Charles Schwab Investment Management Inc. Has $25.35 Million Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Charles Schwab Investment Management Inc. grew its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,165,443 shares of the technology company’s stock after acquiring an additional 108,258 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.63% of NetScout Systems worth $25,348,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of NetScout Systems during the second quarter worth about $38,000. Innealta Capital LLC bought a new stake in shares of NetScout Systems during the second quarter worth about $60,000. KBC Group NV grew its holdings in shares of NetScout Systems by 52.4% during the third 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 last quarter. Gladius Capital Management LP bought a new stake in shares of NetScout Systems during the second quarter worth about $69,000. Finally, Quest Partners LLC bought a new stake in shares of NetScout Systems during the second quarter worth about $73,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions 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 value of $138,580.00. Following the sale, the chief operating officer now directly owns 42,489 shares in the company, 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 hyperlink. Company insiders own 3.71% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $22.49 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of -2.68 and a beta of 0.58. 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 stock’s 50-day moving average is $21.51 and its 200-day moving average is $20.22. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42.

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.