Martingale Asset Management L P Raises Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Martingale Asset Management L P increased its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 390.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,337 shares of the technology company's stock after buying an additional 67,125 shares during the quarter. Martingale Asset Management L P owned about 0.12% of NetScout Systems worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in NetScout Systems by 224,935.8% during the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company's stock worth $44,736,000 after acquiring an additional 2,055,913 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position 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 purchasing an additional 35,811 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NetScout Systems by 10.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company's stock valued at $25,348,000 after buying an additional 108,258 shares during the period. Millennium Management LLC raised its holdings in NetScout Systems by 375.3% in the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company's stock valued at $20,128,000 after buying an additional 868,955 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in NetScout Systems by 24.5% during 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 buying an additional 207,171 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Trading Down 0.6 %

Shares of NetScout Systems stock traded down $0.14 during trading hours on Friday, hitting $21.88. The company's stock had a trading volume of 190,109 shares, compared to its average volume of 364,270. 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 company has a market capitalization of $1.57 billion, a PE ratio of -2.60 and a beta of 0.58. The business has a fifty day moving average of $21.44 and a 200 day moving average of $20.19. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42.

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 that occurred on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total value of $138,580.00. Following the completion of the transaction, the chief operating officer now owns 42,489 shares in the company, valued at $905,865.48. This represents a 13.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.71% of the stock is owned by insiders.

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.