Nisa Investment Advisors LLC decreased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 30.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,115 shares of the technology company's stock after selling 48,480 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.15% of NetScout Systems worth $2,335,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTCT. Charles Schwab Investment Management Inc. increased its position in NetScout Systems by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock valued at $27,100,000 after purchasing an additional 85,713 shares during the period. Victory Capital Management Inc. increased its position in NetScout Systems by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock valued at $1,744,000 after purchasing an additional 28,583 shares during the period. PNC Financial Services Group Inc. grew its position in shares of NetScout Systems by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after buying an additional 508 shares during the last quarter. Amundi grew its position in shares of NetScout Systems by 33.9% in the 4th quarter. Amundi now owns 65,566 shares of the technology company's stock worth $1,427,000 after buying an additional 16,591 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of NetScout Systems by 1.6% in the 4th quarter. First Eagle Investment Management LLC now owns 248,505 shares of the technology company's stock worth $5,383,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 91.64% of the company's stock.
Insiders Place Their Bets
In related news, EVP John Downing sold 3,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $23.47, for a total value of $70,410.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the completion of the transaction, the director directly owned 127,798 shares in the company, valued at $3,047,982.30. The trade was a 2.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,000 shares of company stock worth $324,660. Company insiders own 3.71% of the company's stock.
NetScout Systems Stock Up 1.6%
Shares of NetScout Systems stock traded up $0.37 on Thursday, reaching $22.90. The stock had a trading volume of 735,590 shares, compared to its average volume of 482,594. The company has a 50 day moving average price of $23.51 and a 200 day moving average price of $22.42. NetScout Systems, Inc. has a 1 year low of $17.95 and a 1 year high of $27.89. The stock has a market capitalization of $1.63 billion, a P/E ratio of -4.45 and a beta of 0.65.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, hitting 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 analysts' expectations of $194.80 million. During the same period last year, the business earned $0.55 EPS. NetScout Systems's revenue for the quarter was up .8% on a year-over-year basis. On average, analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal 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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