Vanguard Group Inc. Acquires 194,962 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Vanguard Group Inc. increased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,006,874 shares of the technology company’s stock after purchasing an additional 194,962 shares during the period. Vanguard Group Inc. owned approximately 12.68% of NetScout Systems worth $197,701,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NTCT. Charles Schwab Investment Management Inc. increased its stake in NetScout Systems by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 977,483 shares of the technology company’s stock valued at $21,456,000 after purchasing an additional 60,772 shares in the last quarter. Duality Advisers LP bought a new stake in NetScout Systems in the 4th quarter valued at about $948,000. First Trust Advisors LP raised its stake in NetScout Systems by 73.0% during the 4th quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock worth $97,220,000 after buying an additional 1,869,529 shares during the period. Federated Hermes Inc. bought a new position in NetScout Systems in the fourth quarter worth approximately $3,475,000. Finally, AQR Capital Management LLC grew its stake in NetScout Systems by 37.1% in the third quarter. AQR Capital Management LLC now owns 153,369 shares of the technology company’s stock valued at $4,297,000 after acquiring an additional 41,529 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Trading Up 1.1 %

NASDAQ:NTCT opened at $18.72 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.70 and a quick ratio of 1.67. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $31.04. The company has a market cap of $1.34 billion, a PE ratio of -8.91 and a beta of 0.60. The firm has a 50-day moving average of $19.57 and a 200-day moving average of $20.81.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). NetScout Systems had a negative net margin of 17.81% and a positive return on equity of 5.11%. The company had revenue of $203.44 million for the quarter, compared to analyst estimates of $215.94 million. As a group, equities research analysts expect that NetScout Systems, Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 13th.

Insider Buying and Selling at NetScout Systems

In other news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total value of $102,050.00. Following the completion of the sale, the chief operating officer now owns 21,084 shares in the company, valued at approximately $430,324.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.59% 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.