Netscout Systems Inc (NTCT): Michael Szabados , Chief Operating Officer of Netscout Systems Inc sold 5,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $23.08 per share for a total value of $115,421.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 4, 2016, Michael Szabados (Chief Operating Officer) sold 5,000 shares at $21.04 per share price.On Feb 1, 2016, Vincent J Mullarkey (director) sold 16,000 shares at $22.16 per share price.Also, On Sep 2, 2015, Victor Demarines (director) sold 11,000 shares at $35.57 per share price.
NetScout Systems: On Tuesday, May 10, 2016 heightened volatility was witnessed in NetScout Systems which led to swings in the share price. The shares opened for trading at $23.03 and hit $23.74 on the upside , eventually ending the session at $23.41, with a gain of 1.83% or 0.42 points. The heightened volatility saw the trading volume jump to 14,48,804 shares. The 52-week high of the share price is $42.7399 and the company has a market cap of $2,308 M . The 52-week low of the share price is at $18.77.
Company has been under the radar of several Street Analysts.NetScout Systems is Resumed by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $28. The Rating was issued on Apr 12, 2016.
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.