NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 81.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,197 shares of the technology company’s stock after selling 85,502 shares during the quarter. Quantbot Technologies LP’s holdings in NetScout Systems were worth $418,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in NetScout Systems by 5.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,726 shares of the technology company’s stock valued at $799,000 after buying an additional 1,995 shares during the last quarter. Algert Global LLC acquired a new stake in NetScout Systems during the 3rd quarter valued at approximately $2,110,000. Citigroup Inc. increased its holdings in NetScout Systems by 28.4% during the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock worth $3,551,000 after purchasing an additional 36,075 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NetScout Systems by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company’s stock valued at $25,348,000 after buying an additional 108,258 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of NetScout Systems by 224,935.8% in the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after buying an additional 2,055,913 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 1.1 %

NASDAQ NTCT opened at $22.13 on Wednesday. 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 12 month low of $17.10 and a 12 month high of $24.42. The company’s fifty day moving average price is $21.46 and its two-hundred day moving average price is $20.19.

Insider Activity at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.71% of the stock is owned by corporate insiders.

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.