Squarepoint Ops LLC grew its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 535.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,059 shares of the technology company's stock after acquiring an additional 114,648 shares during the quarter. Squarepoint Ops LLC owned about 0.19% of NetScout Systems worth $2,947,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of NetScout Systems by 55.0% during the fourth 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 in the last quarter. Captrust Financial Advisors raised its holdings 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 purchasing an additional 993 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 in the last quarter. Vanguard Group Inc. raised its position in NetScout Systems by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock worth $202,597,000 after acquiring an additional 64,475 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in NetScout Systems by 4.4% during the fourth quarter. Tidal Investments LLC now owns 30,514 shares of the technology company's stock worth $661,000 after buying an additional 1,294 shares in the last quarter. Institutional investors own 91.64% of the company's stock.
Insider Activity
In related news, EVP John Downing sold 3,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 127,352 shares of the company's stock, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Szabados sold 7,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the sale, 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. Corporate insiders own 3.71% of the company's stock.
NetScout Systems Price Performance
Shares of NASDAQ NTCT traded down $0.33 during mid-day trading on Friday, reaching $22.79. The company had a trading volume of 378,451 shares, compared to its average volume of 539,370. The company has a 50-day moving average price of $21.39 and a two-hundred day moving average price of $22.02. The stock has a market cap of $1.63 billion, a PE ratio of -3.89 and a beta of 0.62. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89.
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. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The firm had revenue of $204.99 million for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.
NetScout Systems 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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