Quantbot Technologies LP Trims Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Quantbot Technologies LP reduced its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 81.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,197 shares of the technology company's stock after selling 85,502 shares during the quarter. Quantbot Technologies LP's holdings in NetScout Systems were worth $418,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of NetScout Systems during the second quarter valued at approximately $38,000. KBC Group NV boosted its position 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 in the last quarter. Innealta Capital LLC bought a new stake in shares of NetScout Systems during the second quarter valued at approximately $60,000. Covestor Ltd boosted its position in shares of NetScout Systems by 25.7% during the third quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock valued at $78,000 after purchasing an additional 737 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of NetScout Systems during the second quarter valued at approximately $69,000. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Stock Up 3.5 %

Shares of NASDAQ NTCT traded up $0.77 during mid-day trading on Wednesday, hitting $22.90. 438,945 shares of the stock traded hands, compared to its average volume of 619,216. 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 stock has a fifty day moving average price of $21.47 and a 200-day moving average price of $20.20. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $24.42. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -2.63 and a beta of 0.58.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the completion of the sale, the chief operating officer now owns 42,489 shares in the company, valued at approximately $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.71% of the company's stock.

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.