Insider Selling: NetScout Systems, Inc. (NASDAQ:NTCT) EVP Sells 3,000 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) EVP John Downing sold 3,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, the executive vice president now directly owns 127,352 shares of the company's stock, valued at approximately $2,988,951.44. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NetScout Systems Price Performance

NASDAQ NTCT traded down $0.33 during trading hours on Friday, hitting $22.79. 378,451 shares of the company's stock traded hands, compared to its average volume of 539,370. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The company has a market capitalization of $1.63 billion, a PE ratio of -3.89 and a beta of 0.62. 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 firm's 50-day moving average is $21.39 and its 200-day moving average is $22.02.

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

Hedge Funds Weigh In On NetScout Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new position in NetScout Systems in the 1st quarter valued at about $540,000. Ransom Advisory Ltd acquired a new position in NetScout Systems in the 1st quarter valued at about $34,000. Jane Street Group LLC boosted its holdings in NetScout Systems by 64.3% in the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company's stock valued at $7,316,000 after purchasing an additional 136,253 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NetScout Systems by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company's stock valued at $4,481,000 after purchasing an additional 15,112 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in NetScout Systems in the 1st quarter valued at about $492,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

About NetScout Systems

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.