NetScout Systems, Inc. (NASDAQ:NTCT) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,289 shares of the technology company's stock after acquiring an additional 15,043 shares during the quarter. Federated Hermes Inc. owned approximately 0.24% of NetScout Systems worth $3,620,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NTCT. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NetScout Systems during the first quarter worth approximately $216,000. SG Americas Securities LLC boosted its stake in NetScout Systems by 94.6% during the 1st quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock worth $667,000 after purchasing an additional 15,443 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of NetScout Systems by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock worth $524,000 after buying an additional 993 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NetScout Systems by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company's stock valued at $852,000 after buying an additional 1,481 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of NetScout Systems by 1,658.0% in the first quarter. GAMMA Investing LLC now owns 18,195 shares of the technology company's stock worth $382,000 after buying an additional 17,160 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NetScout Systems

In other 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 value 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Downing sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, the executive vice president owned 127,352 shares of the company's stock, valued at $2,988,951.44. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock worth $324,660 in the last three months. 3.82% of the stock is owned by corporate insiders.

NetScout Systems Price Performance

NASDAQ NTCT traded up $0.31 during trading hours on Friday, hitting $21.59. 263,123 shares of the company's stock traded hands, compared to its average volume of 505,282. The company has a market capitalization of $1.56 billion, a PE ratio of -4.19 and a beta of 0.65. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The firm's 50-day moving average is $23.17 and its 200-day moving average is $22.43.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. The business had revenue of $204.99 million during the quarter, compared to analyst estimates of $194.80 million. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The business's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Equities research analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

NetScout Systems Company 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.