Impax Asset Management Group plc Purchases 120,000 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Impax Asset Management Group plc grew its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 32.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 495,000 shares of the technology company's stock after purchasing an additional 120,000 shares during the quarter. Impax Asset Management Group plc owned about 0.69% of NetScout Systems worth $10,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in NetScout Systems by 2.5% in the first quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company's stock valued at $201,602,000 after buying an additional 223,975 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in NetScout Systems by 2.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company's stock worth $23,333,000 after acquiring an additional 35,811 shares during the last quarter. Millennium Management LLC grew its holdings 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 purchasing an additional 868,955 shares during the period. Assenagon Asset Management S.A. increased its stake in NetScout Systems by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company's stock valued at $22,916,000 after purchasing an additional 207,171 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of NetScout Systems during the second quarter worth $6,015,000. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 19,205 shares of NetScout Systems stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total value of $391,205.85. Following the sale, the insider now directly owns 78,598 shares in the company, valued at approximately $1,601,041.26. The trade was a 19.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Szabados sold 6,500 shares of the 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 transaction, the chief operating officer now owns 43,434 shares of the company's stock, valued at approximately $816,993.54. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,205 shares of company stock valued at $652,051 in the last 90 days. 3.71% of the stock is currently owned by company insiders.

NetScout Systems Stock Down 2.5 %

Shares of NASDAQ:NTCT traded down $0.56 during midday trading on Friday, reaching $21.86. 351,500 shares of the company were exchanged, compared to its average volume of 634,213. The firm has a market cap of $1.57 billion, a PE ratio of -2.60 and a beta of 0.58. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42. The stock has a fifty day simple moving average of $21.07 and a two-hundred day simple moving average of $20.07. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

Several analysts recently commented on NTCT shares. StockNews.com downgraded NetScout Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $22.00 price objective on shares of NetScout Systems in a report on Friday, July 26th.

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.