NetScout Systems, Inc. (NASDAQ:NTCT) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 224,935.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,056,827 shares of the technology company’s stock after acquiring an additional 2,055,913 shares during the quarter. Pacer Advisors Inc.’s holdings in NetScout Systems were worth $44,736,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTCT. Meeder Asset Management Inc. acquired a new position in shares of NetScout Systems during the 2nd quarter valued at $38,000. Innealta Capital LLC purchased a new stake in shares of NetScout Systems in the second quarter worth about $60,000. KBC Group NV grew its position in NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,066 shares in the last quarter. Gladius Capital Management LP acquired a new position in NetScout Systems in the 2nd quarter worth $69,000. Finally, Quest Partners LLC acquired a new stake in NetScout Systems during the 2nd quarter valued at approximately $73,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $22.00 price objective on shares of NetScout Systems in a research note on Friday, July 26th.

Insider Activity

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems 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 directly owns 42,489 shares of the company’s stock, valued at approximately $905,865.48. The trade was a 13.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.71% of the company’s stock.

NetScout Systems Stock Up 1.5 %

Shares of NetScout Systems stock opened at $21.56 on Friday. 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 business has a 50-day moving average price of $21.24 and a 200 day moving average price of $20.12. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42. The firm has a market cap of $1.55 billion, a P/E ratio of -2.57 and a beta of 0.58.

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.