NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY trimmed its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent disclosure 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 approximately 0.12% of NetScout Systems worth $1,868,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew 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 valued at $30,000 after acquiring an additional 1,263 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of NetScout Systems in the fourth quarter worth approximately $71,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NetScout Systems in the first quarter worth approximately $216,000. Finally, Lazard Asset Management LLC bought a new position in shares of NetScout Systems in the fourth quarter worth approximately $229,000. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Stock Down 3.0%

Shares of NetScout Systems stock traded down $0.65 on Friday, hitting $20.77. The stock had a trading volume of 526,635 shares, compared to its average volume of 716,533. NetScout Systems, Inc. has a one year low of $17.96 and a one year high of $27.89. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -4.03 and a beta of 0.66. The stock's 50-day simple moving average is $23.31 and its two-hundred day simple moving average is $22.45.

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

Insider Buying and Selling

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 shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the transaction, the director owned 127,798 shares in the company, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Szabados sold 7,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $22.77, for a total transaction of $170,775.00. Following the sale, the chief operating officer directly owned 28,489 shares of the company's stock, valued at $648,694.53. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $324,660 over the last quarter. 3.71% of the stock is owned by company insiders.

About NetScout Systems

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.