NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,727 shares of the technology company’s stock after selling 1,012 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NetScout Systems were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in NetScout Systems in the second quarter valued at $38,000. Innealta Capital LLC purchased a new position in shares of NetScout Systems during the second quarter worth about $60,000. KBC Group NV increased its position in NetScout Systems by 52.4% in the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,066 shares during the period. Gladius Capital Management LP purchased a new stake in NetScout Systems during the 2nd quarter valued at approximately $69,000. Finally, Quest Partners LLC acquired a new stake in NetScout Systems during the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the transaction, the chief operating officer now owns 42,489 shares of the company’s stock, valued at $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.71% of the stock is currently owned by corporate insiders.

NetScout Systems Trading Down 0.6 %

Shares of NTCT stock opened at $21.88 on Friday. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $24.42. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $21.42 and its two-hundred day moving average is $20.18. The company has a market capitalization of $1.57 billion, a P/E ratio of -2.61 and a beta of 0.58.

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.