Walleye Capital LLC Sells 130,785 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Walleye Capital LLC trimmed its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 54.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,225 shares of the technology company's stock after selling 130,785 shares during the period. Walleye Capital LLC owned about 0.15% of NetScout Systems worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NTCT. FMR LLC boosted its holdings in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after purchasing an additional 477 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position 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 during the last quarter. Natixis Advisors LLC raised its position in NetScout Systems by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company's stock worth $615,000 after purchasing an additional 606 shares during the last quarter. Louisiana State Employees Retirement System raised its position in NetScout Systems by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company's stock worth $657,000 after purchasing an additional 700 shares during the last quarter. Finally, Covestor Ltd raised its position in NetScout Systems by 25.7% in the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock worth $78,000 after purchasing an additional 737 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the transaction, the chief operating officer now owns 43,434 shares of the company's stock, valued at $816,993.54. The trade was a 13.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.71% of the company's stock.

NetScout Systems Trading Up 3.5 %

Shares of NetScout Systems stock traded up $0.77 on Wednesday, hitting $22.90. 438,945 shares of the company's stock traded hands, compared to its average volume of 619,215. The firm's 50-day moving average price is $21.47 and its two-hundred day moving average price is $20.20. The stock has a market capitalization of $1.64 billion, a PE ratio of -2.63 and a beta of 0.58. NetScout Systems, Inc. has a one year low of $17.10 and a one year 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.

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.