PDT Partners LLC Trims Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

PDT Partners LLC trimmed its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 40.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,598 shares of the technology company's stock after selling 32,464 shares during the quarter. PDT Partners LLC owned about 0.07% of NetScout Systems worth $1,035,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings 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 valued at $44,736,000 after buying an additional 2,055,913 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of NetScout Systems by 2.9% in 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 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company's stock worth $25,348,000 after purchasing an additional 108,258 shares during the period. Millennium Management LLC raised its holdings in NetScout Systems by 375.3% in the 2nd quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company's stock worth $20,128,000 after purchasing an additional 868,955 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in NetScout Systems by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company's stock worth $22,916,000 after buying an additional 207,171 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Price Performance

Shares of NTCT stock traded up $0.49 on Monday, hitting $22.37. 383,368 shares of the stock traded hands, compared to its average volume of 621,458. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $24.42. The firm has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $20.18. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -2.60 and a beta of 0.58.

Insider Transactions at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total value of $138,580.00. Following the transaction, the chief operating officer now owns 42,489 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.71% of the company's stock.

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.