Franklin Resources Inc. Has $948,000 Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Franklin Resources Inc. cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCTFree Report) by 96.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,176 shares of the technology company’s stock after selling 1,082,915 shares during the period. Franklin Resources Inc. owned 0.06% of NetScout Systems worth $948,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NTCT. Assenagon Asset Management S.A. lifted its position in NetScout Systems by 377.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 622,927 shares of the technology company’s stock worth $13,673,000 after acquiring an additional 492,484 shares during the last quarter. Norges Bank bought a new position in shares of NetScout Systems during the fourth quarter worth approximately $10,184,000. Vanguard Group Inc. increased its holdings in shares of NetScout Systems by 4.6% during the third quarter. Vanguard Group Inc. now owns 8,811,912 shares of the technology company’s stock worth $246,910,000 after purchasing an additional 387,379 shares during the period. Penserra Capital Management LLC increased its holdings in shares of NetScout Systems by 168.5% during the third quarter. Penserra Capital Management LLC now owns 272,640 shares of the technology company’s stock worth $7,639,000 after purchasing an additional 171,082 shares during the period. Finally, Federated Hermes Inc. bought a new position in shares of NetScout Systems during the fourth quarter worth approximately $3,475,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Stock Down 0.6 %

Shares of NTCT opened at $18.92 on Friday. NetScout Systems, Inc. has a 12 month low of $18.60 and a 12 month high of $31.42. The firm’s 50 day moving average is $20.20 and its 200-day moving average is $21.13. The stock has a market capitalization of $1.35 billion, a PE ratio of -9.01 and a beta of 0.62. The company has a current ratio of 1.70, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCTGet Free Report) last announced its earnings results on Thursday, May 9th. The technology company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). NetScout Systems had a positive return on equity of 5.11% and a negative net margin of 17.81%. The business had revenue of $203.44 million for the quarter, compared to the consensus estimate of $215.94 million. Equities research analysts forecast that NetScout Systems, Inc. will post 1.34 EPS for the current year.

Insider Activity at NetScout Systems

In related news, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total value of $102,050.00. Following the transaction, the chief operating officer now directly owns 21,084 shares of the company’s stock, valued at $430,324.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.59% of the stock is currently owned by insiders.

About NetScout Systems

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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