NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 56.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 594,954 shares of the technology company’s stock after selling 774,572 shares during the period. Alyeska Investment Group L.P. owned approximately 0.83% of NetScout Systems worth $12,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of NetScout Systems by 55.0% in the fourth quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company’s stock worth $1,744,000 after acquiring an additional 28,583 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NetScout Systems by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company’s stock worth $27,100,000 after purchasing an additional 85,713 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NetScout Systems by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company’s stock valued at $202,597,000 after purchasing an additional 64,475 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of NetScout Systems by 4.9% during the 4th quarter. Empowered Funds LLC now owns 43,148 shares of the technology company’s stock valued at $935,000 after buying an additional 2,008 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NetScout Systems by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company’s stock worth $7,530,000 after buying an additional 11,617 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity

In other news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the completion of the transaction, the insider now directly owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now owns 130,352 shares in the company, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.71% of the company’s stock.

NetScout Systems Stock Down 0.1 %

Shares of NetScout Systems stock opened at $21.11 on Tuesday. The business has a 50-day moving average price of $20.87 and a 200 day moving average price of $21.85. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The firm has a market cap of $1.51 billion, a P/E ratio of -3.60 and a beta of 0.62. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price objective on shares of NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st.

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.