Public Sector Pension Investment Board Sells 5,800 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Public Sector Pension Investment Board trimmed its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 3.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 151,287 shares of the technology company’s stock after selling 5,800 shares during the period. Public Sector Pension Investment Board’s holdings in NetScout Systems were worth $3,290,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NTCT. Pacer Advisors Inc. boosted its position in NetScout Systems by 224,935.8% during the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock valued at $44,736,000 after purchasing an additional 2,055,913 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of NetScout Systems by 2.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company’s stock worth $23,333,000 after purchasing an additional 35,811 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NetScout Systems by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company’s stock valued at $25,348,000 after buying an additional 108,258 shares during the last quarter. Millennium Management LLC grew its stake in shares of NetScout Systems by 375.3% in the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock valued at $20,128,000 after buying an additional 868,955 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings 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 worth $22,916,000 after buying an additional 207,171 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $22.13 on Wednesday. The firm has a market capitalization of $1.59 billion, a P/E ratio of -2.63 and a beta of 0.58. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $21.46 and its two-hundred day moving average price is $20.19. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $24.42.

Insider Activity

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the completion of the sale, the chief operating officer now owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. The trade was a 13.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.71% of the stock is owned by insiders.

NetScout Systems 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.