State Street Corp Grows Position in NetScout Systems, Inc. (NASDAQ:NTCT)

State Street Corp increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,098,279 shares of the technology company's stock after buying an additional 109,569 shares during the quarter. State Street Corp owned 4.32% of NetScout Systems worth $67,388,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in NetScout Systems by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company's stock valued at $657,000 after purchasing an additional 700 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of NetScout Systems by 37.6% during the 2nd 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in NetScout Systems by 34.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,475 shares of the technology company's stock worth $301,000 after acquiring an additional 4,233 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in NetScout Systems by 1.6% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 209,610 shares of the technology company's stock worth $3,834,000 after acquiring an additional 3,221 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in NetScout Systems during the 2nd quarter worth approximately $892,000. 91.64% of the stock is currently owned by institutional investors.

Insider Activity at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total transaction of $138,580.00. Following the completion of the transaction, the chief operating officer now directly owns 42,489 shares of the company's stock, valued at approximately $905,865.48. This trade represents a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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 Price Performance

Shares of NetScout Systems stock traded down $0.86 during trading hours on Wednesday, hitting $21.51. The company's stock had a trading volume of 598,901 shares, compared to its average volume of 612,057. The company has a market cap of $1.54 billion, a PE ratio of -2.56 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. The business has a 50 day moving average price of $21.82 and a two-hundred day moving average price of $20.33. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $24.42.

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.