Versor Investments LP Purchases New Shares in NetScout Systems, Inc. (NASDAQ:NTCT)

Versor Investments LP purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,533 shares of the technology company’s stock, valued at approximately $447,000.

Several other hedge funds have also made changes to their positions in NTCT. BNP Paribas Financial Markets increased its holdings in shares of NetScout Systems by 57.8% in the 1st quarter. BNP Paribas Financial Markets now owns 53,664 shares of the technology company’s stock valued at $1,172,000 after purchasing an additional 19,665 shares during the period. Texas Permanent School Fund Corp lifted its position in NetScout Systems by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 62,169 shares of the technology company’s stock worth $1,358,000 after buying an additional 839 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of NetScout Systems by 34,572.1% during the 1st quarter. Russell Investments Group Ltd. now owns 14,909 shares of the technology company’s stock valued at $326,000 after buying an additional 14,866 shares during the period. ProShare Advisors LLC grew its holdings in shares of NetScout Systems by 5.8% during the 1st quarter. ProShare Advisors LLC now owns 13,822 shares of the technology company’s stock valued at $302,000 after acquiring an additional 762 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of NetScout Systems by 28.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,939 shares of the technology company’s stock worth $545,000 after acquiring an additional 5,460 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 19,205 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total transaction of $391,205.85. Following the transaction, the insider now owns 78,598 shares in the company, valued at $1,601,041.26. This trade represents a 19.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 in the company, valued at approximately $905,865.48. This represents a 13.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,205 shares of company stock worth $652,051 over the last three months. Corporate insiders own 3.71% of the company’s stock.

NetScout Systems Stock Down 1.5 %

NTCT stock opened at $22.42 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of -2.67 and a beta of 0.58. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $24.42. The company has a fifty day simple moving average of $21.04 and a 200 day simple moving average of $20.06. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

NTCT has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of NetScout Systems in a research note on Friday, July 26th. StockNews.com cut NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th.

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.