158,335 Shares in NetScout Systems, Inc. (NASDAQ:NTCT) Bought by Federated Hermes Inc.

Federated Hermes Inc. bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 158,335 shares of the technology company’s stock, valued at approximately $3,475,000. Federated Hermes Inc. owned 0.22% of NetScout Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of NetScout Systems by 409.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,187 shares during the last quarter. Covestor Ltd grew its holdings in NetScout Systems by 38.4% in the 3rd quarter. Covestor Ltd now owns 1,952 shares of the technology company’s stock valued at $54,000 after buying an additional 542 shares during the last quarter. Aigen Investment Management LP bought a new position in NetScout Systems in the 3rd quarter worth approximately $231,000. HighTower Advisors LLC acquired a new position in shares of NetScout Systems during the third quarter worth approximately $247,000. Finally, Watershed Asset Management L.L.C. boosted its position in shares of NetScout Systems by 7.6% in the third quarter. Watershed Asset Management L.L.C. now owns 9,935 shares of the technology company’s stock valued at $278,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Price Performance

NASDAQ NTCT opened at $19.90 on Friday. NetScout Systems, Inc. has a twelve month low of $18.77 and a twelve month high of $31.66. The stock has a market cap of $1.41 billion, a PE ratio of -11.78 and a beta of 0.64. The firm has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $21.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.55 and a current ratio of 1.59.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.33. NetScout Systems had a positive return on equity of 4.57% and a negative net margin of 14.21%. The company had revenue of $218.07 million during the quarter, compared to the consensus estimate of $200.08 million. On average, research analysts forecast that NetScout Systems, Inc. will post 1.4 EPS for the current year.

Insider Activity

In related news, COO Michael Szabados sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total value of $110,650.00. Following the completion of the transaction, the chief operating officer now directly owns 26,084 shares of the company’s stock, valued at $577,238.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total value of $110,650.00. Following the sale, the chief operating officer now owns 26,084 shares of the company’s stock, valued at $577,238.92. The transaction was disclosed in a legal filing 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 Friday, February 16th. The stock was sold at an average price of $21.93, for a total transaction of $65,790.00. Following the transaction, the executive vice president now owns 111,115 shares of the company’s stock, valued at approximately $2,436,751.95. The disclosure for this sale can be found here. 3.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of NetScout Systems from a “c” rating to a “d+” rating in a research report on Thursday, January 25th.

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.