NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 54.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,592 shares of the technology company's stock after purchasing an additional 175,894 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.70% of NetScout Systems worth $10,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its holdings 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 worth $89,202,000 after purchasing an additional 448,537 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of NetScout Systems by 39.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock worth $24,211,000 after buying an additional 328,468 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of NetScout Systems by 137.7% in the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock worth $8,410,000 after buying an additional 224,925 shares during the last quarter. Norges Bank acquired a new stake in NetScout Systems in the fourth quarter valued at $4,480,000. Finally, Prudential Financial Inc. boosted its stake in NetScout Systems by 102.9% during the 4th quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company's stock valued at $8,503,000 after acquiring an additional 199,079 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Up 0.1%

Shares of NTCT traded up $0.01 during midday trading on Wednesday, hitting $24.83. The company had a trading volume of 152,248 shares, compared to its average volume of 467,123. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -4.82 and a beta of 0.65. The company's 50 day moving average price is $22.96 and its 200 day moving average price is $22.29. NetScout Systems, Inc. has a 52 week low of $17.73 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced 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 positive return on equity of 7.37% and a negative net margin of 44.60%. The firm had revenue of $204.99 million during the quarter, compared to analyst estimates of $194.80 million. During the same period in the previous year, the company earned $0.55 earnings per share. NetScout Systems's quarterly revenue was up .8% on a year-over-year basis. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Michael Szabados sold 7,500 shares of NetScout Systems 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 of the company's stock, valued at approximately $648,694.53. The trade was a 20.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, the executive vice president directly owned 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 disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock worth $324,660 over the last ninety days. 3.71% of the stock is owned by insiders.

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.