NetScout Systems (NTCT) : Traders are bullish on NetScout Systems (NTCT) as it has outperformed the S&P 500 by a wide margin of 14.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.5% in the last 1 week, and is up 15.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.02% and the 50-Day Moving Average is 13.74%. NetScout Systems (NASDAQ:NTCT): stock turned positive on Friday. Though the stock opened at $27.88, the bulls momentum made the stock top out at $28.095 level for the day. The stock recorded a low of $27.4 and closed the trading day at $28.07, in the green by 0.32%. The total traded volume for the day was 598,203. The stock had closed at $27.98 in the previous days trading.
The company Insiders own 3.3% 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 -4.21% . 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 -7.46%. Also, Pacific Crest initiates coverage on NetScout Systems (NASDAQ:NTCT) The current rating of the shares is Overweight. The rating by the firm was issued on July 28, 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 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.