NetScout Systems, Inc. (NASDAQ:NTCT) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,172 shares of the technology company's stock after acquiring an additional 13,970 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of NetScout Systems worth $4,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew 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 worth $1,744,000 after acquiring an additional 28,583 shares during the last quarter. Captrust Financial Advisors boosted its holdings in NetScout Systems by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock worth $524,000 after acquiring an additional 993 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NetScout Systems by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock worth $27,100,000 after acquiring an additional 85,713 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 64,475 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NetScout Systems by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company's stock valued at $852,000 after acquiring an additional 1,481 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Performance

NetScout Systems stock traded up $0.04 during mid-day trading on Thursday, reaching $23.22. 306,214 shares of the stock traded hands, compared to its average volume of 532,688. The business's 50-day moving average is $21.48 and its 200-day moving average is $22.04. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The stock has a market capitalization of $1.66 billion, a PE ratio of -3.96 and a beta of 0.63.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The business had revenue of $204.99 million for the quarter, compared to the consensus estimate of $194.80 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $23.47, for a total value of $70,410.00. Following the transaction, the executive vice president now directly owns 127,352 shares in the company, valued at approximately $2,988,951.44. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 7,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the transaction, the chief operating officer now owns 28,489 shares in the company, valued at $648,694.53. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.71% of the company's stock.

NetScout Systems Company 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.