The Manufacturers Life Insurance Company Grows Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

The Manufacturers Life Insurance Company boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,726 shares of the technology company’s stock after purchasing an additional 1,995 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NetScout Systems were worth $799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. NorthCrest Asset Manangement LLC raised its position in NetScout Systems by 3.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock worth $340,000 after buying an additional 527 shares during the last quarter. Natixis Advisors LLC raised its position in NetScout Systems by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock worth $615,000 after buying an additional 606 shares during the last quarter. Louisiana State Employees Retirement System raised its position in NetScout Systems by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company’s stock worth $657,000 after buying an additional 700 shares during the last quarter. Covestor Ltd raised its position in 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 buying an additional 737 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in NetScout Systems by 4.1% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

Shares of NTCT opened at $22.38 on Friday. The company has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $20.30. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.61 billion, a PE ratio of -2.66 and a beta of 0.58. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $24.42.

Analyst Ratings Changes

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

Insider Activity

In other 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 transaction, the chief operating officer now owns 42,489 shares in the company, valued at $905,865.48. This trade represents a 13.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.71% of the company’s stock.

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.