Weiss Asset Management LP Makes New $1.78 Million Investment in NetScout Systems, Inc. (NASDAQ:NTCT)

Weiss Asset Management LP bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 81,967 shares of the technology company’s stock, valued at approximately $1,783,000. Weiss Asset Management LP owned approximately 0.11% of NetScout Systems as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NTCT. Quarry LP boosted its holdings in shares of NetScout Systems by 316.8% during the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after buying an additional 1,150 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of NetScout Systems during the 2nd quarter worth $38,000. FMR LLC boosted its holdings in shares of NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after buying an additional 477 shares during the period. Innealta Capital LLC bought a new stake in shares of NetScout Systems during the 2nd quarter worth $60,000. Finally, KBC Group NV boosted its holdings in shares of NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after buying an additional 1,066 shares during the period. 91.64% of the stock is owned by institutional investors.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $22.24 on Friday. The stock has a market cap of $1.60 billion, a P/E ratio of -2.65 and a beta of 0.58. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $24.42. The company has a fifty day moving average price of $21.56 and a 200 day moving average price of $20.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63.

Insider Activity

In related news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total transaction of $138,580.00. Following the completion of the sale, the chief operating officer now owns 42,489 shares in the company, valued at $905,865.48. This trade represents a 13.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.71% of the company’s stock.

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.