Federated Hermes Inc. Takes Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Federated Hermes Inc. acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 158,335 shares of the technology company's stock, valued at approximately $3,475,000. Federated Hermes Inc. owned about 0.22% of NetScout Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of NetScout Systems by 377.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 622,927 shares of the technology company's stock valued at $13,673,000 after acquiring an additional 492,484 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 valued at $246,910,000 after acquiring an additional 387,379 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of NetScout Systems by 168.5% in the 3rd quarter. Penserra Capital Management LLC now owns 272,640 shares of the technology company's stock valued at $7,639,000 after acquiring an additional 171,082 shares during the last quarter. First Eagle Investment Management LLC bought a new position in shares of NetScout Systems in the 3rd quarter valued at about $3,590,000. Finally, Clark Estates Inc. NY bought a new position in shares of NetScout Systems in the 3rd quarter valued at about $3,026,000. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, COO Michael Szabados sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total transaction of $110,650.00. Following the transaction, the chief operating officer now directly owns 26,084 shares of the company's stock, valued at $577,238.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 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 directly owns 111,115 shares of the company's stock, valued at $2,436,751.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Szabados sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total transaction of $110,650.00. Following the transaction, the chief operating officer now directly 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 currently owned by corporate insiders.

NetScout Systems Price Performance

NetScout Systems stock remained flat at $19.90 during midday trading on Friday. 262,853 shares of the company were exchanged, compared to its average volume of 439,507. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.55 and a current ratio of 1.59. NetScout Systems, Inc. has a 12 month low of $18.77 and a 12 month high of $31.66. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -11.78 and a beta of 0.64. The stock has a 50-day simple moving average of $21.13 and a two-hundred day simple moving average of $21.54.

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