Assenagon Asset Management S.A. Sells 229,695 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Assenagon Asset Management S.A. decreased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 823,911 shares of the technology company's stock after selling 229,695 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.15% of NetScout Systems worth $17,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after purchasing an additional 477 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in NetScout Systems by 3.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company's stock worth $340,000 after buying an additional 527 shares during the period. Natixis Advisors LLC lifted its holdings in shares of NetScout Systems by 2.2% during the third quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company's stock worth $615,000 after buying an additional 606 shares in the last quarter. Covestor Ltd boosted its position in shares of NetScout Systems by 25.7% in the third quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock valued at $78,000 after acquiring an additional 737 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of NetScout Systems by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company's stock valued at $356,000 after acquiring an additional 759 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total transaction of $138,580.00. Following the sale, the chief operating officer now owns 42,489 shares of the company's stock, valued at approximately $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.71% of the stock is owned by insiders.

NetScout Systems Price Performance

Shares of NetScout Systems stock traded up $0.10 on Friday, reaching $22.15. 515,915 shares of the stock were exchanged, compared to its average volume of 310,934. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $24.42. The firm's 50 day moving average is $22.00 and its 200-day moving average is $20.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. The firm has a market cap of $1.59 billion, a PE ratio of -2.64 and a beta of 0.58.

Analyst Ratings Changes

Separately, StockNews.com raised shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 10th.

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.