Semanteon Capital Management LP Invests $502,000 in NetScout Systems, Inc. (NASDAQ:NTCT)

Semanteon Capital Management LP purchased a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,861 shares of the technology company’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTCT. Duality Advisers LP purchased a new position in NetScout Systems during the 4th quarter worth $948,000. Illinois Municipal Retirement Fund purchased a new position in NetScout Systems during the 3rd quarter worth $1,093,000. Rhumbline Advisers increased its holdings in NetScout Systems by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 225,304 shares of the technology company’s stock worth $6,313,000 after purchasing an additional 6,415 shares during the period. Panagora Asset Management Inc. purchased a new position in NetScout Systems during the 3rd quarter worth $2,163,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in NetScout Systems by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,711 shares of the technology company’s stock worth $25,686,000 after purchasing an additional 59,755 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT remained flat at $19.90 on Friday. The stock had a trading volume of 262,853 shares, compared to its average volume of 674,009. NetScout Systems, Inc. has a twelve month low of $18.77 and a twelve month high of $31.66. The business has a 50-day moving average of $21.13 and a 200 day moving average of $21.57. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -11.78 and a beta of 0.64. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.33. NetScout Systems had a positive return on equity of 4.57% and a negative net margin of 14.21%. The business had revenue of $218.07 million for the quarter, compared to the consensus estimate of $200.08 million. As a group, equities research analysts predict that NetScout Systems, Inc. will post 1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded NetScout Systems from a “c” rating to a “d+” rating in a report on Thursday, January 25th.

Insider Activity

In other news, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total value of $110,650.00. Following the transaction, the chief operating officer now directly owns 26,084 shares in the company, valued at approximately $577,238.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $21.93, for a total value of $65,790.00. Following the completion of the sale, the executive vice president now owns 111,115 shares of the company’s stock, valued at approximately $2,436,751.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Szabados sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total value of $110,650.00. Following the completion of the sale, the chief operating officer now directly owns 26,084 shares of the company’s stock, valued at approximately $577,238.92. The disclosure for this sale can be found here. Company insiders own 3.59% of the company’s stock.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.