Teacher Retirement System of Texas Has $2.42 Million Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Teacher Retirement System of Texas decreased its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,066 shares of the technology company's stock after selling 22,504 shares during the period. Teacher Retirement System of Texas owned 0.16% of NetScout Systems worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund increased its stake in shares of NetScout Systems by 4.9% in the first quarter. Illinois Municipal Retirement Fund now owns 38,642 shares of the technology company's stock valued at $812,000 after buying an additional 1,795 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of NetScout Systems by 54.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company's stock valued at $10,496,000 after buying an additional 175,894 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NetScout Systems in the first quarter valued at about $216,000. 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 valued at $24,211,000 after buying an additional 328,468 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of NetScout Systems by 94.6% in the first quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock valued at $667,000 after buying an additional 15,443 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Buying and Selling

In related news, COO Michael Szabados sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total transaction of $170,775.00. Following the completion of the sale, the chief operating officer owned 28,489 shares of the company's stock, valued at $648,694.53. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the firm'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 sale, the director directly owned 127,798 shares of the company's stock, valued at $3,047,982.30. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $324,660 over the last 90 days. Company insiders own 3.71% of the company's stock.

NetScout Systems Stock Performance

Shares of NTCT stock traded down $0.33 on Friday, hitting $22.18. The company had a trading volume of 1,081,570 shares, compared to its average volume of 478,321. The firm has a market cap of $1.58 billion, a P/E ratio of -4.31 and a beta of 0.65. The stock's 50-day moving average is $23.41 and its two-hundred day moving average is $22.40. NetScout Systems, Inc. has a twelve month low of $17.95 and a twelve month high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $204.99 million during the quarter, compared to analysts' expectations of $194.80 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business's quarterly revenue was up .8% on a year-over-year basis. Equities research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

About NetScout Systems

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.