Universal Beteiligungs und Servicegesellschaft mbH Invests $1.63 Million in NetScout Systems, Inc. (NASDAQ:NTCT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 77,784 shares of NetScout Systems, valued at approximately $1.634 million, during the first quarter, bringing its total ownership to about 0.11% of the company.
• NetScout Systems reported a $204.99 million revenue for the latest quarter, surpassing analyst expectations of $194.80 million, with an earnings per share of $0.52.
• Recent insider trading included EVP John Downing and COO Michael Szabados selling a combined total of 10,500 shares, representing significant decreases in their respective ownership stakes.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 77,784 shares of the technology company's stock, valued at approximately $1,634,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of NetScout Systems as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after buying an additional 1,263 shares in the last quarter. Sterling Capital Management LLC boosted its position in NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock valued at $48,000 after buying an additional 1,973 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in NetScout Systems in the 4th quarter valued at $71,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NetScout Systems in the 1st quarter worth $216,000. Finally, Lazard Asset Management LLC bought a new position in shares of NetScout Systems in the 4th quarter worth $229,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Trading Down 1.2%

Shares of NASDAQ:NTCT traded down $0.27 during midday trading on Tuesday, hitting $21.28. The company had a trading volume of 119,977 shares, compared to its average volume of 500,651. NetScout Systems, Inc. has a 12 month low of $17.96 and a 12 month high of $27.89. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -4.13 and a beta of 0.65. The firm has a fifty day simple moving average of $23.28 and a 200 day simple moving average of $22.45.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $204.99 million for the quarter, compared to the consensus estimate of $194.80 million. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The firm's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. Equities analysts forecast 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, COO Michael Szabados sold 7,500 shares of NetScout Systems 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 owned 28,489 shares of the company's stock, valued at $648,694.53. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of NetScout Systems stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total value of $83,475.00. Following the completion of the sale, the director directly owned 127,798 shares in the company, 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 have sold 14,000 shares of company stock valued at $324,660 in the last 90 days. 3.82% of the stock is currently owned by company insiders.

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.