Assenagon Asset Management S.A. Raises Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Assenagon Asset Management S.A. increased its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 39.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,152,379 shares of the technology company's stock after buying an additional 328,468 shares during the period. Assenagon Asset Management S.A. owned 1.61% of NetScout Systems worth $24,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in NetScout Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock valued at $202,597,000 after purchasing an additional 64,475 shares during the last quarter. Legal & General Group Plc boosted its stake in NetScout Systems by 12.2% during the 4th quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock valued at $89,202,000 after purchasing an additional 448,537 shares during the last quarter. Geode Capital Management LLC boosted its stake in NetScout Systems by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,959,996 shares of the technology company's stock valued at $42,463,000 after purchasing an additional 30,445 shares during the last quarter. First Trust Advisors LP boosted its stake in NetScout Systems by 4.6% during the 4th quarter. First Trust Advisors LP now owns 1,432,901 shares of the technology company's stock valued at $31,037,000 after purchasing an additional 62,603 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in NetScout Systems by 0.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,417,716 shares of the technology company's stock valued at $30,850,000 after purchasing an additional 5,176 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Up 2.3%

NTCT traded up $0.54 during trading on Monday, hitting $23.79. 359,051 shares of the company's stock traded hands, compared to its average volume of 514,996. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -4.06 and a beta of 0.63. NetScout Systems, Inc. has a 12-month low of $17.35 and a 12-month high of $27.89. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The company's 50 day simple moving average is $22.03 and its two-hundred day simple moving average is $22.15.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. NetScout Systems's revenue was up .8% on a year-over-year basis. Analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total value of $83,475.00. Following the completion of the sale, the director now owns 127,798 shares in the company, valued at $3,047,982.30. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John Downing sold 3,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was 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. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,000 shares of company stock valued at $324,660. 3.71% of the stock is owned by company insiders.

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.