SG Americas Securities LLC boosted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 94.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,759 shares of the technology company's stock after buying an additional 15,443 shares during the period. SG Americas Securities LLC's holdings in NetScout Systems were worth $667,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after purchasing an additional 508 shares in the last quarter. Mariner LLC grew its holdings in shares of NetScout Systems by 5.4% during the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after buying an additional 681 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of NetScout Systems by 3.4% in the fourth quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company's stock valued at $519,000 after buying an additional 792 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of NetScout Systems by 4.4% in the fourth quarter. Vident Advisory LLC now owns 23,030 shares of the technology company's stock worth $499,000 after buying an additional 970 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in NetScout Systems by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock worth $524,000 after acquiring an additional 993 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.
Insiders Place Their Bets
In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total value of $83,475.00. Following the transaction, the director now directly owns 127,798 shares in the company, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 7,500 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 28,489 shares of the company's stock, valued at $648,694.53. The trade was a 20.84% 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 in the last three months. 3.71% of the stock is currently owned by insiders.
NetScout Systems Trading Up 1.2%
NTCT stock traded up $0.28 during mid-day trading on Tuesday, reaching $24.42. The company's stock had a trading volume of 588,635 shares, compared to its average volume of 474,112. The company's 50 day moving average is $22.39 and its two-hundred day moving average is $22.20. NetScout Systems, Inc. has a fifty-two week low of $17.73 and a fifty-two week high of $27.89. The stock has a market cap of $1.74 billion, a PE ratio of -4.74 and a beta of 0.63.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly 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 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 period in the prior year, the business earned $0.55 earnings per share. The business's revenue was up .8% compared to the same quarter last year. On average, analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.
NetScout Systems Company Profile
(
Free Report)
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.
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