NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,929,551 shares of the technology company’s stock after acquiring an additional 81,154 shares during the period. Geode Capital Management LLC owned approximately 2.69% of NetScout Systems worth $41,975,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. D. E. Shaw & Co. Inc. grew its holdings in NetScout Systems by 2.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company’s stock worth $23,333,000 after acquiring an additional 35,811 shares during the period. Impax Asset Management Group plc grew its stake in shares of NetScout Systems by 32.0% during the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock worth $10,766,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. grew its position in NetScout Systems by 24.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock valued at $22,916,000 after buying an additional 207,171 shares during the period. Weiss Asset Management LP acquired a new position in shares of NetScout Systems in the third quarter worth about $1,783,000. Finally, Citigroup Inc. raised its holdings in NetScout Systems by 28.4% in the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock worth $3,551,000 after purchasing an additional 36,075 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated 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 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 the SEC website. 3.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $21.93 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $24.42. The firm has a market cap of $1.57 billion, a P/E ratio of -2.61 and a beta of 0.58. The stock has a 50 day moving average of $21.83 and a two-hundred day moving average of $20.42.

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.