Federated Hermes Inc. Increases Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Federated Hermes Inc. lifted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 105.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,246 shares of the technology company's stock after purchasing an additional 80,702 shares during the quarter. Federated Hermes Inc. owned 0.22% of NetScout Systems worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in NetScout Systems by 1,214.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock valued at $30,000 after purchasing an additional 1,263 shares during the period. FMR LLC grew its holdings in NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock worth $43,000 after acquiring an additional 477 shares during the period. PNC Financial Services Group Inc. increased its holdings in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after purchasing an additional 508 shares in the last quarter. KBC Group NV lifted its position in shares of NetScout Systems by 45.1% during the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company's stock valued at $97,000 after acquiring an additional 1,398 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of NetScout Systems during the fourth quarter valued at about $221,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company's stock, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 6,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total transaction of $152,555.00. Following the transaction, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock worth $512,321 over the last quarter. Insiders own 3.71% of the company's stock.

NetScout Systems Stock Down 1.0 %

Shares of NTCT traded down $0.21 on Friday, reaching $19.84. The company's stock had a trading volume of 528,899 shares, compared to its average volume of 539,366. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The stock has a market capitalization of $1.42 billion, a PE ratio of -3.39 and a beta of 0.66. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $21.64 and a 200-day moving average of $21.87.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Equities analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price objective on NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st.

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.