NetScout Systems, Inc. (NASDAQ:NTCT) Stock Holdings Increased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has increased its stake in NetScout Systems by 14.9%, now owning approximately 139,643 shares worth about $2.93 million following the acquisition of 18,148 additional shares.
• NetScout Systems reported earnings per share of $0.52 for the recent quarter, meeting analysts' expectations, with quarterly revenue reaching $204.99 million, exceeding estimates of $194.80 million.
• Insider selling has been noted, with recent transactions including COO Michael Szabados selling 7,500 shares, and Director Joseph G. Hadzima, Jr. selling 3,500 shares, reflecting a total insider sale of 14,000 shares valued at $324,660 in the last ninety days.

Mackenzie Financial Corp boosted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,643 shares of the technology company's stock after buying an additional 18,148 shares during the quarter. Mackenzie Financial Corp owned approximately 0.19% of NetScout Systems worth $2,934,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in shares of NetScout Systems by 1,214.4% during the fourth 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 lifted its stake in shares of NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after buying an additional 1,973 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NetScout Systems during the fourth quarter worth $71,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NetScout Systems during the first quarter worth $216,000. Finally, Lazard Asset Management LLC acquired a new position in NetScout Systems during the fourth quarter valued at $229,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NetScout Systems

In related news, 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 transaction of $170,775.00. Following the transaction, the chief operating officer directly owned 28,489 shares in the company, valued at approximately $648,694.53. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the business'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 transaction, the executive vice president owned 127,352 shares in the company, valued at $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 14,000 shares of company stock valued at $324,660 over the last 90 days. Corporate insiders own 3.82% of the company's stock.

NetScout Systems Stock Performance

NASDAQ NTCT traded up $0.33 on Wednesday, reaching $21.72. 220,679 shares of the company's stock traded hands, compared to its average volume of 501,814. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -4.22 and a beta of 0.65. The stock has a 50 day moving average price of $23.24 and a 200-day moving average price of $22.44. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its 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. 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 the consensus estimate of $194.80 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm's quarterly revenue was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS 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.