NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 22.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,208 shares of the technology company’s stock after acquiring an additional 5,446 shares during the period. Verition Fund Management LLC’s holdings in NetScout Systems were worth $635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its position in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after acquiring an additional 477 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of NetScout Systems by 3.5% during 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 lifted its stake in NetScout Systems by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock valued at $615,000 after buying an additional 606 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings 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 buying an additional 700 shares during the last quarter. Finally, Covestor Ltd increased its position in NetScout Systems by 25.7% during the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock worth $78,000 after buying an additional 737 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $22.77 on Wednesday. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42. The firm has a 50 day simple moving average of $21.60 and a 200-day simple moving average of $20.25. The firm has a market cap of $1.63 billion, a PE ratio of -2.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction dated Wednesday, October 30th. The stock was 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 $905,865.48. The trade was a 13.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

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.