NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 28.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,272 shares of the technology company's stock after buying an additional 36,075 shares during the period. Citigroup Inc. owned 0.23% of NetScout Systems worth $3,551,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. NorthCrest Asset Manangement LLC boosted its stake in NetScout Systems by 3.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company's stock worth $340,000 after purchasing an additional 527 shares in the last quarter. Natixis Advisors LLC lifted its stake in NetScout Systems by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company's stock valued at $615,000 after acquiring an additional 606 shares during the period. Louisiana State Employees Retirement System lifted its stake in NetScout Systems by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company's stock valued at $657,000 after acquiring an additional 700 shares during the period. Covestor Ltd lifted its stake in NetScout Systems by 25.7% during the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock valued at $78,000 after acquiring an additional 737 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in NetScout Systems by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company's stock valued at $356,000 after acquiring an additional 759 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Stock Performance

NASDAQ NTCT traded down $0.41 on Thursday, hitting $22.49. 679,281 shares of the company's stock traded hands, compared to its average volume of 619,471. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42. The firm's 50-day moving average price is $21.51 and its two-hundred day moving average price is $20.22. The firm has a market capitalization of $1.61 billion, a PE ratio of -2.73 and a beta of 0.58.

Insider Activity

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred 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 $905,865.48. The trade was a 13.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.