Assenagon Asset Management S.A. Grows Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Assenagon Asset Management S.A. boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,053,606 shares of the technology company’s stock after buying an additional 207,171 shares during the quarter. Assenagon Asset Management S.A. owned 1.48% of NetScout Systems worth $22,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NTCT. Vanguard Group Inc. raised its holdings in shares of NetScout Systems by 2.5% during the first quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after purchasing an additional 223,975 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of NetScout Systems by 2.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company’s stock valued at $23,333,000 after buying an additional 35,811 shares during the period. Millennium Management LLC boosted its stake in shares of NetScout Systems by 375.3% in the 2nd quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock worth $20,128,000 after buying an additional 868,955 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of NetScout Systems in the second quarter worth $6,015,000. Finally, Acadian Asset Management LLC increased its position in NetScout Systems by 181.1% during the second quarter. Acadian Asset Management LLC now owns 304,583 shares of the technology company’s stock valued at $5,565,000 after acquiring an additional 196,218 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NTCT. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 target price on shares of NetScout Systems in a research report on Friday, July 26th. StockNews.com cut shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

Insiders Place Their Bets

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the transaction, the chief operating officer now owns 43,434 shares in the company, valued at approximately $816,993.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other NetScout Systems news, insider Jean A. Bua sold 19,205 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the transaction, the insider now directly owns 78,598 shares in the company, valued at $1,601,041.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the sale, the chief operating officer now directly owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,952 shares of company stock worth $598,411 over the last three months. 3.59% of the stock is currently owned by company insiders.

NetScout Systems Price Performance

NASDAQ NTCT opened at $20.64 on Friday. The business’s fifty day moving average is $20.78 and its 200 day moving average is $19.86. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.50 and a current ratio of 1.54. The company has a market capitalization of $1.47 billion, a PE ratio of -9.83 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $191.11 million for the quarter, compared to analysts’ expectations of $188.84 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. Sell-side analysts predict that NetScout Systems, Inc. will post 1.39 earnings per share for the current year.

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.