KBC Group NV Boosts Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

KBC Group NV raised its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 52.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the technology company’s stock after acquiring an additional 1,066 shares during the quarter. KBC Group NV’s holdings in NetScout Systems were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NorthCrest Asset Manangement LLC boosted its position in NetScout Systems by 3.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock valued at $340,000 after purchasing an additional 527 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of 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 buying an additional 700 shares during the last quarter. Covestor Ltd raised its stake in shares of NetScout Systems by 25.7% during the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock worth $78,000 after acquiring an additional 737 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in NetScout Systems by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company’s stock valued at $356,000 after acquiring an additional 759 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in NetScout Systems by 5.8% in the first 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. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Price Performance

NASDAQ NTCT opened at $21.81 on Friday. The firm’s fifty day simple moving average is $21.28 and its two-hundred day simple moving average is $20.13. The firm has a market capitalization of $1.56 billion, a P/E ratio of -2.60 and a beta of 0.58. 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.

Insider Buying and Selling

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the sale, the chief operating officer now directly owns 43,434 shares in the company, valued at approximately $816,993.54. This trade represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.71% of the stock is owned by company insiders.

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.