Louisiana State Employees Retirement System Cuts Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Louisiana State Employees Retirement System cut its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,500 shares of the technology company’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in NetScout Systems were worth $750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its holdings in shares of NetScout Systems by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company’s stock worth $356,000 after buying an additional 759 shares in the last quarter. ProShare Advisors LLC lifted its stake in NetScout Systems by 5.8% in the 1st quarter. ProShare Advisors LLC now owns 13,822 shares of the technology company’s stock worth $302,000 after purchasing an additional 762 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of NetScout Systems by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 62,169 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 839 shares during the last quarter. Ensign Peak Advisors Inc grew its position in shares of NetScout Systems by 3.3% during the second quarter. Ensign Peak Advisors Inc now owns 26,906 shares of the technology company’s stock valued at $492,000 after purchasing an additional 850 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of NetScout Systems by 2.6% in the second quarter. Hsbc Holdings PLC now owns 38,342 shares of the technology company’s stock worth $710,000 after purchasing an additional 968 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on NTCT shares. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price target on shares of NetScout Systems in a report on Friday, July 26th. StockNews.com cut shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th.

NetScout Systems Stock Down 0.5 %

Shares of NASDAQ:NTCT opened at $20.35 on Tuesday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -2.42 and a beta of 0.58. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 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 company has a 50-day moving average price of $20.84 and a 200 day moving average price of $19.91.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the transaction, the chief operating officer now directly owns 43,434 shares in the company, valued at approximately $816,993.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jean A. Bua sold 19,205 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total transaction of $391,205.85. Following the completion of the sale, the insider now directly owns 78,598 shares of the company’s stock, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,452 shares of company stock worth $736,991. 3.71% of the stock is currently owned by company 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.