NetScout Systems, Inc. (NASDAQ:NTCT) Stock Position Raised by GAMMA Investing LLC

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

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted 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 valued at $30,000 after purchasing an additional 1,263 shares during the period. Sterling Capital Management LLC boosted its position in shares of NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock valued at $48,000 after purchasing an additional 1,973 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of NetScout Systems in the 4th quarter valued at $71,000. PNC Financial Services Group Inc. boosted its position in shares of NetScout Systems by 17.0% in the 4th 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 during the period. Finally, Inceptionr LLC acquired a new position in shares of NetScout Systems in the 4th quarter valued at $221,000. Institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT traded down $0.27 during midday trading on Friday, reaching $23.59. The company had a trading volume of 846,913 shares, compared to its average volume of 473,892. NetScout Systems, Inc. has a 1-year low of $17.73 and a 1-year high of $27.89. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -4.58 and a beta of 0.63. The company has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $22.19.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly 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 7.37% and a negative net margin of 44.60%. The business had revenue of $204.99 million during the quarter, compared to analyst estimates of $194.80 million. During the same quarter last year, the company posted $0.55 EPS. NetScout Systems's revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling

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 value of $70,410.00. Following the completion of the sale, the executive vice president now directly owns 127,352 shares of the company's stock, valued at approximately $2,988,951.44. This represents a 2.30% decrease in their position. The sale 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 stock in a transaction dated Tuesday, May 13th. The stock was 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 directly owns 28,489 shares of the company's stock, valued at approximately $648,694.53. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,000 shares of company stock valued at $324,660. Corporate insiders own 3.71% of the company's stock.

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.