Jane Street Group LLC Has $8.37 Million Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Jane Street Group LLC raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,598 shares of the technology company's stock after acquiring an additional 43,200 shares during the quarter. Jane Street Group LLC owned approximately 0.54% of NetScout Systems worth $8,365,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NTCT. Wedge Capital Management L L P NC grew its stake in NetScout Systems by 8.8% in the second quarter. Wedge Capital Management L L P NC now owns 61,877 shares of the technology company's stock valued at $1,132,000 after purchasing an additional 5,010 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NetScout Systems by 74.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company's stock valued at $15,481,000 after buying an additional 361,245 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in NetScout Systems by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company's stock worth $657,000 after buying an additional 700 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in NetScout Systems by 37.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 15,872 shares of the technology company's stock valued at $293,000 after acquiring an additional 4,333 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NetScout Systems by 34.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,475 shares of the technology company's stock valued at $301,000 after acquiring an additional 4,233 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Analysts Set New Price Targets

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

NetScout Systems Stock Down 3.1 %

Shares of NASDAQ NTCT traded down $0.72 during mid-day trading on Friday, reaching $22.38. 303,641 shares of the company traded hands, compared to its average volume of 614,636. The company's fifty day moving average is $21.71 and its two-hundred day moving average is $20.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. 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 market cap of $1.61 billion, a PE ratio of -2.66 and a beta of 0.58.

Insider Buying and Selling

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of NetScout Systems 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 transaction, the chief operating officer now directly owns 42,489 shares of the company's stock, valued at $905,865.48. The trade was a 13.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.71% of the stock is owned by 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.