Versor Investments LP lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 237.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,881 shares of the technology company's stock after purchasing an additional 33,700 shares during the period. Versor Investments LP owned 0.07% of NetScout Systems worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of NetScout Systems during the first quarter worth approximately $216,000. SG Americas Securities LLC increased its stake in shares of NetScout Systems by 94.6% during the first quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock worth $667,000 after purchasing an additional 15,443 shares during the period. Captrust Financial Advisors increased its stake in shares of 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 worth $852,000 after purchasing an additional 1,481 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of NetScout Systems by 1,658.0% during the first quarter. GAMMA Investing LLC now owns 18,195 shares of the technology company's stock worth $382,000 after purchasing an additional 17,160 shares during the period. Institutional investors own 91.64% of the company's stock.
NetScout Systems Stock Performance
Shares of NASDAQ NTCT traded up $0.76 during trading hours on Friday, reaching $23.50. 472,000 shares of the stock were exchanged, compared to its average volume of 515,142. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.50 and a beta of 0.65. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89. The stock's fifty day simple moving average is $22.99 and its 200 day simple moving average is $22.39.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $186.75 million for the quarter, compared to analyst estimates of $181.50 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. 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 NetScout Systems stock in a transaction 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 completion of the transaction, the executive vice president directly owned 127,352 shares of the company's stock, valued at $2,988,951.44. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of NetScout Systems stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 3.82% of the stock is owned by insiders.
About NetScout Systems
(
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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