Natixis Advisors LLC Buys 681 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Natixis Advisors LLC increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,371 shares of the technology company’s stock after buying an additional 681 shares during the quarter. Natixis Advisors LLC’s holdings in NetScout Systems were worth $617,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of NetScout Systems by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,959,996 shares of the technology company’s stock valued at $42,463,000 after buying an additional 30,445 shares during the last quarter. First Trust Advisors LP lifted its position in shares of NetScout Systems by 4.6% during the 4th quarter. First Trust Advisors LP now owns 1,432,901 shares of the technology company’s stock valued at $31,037,000 after buying an additional 62,603 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NetScout Systems by 39.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company’s stock valued at $24,211,000 after buying an additional 328,468 shares during the last quarter. Northern Trust Corp lifted its position in shares of NetScout Systems by 2.1% during the 4th quarter. Northern Trust Corp now owns 795,610 shares of the technology company’s stock valued at $17,233,000 after buying an additional 16,013 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of NetScout Systems by 8.5% during the 1st quarter. Allianz Asset Management GmbH now owns 779,820 shares of the technology company’s stock valued at $16,384,000 after buying an additional 60,820 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total transaction of $83,475.00. Following the sale, the director owned 127,798 shares of the company’s stock, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $23.47, for a total value of $70,410.00. Following the completion of the sale, the executive vice president directly owned 127,352 shares in the company, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.82% of the company’s stock.

NetScout Systems Price Performance

Shares of NASDAQ NTCT opened at $21.93 on Tuesday. NetScout Systems, Inc. has a one year low of $18.12 and a one year high of $27.89. The business’s fifty day moving average price is $23.13 and its 200-day moving average price is $22.41. The stock has a market capitalization of $1.58 billion, a PE ratio of 21.93 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $181.50 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

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.