Mackenzie Financial Corp Increases Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Mackenzie Financial Corp grew its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 89.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 121,495 shares of the technology company's stock after purchasing an additional 57,239 shares during the period. Mackenzie Financial Corp owned approximately 0.17% of NetScout Systems worth $2,632,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its stake in NetScout Systems by 12.2% during the 4th quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock valued at $89,202,000 after purchasing an additional 448,537 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NetScout Systems by 137.7% during the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock valued at $8,410,000 after buying an additional 224,925 shares during the last quarter. Norges Bank bought a new stake in shares of NetScout Systems during the fourth quarter valued at approximately $4,480,000. Prudential Financial Inc. raised its holdings in NetScout Systems by 102.9% in the 4th quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company's stock worth $8,503,000 after acquiring an additional 199,079 shares during the last quarter. Finally, LSV Asset Management lifted its position in NetScout Systems by 205.7% in the 4th quarter. LSV Asset Management now owns 257,700 shares of the technology company's stock valued at $5,582,000 after acquiring an additional 173,400 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $23.47, for a total value of $70,410.00. Following the transaction, the executive vice president now directly owns 127,352 shares in the company, valued at $2,988,951.44. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael Szabados sold 7,500 shares of the business'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 sale, the chief operating officer now 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. Company insiders own 3.71% of the company's stock.

NetScout Systems Stock Up 2.5%

NTCT traded up $0.58 during trading on Tuesday, hitting $23.41. 450,977 shares of the company's stock traded hands, compared to its average volume of 536,331. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -3.99 and a beta of 0.62. The company's 50 day simple moving average is $21.44 and its two-hundred day simple moving average is $22.03. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The company had revenue of $204.99 million for the quarter, compared to analysts' expectations of $194.80 million. During the same period last year, the firm posted $0.55 earnings per share. NetScout Systems's revenue was up .8% compared to the same quarter last year. Analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.