NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P increased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 390.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 84,337 shares of the technology company’s stock after acquiring an additional 67,125 shares during the period. Martingale Asset Management L P’s holdings in NetScout Systems were worth $1,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in NetScout Systems by 74.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock valued at $15,481,000 after acquiring an additional 361,245 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in NetScout Systems by 2.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company’s stock worth $23,333,000 after buying an additional 35,811 shares during the period. Impax Asset Management Group plc boosted its stake in NetScout Systems by 32.0% in the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock worth $10,766,000 after buying an additional 120,000 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in NetScout Systems in the 2nd quarter valued at about $1,702,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of NetScout Systems during the 2nd quarter valued at about $892,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT opened at $21.88 on Friday. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $24.42. The company’s 50 day simple moving average is $21.44 and its 200 day simple moving average is $20.19. The stock has a market capitalization of $1.57 billion, a PE ratio of -2.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68.

Insiders Place Their Bets

In related news, COO Michael Szabados sold 6,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total value of $138,580.00. Following the transaction, the chief operating officer now directly owns 42,489 shares of the company’s stock, valued at approximately $905,865.48. This trade represents a 13.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.71% of the stock is currently owned by insiders.

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.