Intech Investment Management LLC Invests $456,000 in NetScout Systems, Inc. (NASDAQ:NTCT)

Intech Investment Management LLC bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,971 shares of the technology company’s stock, valued at approximately $456,000.

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

NetScout Systems Stock Up 2.2 %

Shares of NASDAQ:NTCT opened at $22.37 on Tuesday. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $24.42. The company has a market capitalization of $1.60 billion, a P/E ratio of -2.60 and a beta of 0.58. The stock’s fifty day simple moving average is $21.44 and its 200-day simple moving average is $20.18. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05.

Insider Activity at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 42,489 shares of the company’s stock, valued at approximately $905,865.48. This represents a 13.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.71% of the stock is owned by 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.