Pacer Advisors Inc. Raises Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Pacer Advisors Inc. lifted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 224,935.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,056,827 shares of the technology company's stock after purchasing an additional 2,055,913 shares during the quarter. Pacer Advisors Inc. owned 2.87% of NetScout Systems worth $44,736,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NTCT. Meeder Asset Management Inc. purchased a new position in NetScout Systems in the 2nd quarter worth approximately $38,000. Innealta Capital LLC purchased a new stake in NetScout Systems during the second quarter valued at about $60,000. KBC Group NV raised its holdings in shares of NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company's stock valued at $67,000 after buying an additional 1,066 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at $69,000. Finally, Quest Partners LLC bought a new stake in NetScout Systems in the second quarter worth $73,000. 91.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated a "sector perform" rating and set a $22.00 price target on shares of NetScout Systems in a research report on Friday, July 26th.

NetScout Systems Trading Up 1.2 %

NTCT traded up $0.25 during trading on Friday, hitting $21.81. 365,181 shares of the stock traded hands, compared to its average volume of 627,593. The firm has a market capitalization of $1.56 billion, a P/E ratio of -2.60 and a beta of 0.58. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $24.42. 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 has a 50-day moving average of $21.28 and a 200 day moving average of $20.13.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems 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 transaction of $138,580.00. Following the transaction, the chief operating officer now directly owns 42,489 shares of the company's stock, valued at approximately $905,865.48. The trade was a 13.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.71% of the stock is currently owned by corporate insiders.

About NetScout Systems

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.