NetScout Systems (NASDAQ:NTCT) has climbed 1.3% in the past week and advanced 2.2% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.51% and the outperformance has advanced to 1.27% for the last 4 weeks period.
NetScout Systems (NASDAQ:NTCT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.23 and $23.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.18, notching a gain of 4.45% for the day. The total traded volume was 2,647,703 . The stock had closed at $23.15 on the previous day.
The company shares have dropped -37.62% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $41.34 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.49 and the 200 Day Moving Average price is recorded at $24.19.
On the companys insider trading activities, Szabados Michael, officer (Chief Operating Officer) of Netscout Systems Inc, unloaded 5,000 shares at an average price of $23.08 on May 10, 2016. The total amount of the transaction was worth $115,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm RBC Capital assumes its rating on NetScout Systems (NASDAQ:NTCT). The shares have been rated Outperform. The rating by the firm was issued on April 12, 2016. Currently the company Insiders own 2.7% of NetScout Systems shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.98% . Institutional Investors own 98.12% of NetScout Systems shares. During last six month period, the net percent change held by insiders has seen a change of -27.01%.
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 Companys products include nGeniusONE Service Assurance Solution, nGenius Intelligent Data Sources, nGenius Packet Flow Switches and Taps, NetScout Test Optimization Products and nGenius NetFlow Solutions.