NetScout Systems, Inc. (NASDAQ:NTCT) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 66.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 446,387 shares of the technology company's stock after buying an additional 178,269 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.62% of NetScout Systems worth $9,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC lifted its stake in shares of NetScout Systems by 3.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company's stock valued at $340,000 after purchasing an additional 527 shares in the last quarter. Natixis Advisors LLC grew its stake in 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 during the period. Louisiana State Employees Retirement System raised its stake in shares of NetScout Systems by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company's stock valued at $657,000 after acquiring an additional 700 shares during the period. Covestor Ltd lifted its holdings in shares of NetScout Systems by 25.7% during the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock valued at $78,000 after acquiring an additional 737 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in NetScout Systems by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company's stock worth $356,000 after purchasing an additional 759 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a "sector perform" rating and issued a $22.00 price target on shares of NetScout Systems in a report on Friday, July 26th.

Insider Buying and Selling

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 value of $138,580.00. Following the sale, the chief operating officer now directly owns 42,489 shares of the company's stock, valued at $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.71% of the company's stock.

NetScout Systems Stock Up 1.2 %

NTCT stock traded up $0.25 during trading on Friday, reaching $21.81. The stock had a trading volume of 365,177 shares, compared to its average volume of 627,593. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $21.24 and a 200 day moving average price of $20.12. The company has a market capitalization of $1.56 billion, a P/E ratio of -2.57 and a beta of 0.58. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42.

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.