Victory Capital Management Inc. Sells 29,164 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Victory Capital Management Inc. cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,924 shares of the technology company's stock after selling 29,164 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of NetScout Systems worth $1,129,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NTCT. Assenagon Asset Management S.A. boosted its holdings in NetScout Systems by 74.5% in the second quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company's stock worth $15,481,000 after acquiring an additional 361,245 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of NetScout Systems by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company's stock worth $201,602,000 after purchasing an additional 223,975 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in 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 valued at $23,333,000 after purchasing an additional 35,811 shares during the period. Impax Asset Management Group plc raised its holdings in NetScout Systems by 32.0% during the third quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company's stock worth $10,766,000 after buying an additional 120,000 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in shares of NetScout Systems in the 2nd quarter worth about $1,702,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Trading Down 0.3 %

NTCT stock traded down $0.07 during mid-day trading on Wednesday, reaching $22.04. 39,381 shares of the company traded hands, compared to its average volume of 623,416. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The firm's 50 day moving average price is $21.33 and its 200 day moving average price is $20.14. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total value 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 trade represents a 13.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.