NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 36.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,924 shares of the technology company’s stock after selling 29,164 shares during the period. Victory Capital Management Inc. owned about 0.07% of NetScout Systems worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NTCT. Russell Investments Group Ltd. lifted its stake in NetScout Systems by 34,572.1% in the first quarter. Russell Investments Group Ltd. now owns 14,909 shares of the technology company’s stock valued at $326,000 after buying an additional 14,866 shares during the last quarter. Vanguard Group Inc. raised its position in NetScout Systems by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after purchasing an additional 223,975 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in NetScout Systems by 5.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 79,170 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 4,037 shares during the period. Price T Rowe Associates Inc. MD grew its position in NetScout Systems by 5.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,401 shares of the technology company’s stock worth $992,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in NetScout Systems in the first quarter valued at $376,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Price Performance

Shares of NTCT opened at $22.11 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. 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 50-day simple moving average of $21.33 and a 200-day simple moving average of $20.14. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -2.63 and a beta of 0.58.

Insiders Place Their Bets

In other news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total value of $138,580.00. Following the completion of the sale, the chief operating officer now owns 42,489 shares in the company, valued at approximately $905,865.48. This trade represents a 13.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.