NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 40.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,598 shares of the technology company’s stock after selling 32,464 shares during the period. PDT Partners LLC owned approximately 0.07% of NetScout Systems worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of NetScout Systems by 32.1% in 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 during the period. NorthCrest Asset Manangement LLC raised its position in 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 buying an additional 527 shares during the last quarter. Natixis Advisors LLC lifted its stake in NetScout Systems by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock valued at $615,000 after acquiring an additional 606 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of NetScout Systems by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company’s stock worth $657,000 after acquiring an additional 700 shares during the period. Finally, Covestor Ltd raised its holdings in shares of 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 purchasing an additional 737 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the sale, the chief operating officer now owns 43,434 shares in the company, valued at approximately $816,993.54. This represents a 13.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.71% of the company’s stock.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $21.88 on Monday. The firm’s fifty day moving average is $21.44 and its two-hundred day moving average is $20.19. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $24.42.

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.