Teacher Retirement System of Texas Sells 22,504 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Teacher Retirement System of Texas cut its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 16.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.16% of NetScout Systems worth $2,418,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in NetScout Systems in the 1st quarter valued at $216,000. SG Americas Securities LLC lifted its holdings in shares of NetScout Systems by 94.6% during the 1st quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock worth $667,000 after acquiring an additional 15,443 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of NetScout Systems by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock worth $1,744,000 after acquiring an additional 28,583 shares during the period. Captrust Financial Advisors lifted its holdings in shares of NetScout Systems by 4.3% during the 4th 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 period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $27,100,000 after purchasing an additional 85,713 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

NetScout Systems Trading Down 0.6%

Shares of NetScout Systems stock traded down $0.13 during mid-day trading on Friday, reaching $22.38. 443,718 shares of the stock were exchanged, compared to its average volume of 476,491. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -4.35 and a beta of 0.65. NetScout Systems, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $27.89. The firm has a 50-day simple moving average of $23.39 and a 200 day simple moving average of $22.40.

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 for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $204.99 million during the quarter, compared to analysts' expectations of $194.80 million. NetScout Systems had a negative net margin of 44.60% and a positive return on equity of 7.37%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. On average, research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the firm'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 in the company, valued at approximately $2,988,951.44. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the firm'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. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,000 shares of company stock worth $324,660. 3.71% of the stock is currently owned by corporate insiders.

NetScout Systems Profile

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.