Nisa Investment Advisors LLC lessened its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 30.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,115 shares of the technology company's stock after selling 48,480 shares during the period. Nisa Investment Advisors LLC owned about 0.15% of NetScout Systems worth $2,335,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in NetScout Systems by 1,214.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after purchasing an additional 1,263 shares in the last quarter. Sterling Capital Management LLC lifted its position in NetScout Systems by 811.9% during the 4th 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in NetScout Systems during the 4th quarter worth about $71,000. PNC Financial Services Group Inc. grew its holdings in NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after acquiring an additional 508 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in NetScout Systems in the 1st quarter valued at about $216,000. Institutional investors own 91.64% of the company's stock.
Insider Buying and Selling
In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the company'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. This represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, the executive vice president 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 sold a total of 14,000 shares of company stock worth $324,660 over the last three months. 3.71% of the stock is currently owned by company insiders.
NetScout Systems Price Performance
Shares of NTCT stock traded down $0.02 during trading hours on Monday, reaching $22.16. 786,578 shares of the company were exchanged, compared to its average volume of 481,664. NetScout Systems, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $27.89. The stock's fifty day moving average is $23.41 and its two-hundred day moving average is $22.40. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -4.30 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 (EPS) for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $204.99 million for the quarter, compared to the consensus estimate of $194.80 million. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.
About NetScout Systems
(
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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