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

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in 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 worth $42,463,000 after acquiring an additional 30,445 shares during the last quarter. First Trust Advisors LP grew its position in 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 worth $31,037,000 after acquiring an additional 62,603 shares during the last quarter. Assenagon Asset Management S.A. grew its position in 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 worth $24,211,000 after acquiring an additional 328,468 shares during the last quarter. Northern Trust Corp grew its position in NetScout Systems by 2.1% during the 4th quarter. Northern Trust Corp now owns 795,610 shares of the technology company’s stock worth $17,233,000 after acquiring an additional 16,013 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in NetScout Systems by 8.5% during the 1st quarter. Allianz Asset Management GmbH now owns 779,820 shares of the technology company’s stock worth $16,384,000 after acquiring an additional 60,820 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Price Performance

NTCT opened at $21.93 on Tuesday. The stock’s 50 day simple moving average is $23.13 and its 200 day simple moving average is $22.41. NetScout Systems, Inc. has a 1 year low of $18.12 and a 1 year high of $27.89. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.93 and a beta of 0.65.

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

Insider Activity at NetScout Systems

In other NetScout Systems 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 value of $83,475.00. Following the completion of the sale, the director owned 127,798 shares in the company, valued at approximately $3,047,982.30. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was 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 owned 127,352 shares of the company’s stock, valued at approximately $2,988,951.44. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.82% of the company’s stock.

NetScout Systems 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.