enterprise customers, service provider customers and government customers. The Company’s products include nGeniusONE Service Assurance Solution, nGenius Intelligent Data Sources, nGenius Packet Flow Switches and Taps, NetScout Test Optimization Products and nGenius NetFlow Solutions.

12 Month Chart for NASDAQ:NTCT

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