JPMorgan Chase & Co. Trims Position in NetScout Systems, Inc. (NASDAQ:NTCT)

JPMorgan Chase & Co. reduced its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 58.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 163,361 shares of the technology company's stock after selling 228,227 shares during the period. JPMorgan Chase & Co. owned about 0.23% of NetScout Systems worth $3,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake 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 worth $43,000 after purchasing an additional 477 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in NetScout Systems by 3.5% in 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 in the last quarter. Natixis Advisors LLC raised its position in NetScout Systems by 2.2% in the 3rd 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 last quarter. Covestor Ltd lifted its stake in 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 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 worth $356,000 after acquiring an additional 759 shares during the period. 91.64% of the stock is owned by institutional investors.

NetScout Systems Price Performance

NTCT stock traded up $0.10 during trading on Friday, reaching $22.15. The stock had a trading volume of 515,915 shares, compared to its average volume of 310,934. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $22.00 and its two-hundred day moving average is $20.83. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $24.42.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the transaction, the chief operating officer now directly owns 42,489 shares in the company, valued at approximately $905,865.48. The trade was a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research 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.