Clark Estates Inc. NY Decreases Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Clark Estates Inc. NY trimmed its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 27.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,912 shares of the technology company's stock after selling 33,950 shares during the period. Clark Estates Inc. NY owned about 0.12% of NetScout Systems worth $1,868,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NTCT. Hohimer Wealth Management LLC grew its stake in NetScout Systems by 4.8% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company's stock worth $233,000 after acquiring an additional 504 shares in the last quarter. Mariner LLC grew its stake in NetScout Systems by 5.4% in the 4th quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after acquiring an additional 681 shares in the last quarter. Vident Advisory LLC lifted its position in shares of NetScout Systems by 4.4% in the 4th quarter. Vident Advisory LLC now owns 23,030 shares of the technology company's stock worth $499,000 after purchasing an additional 970 shares during the period. Captrust Financial Advisors lifted its position in shares of NetScout Systems by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock worth $524,000 after purchasing an additional 993 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after purchasing an additional 1,263 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $22.77, for a total transaction of $170,775.00. Following the completion of the sale, the chief operating officer owned 28,489 shares of the company's stock, valued at $648,694.53. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the sale, the director directly owned 127,798 shares of the company's stock, valued at $3,047,982.30. The trade was a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,000 shares of company stock valued at $324,660. Company insiders own 3.71% of the company's stock.

NetScout Systems Trading Down 3.0%

Shares of NTCT traded down $0.65 during mid-day trading on Friday, hitting $20.77. The company's stock had a trading volume of 526,635 shares, compared to its average volume of 502,421. The company's 50-day moving average is $23.35 and its 200-day moving average is $22.46. NetScout Systems, Inc. has a 52-week low of $17.96 and a 52-week high of $27.89. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -4.03 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. NetScout Systems had a negative net margin of 44.60% and a positive return on equity of 7.37%. The firm had revenue of $204.99 million during the quarter, compared to analysts' expectations of $194.80 million. During the same quarter in the prior year, the company earned $0.55 EPS. The company's revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict 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.