Y Intercept Hong Kong Ltd Sells 11,568 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Y Intercept Hong Kong Ltd trimmed its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 35.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,124 shares of the technology company's stock after selling 11,568 shares during the period. Y Intercept Hong Kong Ltd's holdings in NetScout Systems were worth $444,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NTCT. American Century Companies Inc. grew its position in NetScout Systems by 126.8% in the fourth quarter. American Century Companies Inc. now owns 35,563 shares of the technology company's stock valued at $770,000 after acquiring an additional 19,884 shares during the period. Sei Investments Co. grew its position in NetScout Systems by 49.5% in the fourth quarter. Sei Investments Co. now owns 216,865 shares of the technology company's stock valued at $4,697,000 after acquiring an additional 71,815 shares during the period. KLP Kapitalforvaltning AS bought a new stake in NetScout Systems in the fourth quarter valued at $297,000. Vanguard Group Inc. grew its holdings in shares of NetScout Systems by 0.7% during 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, JPMorgan Chase & Co. grew its holdings in shares of NetScout Systems by 137.7% during the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock worth $8,410,000 after purchasing an additional 224,925 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insider Transactions at NetScout Systems

In other news, COO Michael Szabados sold 7,500 shares of the stock in a transaction 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 sale, the chief operating officer owned 28,489 shares in the company, valued at approximately $648,694.53. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Downing sold 3,000 shares of the 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 sale, the executive vice president owned 127,352 shares in the company, valued at $2,988,951.44. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock worth $324,660. Insiders own 3.71% of the company's stock.

NetScout Systems Price Performance

Shares of NTCT stock traded down $0.58 during trading hours on Friday, hitting $20.85. 117,097 shares of the company's stock were exchanged, compared to its average volume of 499,523. The stock's 50-day moving average is $23.35 and its 200-day moving average is $22.46. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -4.04 and a beta of 0.65. NetScout Systems, Inc. has a 52 week low of $17.96 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $204.99 million for the quarter, compared to analysts' expectations of $194.80 million. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Equities research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.