Algert Global LLC Invests $2.11 Million in NetScout Systems, Inc. (NASDAQ:NTCT)

Algert Global LLC acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 97,011 shares of the technology company's stock, valued at approximately $2,110,000. Algert Global LLC owned about 0.14% of NetScout Systems at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NTCT. Pacer Advisors Inc. raised its stake in NetScout Systems by 224,935.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company's stock valued at $44,736,000 after buying an additional 2,055,913 shares during the last quarter. Millennium Management LLC increased its position in NetScout Systems by 375.3% during the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company's stock valued at $20,128,000 after acquiring an additional 868,955 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NetScout Systems by 74.5% in the second quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company's stock worth $15,481,000 after purchasing an additional 361,245 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in NetScout Systems in the second quarter worth about $6,015,000. Finally, Vanguard Group Inc. increased its position in shares of NetScout Systems by 2.5% during 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. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total transaction of $122,265.00. Following the completion of the sale, the chief operating officer now owns 43,434 shares of the company's stock, valued at approximately $816,993.54. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT traded down $0.09 during trading on Thursday, hitting $22.02. The company's stock had a trading volume of 251,580 shares, compared to its average volume of 624,369. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -2.62 and a beta of 0.58. The company has a 50-day moving average of $21.40 and a 200-day moving average of $20.16. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $24.42.

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.