Joseph G. Hadzima, Jr. Sells 3,500 Shares of NetScout Systems, Inc. (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) Director Joseph G. Hadzima, Jr. sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total transaction of $83,475.00. Following the sale, the director now directly owns 127,798 shares in the company, valued at $3,047,982.30. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NetScout Systems Trading Down 1.4%

Shares of NetScout Systems stock traded down $0.33 on Friday, reaching $23.27. The company had a trading volume of 53,219 shares, compared to its average volume of 523,694. The firm's 50 day moving average price is $21.86 and its two-hundred day moving average price is $22.13. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The firm has a market cap 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, hitting the consensus estimate of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The company had revenue of $204.99 million for the quarter, compared to analyst estimates of $194.80 million. During the same quarter last year, the company posted $0.55 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in 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 valued at $30,000 after purchasing an additional 1,263 shares in the last quarter. Ransom Advisory Ltd purchased a new position in NetScout Systems in the first quarter valued at about $34,000. Sterling Capital Management LLC boosted its holdings 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 worth $48,000 after acquiring an additional 1,973 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in NetScout Systems during the 4th quarter valued at $71,000. Finally, PNC Financial Services Group Inc. increased its holdings in NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after purchasing an additional 508 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.