NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 377.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 622,927 shares of the technology company's stock after purchasing an additional 492,484 shares during the quarter. Assenagon Asset Management S.A. owned about 0.88% of NetScout Systems worth $13,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in NetScout Systems during the fourth quarter worth approximately $20,592,000. FMR LLC raised its position in shares of NetScout Systems by 1,421.6% in the 2nd quarter. FMR LLC now owns 629,722 shares of the technology company's stock worth $21,316,000 after buying an additional 588,337 shares during the period. Vanguard Group Inc. raised its position in shares of NetScout Systems by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,811,912 shares of the technology company's stock worth $246,910,000 after buying an additional 387,379 shares during the period. Legal & General Group Plc boosted its holdings in NetScout Systems by 12.6% in the fourth quarter. Legal & General Group Plc now owns 3,286,109 shares of the technology company's stock valued at $106,831,000 after acquiring an additional 367,604 shares during the last quarter. Finally, Morgan Stanley increased its stake in NetScout Systems by 52.1% during the fourth quarter. Morgan Stanley now owns 697,119 shares of the technology company's stock worth $22,663,000 after acquiring an additional 238,937 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

Separately, TheStreet lowered NetScout Systems from a "c" rating to a "d+" rating in a research note on Thursday, January 25th.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $21.93, for a total value of $65,790.00. Following the transaction, the executive vice president now directly owns 111,115 shares in the company, valued at approximately $2,436,751.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John Downing sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $21.93, for a total transaction of $65,790.00. Following the transaction, the executive vice president now owns 111,115 shares in the company, valued at $2,436,751.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Szabados sold 5,000 shares of the business's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total transaction of $110,650.00. Following the completion of the sale, the chief operating officer now owns 26,084 shares in the company, valued at $577,238.92. The disclosure for this sale can be found here. 3.59% of the stock is owned by insiders.

NetScout Systems Stock Up 0.1 %

Shares of NetScout Systems stock traded up $0.03 during trading on Friday, reaching $21.84. The company had a trading volume of 355,593 shares, compared to its average volume of 995,392. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.55 and a current ratio of 1.59. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -12.92 and a beta of 0.64. NetScout Systems, Inc. has a fifty-two week low of $19.74 and a fifty-two week high of $31.66. The firm's fifty day moving average is $21.75 and its 200-day moving average is $22.63.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, January 25th. The technology company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.33. NetScout Systems had a positive return on equity of 4.57% and a negative net margin of 14.21%. The company had revenue of $218.07 million for the quarter, compared to the consensus estimate of $200.08 million. On average, analysts anticipate that NetScout Systems, Inc. will post 1.4 EPS for the current year.

NetScout Systems 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.