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

Geode Capital Management LLC boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 4.4% during the third quarter, HoldingsChannel reports. The fund owned 1,929,551 shares of the technology company’s stock after buying an additional 81,154 shares during the period. Geode Capital Management LLC’s holdings in NetScout Systems were worth $41,975,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in NetScout Systems by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company’s stock worth $657,000 after purchasing an additional 700 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in NetScout Systems by 37.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 15,872 shares of the technology company’s stock worth $293,000 after purchasing an additional 4,333 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NetScout Systems by 34.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,475 shares of the technology company’s stock worth $301,000 after purchasing an additional 4,233 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of NetScout Systems in the second quarter valued at approximately $892,000. Finally, Innealta Capital LLC purchased a new position in shares of NetScout Systems in the second quarter valued at approximately $60,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 42,489 shares of the company’s stock, valued at approximately $905,865.48. This represents a 13.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.71% of the company’s stock.

NetScout Systems Price Performance

Shares of NASDAQ NTCT opened at $21.93 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -2.61 and a beta of 0.58. The stock’s 50-day moving average is $21.83 and its two-hundred day moving average is $20.42. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42.

Analysts Set New Price Targets

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

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.