GAMMA Investing LLC raised its position in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 1,658.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,195 shares of the technology company’s stock after buying an additional 17,160 shares during the period. GAMMA Investing LLC’s holdings in NetScout Systems were worth $382,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of NetScout Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company’s stock worth $202,597,000 after buying an additional 64,475 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of NetScout Systems by 12.2% in the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company’s stock worth $89,202,000 after buying an additional 448,537 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NetScout Systems by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,959,996 shares of the technology company’s stock worth $42,463,000 after buying an additional 30,445 shares in the last quarter. First Trust Advisors LP boosted its position in NetScout Systems by 4.6% during the fourth quarter. First Trust Advisors LP now owns 1,432,901 shares of the technology company’s stock worth $31,037,000 after acquiring an additional 62,603 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in NetScout Systems by 0.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,417,716 shares of the technology company’s stock valued at $30,850,000 after acquiring an additional 5,176 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total value of $83,475.00. Following the completion of the sale, the director now owns 127,798 shares of the company’s stock, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, the executive vice president now owns 127,352 shares of the company’s stock, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,000 shares of company stock valued at $324,660. Insiders own 3.71% of the company’s stock.
NetScout Systems Trading Down 1.1%
NetScout Systems (NASDAQ:NTCT – Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The business had revenue of $204.99 million during the quarter, compared to analyst estimates of $194.80 million. During the same period in the prior year, the business earned $0.55 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share 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.
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