Capstone Investment Advisors LLC bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 43,216 shares of the technology company's stock, valued at approximately $940,000. Capstone Investment Advisors LLC owned 0.06% of NetScout Systems at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of NetScout Systems during the 2nd quarter valued at about $38,000. FMR LLC increased its holdings in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after buying an additional 477 shares during the last quarter. Innealta Capital LLC bought a new position in NetScout Systems in the second quarter worth approximately $60,000. KBC Group NV boosted its stake in shares of NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company's stock worth $67,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of NetScout Systems during the 2nd quarter valued at $69,000. Institutional investors own 91.64% of the company's stock.
NetScout Systems Stock Performance
Shares of NTCT stock traded down $0.14 during trading hours on Friday, reaching $21.88. 190,109 shares of the company traded hands, compared to its average volume of 622,488. The firm has a 50-day moving average price of $21.42 and a 200 day moving average price of $20.18. The company has a market cap of $1.57 billion, a P/E ratio of -2.61 and a beta of 0.58. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $24.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63.
Insiders Place Their Bets
In related 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 completion of the transaction, the chief operating officer now owns 42,489 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 3.71% of the stock is currently owned by company 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.
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