Thrivent Financial for Lutherans Sells 3,280 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Thrivent Financial for Lutherans lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,006 shares of the technology company’s stock after selling 3,280 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of NetScout Systems worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. NorthCrest Asset Manangement LLC lifted its holdings in shares of NetScout Systems by 3.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock worth $340,000 after purchasing an additional 527 shares in the last quarter. Natixis Advisors LLC raised its holdings in NetScout Systems by 2.2% during the third quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock worth $615,000 after buying an additional 606 shares during the last quarter. Louisiana State Employees Retirement System lifted 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 valued at $657,000 after buying an additional 700 shares in the last quarter. Covestor Ltd grew 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 valued at $78,000 after buying an additional 737 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of 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 buying an additional 759 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Trading Down 0.6 %

NTCT opened at $21.88 on Monday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42. The firm has a market capitalization of $1.57 billion, a PE ratio of -2.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The company’s 50-day moving average is $21.44 and its 200 day moving average is $20.19.

Insider Buying and Selling

In related news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total transaction of $138,580.00. Following the transaction, the chief operating officer now directly owns 42,489 shares of the company’s stock, valued at $905,865.48. This trade represents a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.71% of the stock is currently 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.