NetScout Systems, Inc. (NASDAQ:NTCT) Stock Holdings Increased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in NetScout Systems by 149.7%, acquiring an additional 24,176 shares during the first quarter, bringing its total ownership to 40,328 shares valued at approximately $847,000.
• NetScout Systems reported earnings of $0.52 per share for the last quarter, meeting analysts' expectations, and reported a revenue of $204.99 million, slightly exceeding predictions.
• Insider selling has occurred recently, with Director Joseph G. Hadzima, Jr. and EVP John Downing selling shares, indicating a 2.67% and 2.30% decrease in their respective ownerships.

GSA Capital Partners LLP boosted its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 149.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,328 shares of the technology company's stock after buying an additional 24,176 shares during the period. GSA Capital Partners LLP owned 0.06% of NetScout Systems worth $847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in 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 buying an additional 1,263 shares in the last quarter. Sterling Capital Management LLC grew its position in 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 buying an additional 1,973 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in NetScout Systems in the 4th quarter valued at about $71,000. Wealth Enhancement Advisory Services LLC bought a new position in NetScout Systems in the 1st quarter valued at about $216,000. Finally, Lazard Asset Management LLC bought a new position in NetScout Systems in the 4th quarter valued at about $229,000. Institutional investors own 91.64% of the company's stock.

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 28,489 shares in the company, valued at $648,694.53. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Downing sold 3,000 shares of the firm's 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 owned 127,352 shares of the company's stock, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock worth $324,660 over the last ninety days. 3.82% of the stock is currently owned by company insiders.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT traded up $0.31 during trading hours on Wednesday, hitting $21.70. 239,944 shares of the company's stock traded hands, compared to its average volume of 501,951. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89. The company's fifty day simple moving average is $23.24 and its two-hundred day simple moving average is $22.44. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -4.21 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, meeting 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 company had revenue of $204.99 million during the quarter, compared to analyst estimates of $194.80 million. During the same quarter last year, the firm posted $0.55 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. On average, analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS 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.