Geode Capital Management LLC Purchases 81,154 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Geode Capital Management LLC increased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,929,551 shares of the technology company's stock after purchasing an additional 81,154 shares during the quarter. Geode Capital Management LLC owned approximately 2.69% of NetScout Systems worth $41,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTCT. Quarry LP grew its holdings in shares of NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company's stock worth $33,000 after purchasing an additional 1,150 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in NetScout Systems in the 2nd quarter valued at about $38,000. 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 acquiring an additional 477 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of NetScout Systems during the second quarter worth approximately $60,000. Finally, KBC Group NV grew its stake in shares of NetScout Systems by 52.4% during the third quarter. KBC Group NV now owns 3,100 shares of the technology company's stock valued at $67,000 after purchasing an additional 1,066 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 Trading Up 1.8 %

NTCT stock traded up $0.39 during midday trading on Wednesday, reaching $21.93. The stock had a trading volume of 133,586 shares, compared to its average volume of 611,463. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $24.42. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -2.61 and a beta of 0.58. The business has a fifty day simple moving average of $21.84 and a two-hundred day simple moving average of $20.43.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the firm's stock in a transaction dated 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 owns 42,489 shares in the company, valued at approximately $905,865.48. This trade represents a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Company 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.