Voya Investment Management LLC Has $1.14 Million Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Voya Investment Management LLC grew its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 53.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,503 shares of the technology company's stock after buying an additional 18,214 shares during the period. Voya Investment Management LLC owned approximately 0.07% of NetScout Systems worth $1,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in shares of NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after purchasing an additional 1,263 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of NetScout Systems by 811.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after acquiring an additional 508 shares during the period. KBC Group NV increased its stake in NetScout Systems by 45.1% during the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company's stock valued at $97,000 after acquiring an additional 1,398 shares during the period. Finally, Inceptionr LLC bought a new stake in shares of NetScout Systems in the 4th quarter valued at approximately $221,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Stock Performance

NASDAQ:NTCT traded up $0.05 during mid-day trading on Friday, hitting $21.61. The stock had a trading volume of 528,387 shares, compared to its average volume of 539,203. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -3.69 and a beta of 0.62. The company's 50 day simple moving average is $20.81 and its 200 day simple moving average is $21.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $204.99 million during the quarter, compared to the consensus estimate of $194.80 million. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. NetScout Systems's revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, equities research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Activity

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company's stock, valued at approximately $1,706,955.12. The trade was a 14.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. 3.71% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st.

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.