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GAMMA Investing LLC Has $382,000 Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

NetScout Systems logo with Computer and Technology background

GAMMA Investing LLC boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 1,658.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,195 shares of the technology company's stock after buying an additional 17,160 shares during the period. GAMMA Investing LLC's holdings in NetScout Systems were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in shares of NetScout Systems by 1,214.4% during the 4th 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 period. Sterling Capital Management LLC boosted its stake in NetScout Systems by 811.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after acquiring 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 valued at approximately $71,000. PNC Financial Services Group Inc. increased its stake in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after purchasing an additional 508 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in NetScout Systems in the fourth quarter worth $221,000. 91.64% of the stock is owned by institutional investors.

NetScout Systems Trading Up 1.2%

Shares of NTCT stock traded up $0.28 on Tuesday, hitting $24.42. The stock had a trading volume of 588,635 shares, compared to its average volume of 474,112. NetScout Systems, Inc. has a twelve month low of $17.73 and a twelve month high of $27.89. The company has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $22.20. The firm has a market cap of $1.74 billion, a P/E ratio of -4.74 and a beta of 0.63.

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 (EPS) for the quarter, hitting the consensus estimate of $0.52. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The company had revenue of $204.99 million during the quarter, compared to the consensus estimate of $194.80 million. During the same period in the prior year, the company earned $0.55 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the completion of the transaction, the executive vice president now directly owns 127,352 shares in the company, valued at approximately $2,988,951.44. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Szabados sold 7,500 shares of the business's 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 now owns 28,489 shares in the company, valued at $648,694.53. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock valued at $324,660. 3.71% of the stock is currently owned by corporate insiders.

NetScout Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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