GAMMA Investing LLC Boosts Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

GAMMA Investing LLC lifted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 1,658.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,195 shares of the technology company’s stock after purchasing an additional 17,160 shares during the quarter. GAMMA Investing LLC’s holdings in NetScout Systems were worth $382,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in NetScout Systems by 12.2% during the 4th quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company’s stock valued at $89,202,000 after acquiring an additional 448,537 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of NetScout Systems by 137.7% during the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company’s stock worth $8,410,000 after purchasing an additional 224,925 shares during the last quarter. Norges Bank purchased a new position in shares of NetScout Systems during the fourth quarter worth $4,480,000. Prudential Financial Inc. lifted its position in NetScout Systems by 102.9% during the fourth quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company’s stock valued at $8,503,000 after purchasing an additional 199,079 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of NetScout Systems by 205.7% in the 4th quarter. LSV Asset Management now owns 257,700 shares of the technology company’s stock valued at $5,582,000 after buying an additional 173,400 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Trading Down 1.1%

Shares of NTCT stock opened at $23.59 on Friday. NetScout Systems, Inc. has a twelve month low of $17.73 and a twelve month high of $27.89. The stock has a market cap of $1.68 billion, a P/E ratio of -4.58 and a beta of 0.63. The stock has a 50 day moving average of $22.31 and a 200 day moving average of $22.19.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. NetScout Systems had a negative net margin of 44.60% and a positive return on equity of 7.37%. The business had revenue of $204.99 million for the quarter, compared to analysts’ expectations of $194.80 million. During the same quarter last year, the company earned $0.55 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, research analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total transaction of $83,475.00. Following the transaction, the director now owns 127,798 shares in the company, valued at $3,047,982.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the completion of the sale, the executive vice president now directly owns 127,352 shares in the company, valued at $2,988,951.44. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock valued at $324,660. Corporate insiders own 3.71% of the company’s stock.

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.