Assenagon Asset Management S.A. Has $24.21 Million Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Assenagon Asset Management S.A. lifted its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 39.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,152,379 shares of the technology company's stock after acquiring an additional 328,468 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.61% of NetScout Systems worth $24,211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTCT. Russell Investments Group Ltd. increased its position in NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after buying an additional 1,263 shares during the last quarter. Sterling Capital Management LLC increased its position in NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after buying an additional 1,973 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in NetScout Systems during the fourth quarter worth approximately $71,000. PNC Financial Services Group Inc. increased its position in NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after buying an additional 508 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in NetScout Systems during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the completion of the sale, the chief operating officer now directly owns 28,489 shares in the company, valued at approximately $648,694.53. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Downing sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $23.47, for a total value of $70,410.00. Following the completion of the sale, the executive vice president now owns 127,352 shares of the company's stock, valued at approximately $2,988,951.44. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock worth $324,660 over the last quarter. Company insiders own 3.71% of the company's stock.

NetScout Systems Stock Performance

NASDAQ NTCT traded down $0.35 during trading on Friday, reaching $23.25. 376,580 shares of the company's stock were exchanged, compared to its average volume of 522,406. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The stock has a market capitalization of $1.66 billion, a P/E ratio of -3.97 and a beta of 0.63. The business has a 50 day moving average price of $21.94 and a 200-day moving average price of $22.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The company had revenue of $204.99 million during the quarter, compared to analysts' expectations of $194.80 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business's revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

NetScout Systems Profile

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.