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

Assenagon Asset Management S.A. raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,053,606 shares of the technology company's stock after acquiring an additional 207,171 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.48% of NetScout Systems worth $22,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTCT. Millennium Management LLC increased its position in shares of NetScout Systems by 375.3% during the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company's stock worth $20,128,000 after purchasing an additional 868,955 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in NetScout Systems in the second quarter valued at $6,015,000. Vanguard Group Inc. lifted its stake in shares of NetScout Systems by 2.5% in the 1st 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. Acadian Asset Management LLC grew its holdings in shares of NetScout Systems by 181.1% during the 2nd quarter. Acadian Asset Management LLC now owns 304,583 shares of the technology company's stock worth $5,565,000 after purchasing an additional 196,218 shares during the period. Finally, AXA S.A. increased its position in shares of NetScout Systems by 457.0% during the 2nd quarter. AXA S.A. now owns 125,778 shares of the technology company's stock worth $2,300,000 after purchasing an additional 103,197 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction dated 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 directly owns 43,434 shares in the company, valued at $816,993.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the sale, the chief operating officer now directly owns 43,434 shares in the company, valued at $816,993.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Downing sold 4,247 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the completion of the transaction, the executive vice president now owns 131,590 shares of the company's stock, valued at $2,631,800. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,952 shares of company stock worth $598,411. Company insiders own 3.59% of the company's stock.

NetScout Systems Stock Up 0.9 %

Shares of NetScout Systems stock traded up $0.18 during trading hours on Friday, hitting $20.64. The company had a trading volume of 348,837 shares, compared to its average volume of 652,112. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.50. The company's 50-day moving average is $20.78 and its two-hundred day moving average is $19.85. The company has a market cap of $1.47 billion, a P/E ratio of -9.83 and a beta of 0.58. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $24.42.

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

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.