Impax Asset Management Group plc Purchases 120,000 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Impax Asset Management Group plc grew its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 32.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,000 shares of the technology company’s stock after purchasing an additional 120,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.69% of NetScout Systems worth $10,766,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NTCT. Millennium Management LLC increased its position in shares of NetScout Systems by 375.3% during the 2nd quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock valued at $20,128,000 after purchasing an additional 868,955 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in NetScout Systems by 74.5% during 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 period. Cubist Systematic Strategies LLC purchased a new stake in NetScout Systems during the 2nd quarter valued at about $6,015,000. Vanguard Group Inc. boosted its holdings in NetScout Systems by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after acquiring an additional 223,975 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in NetScout Systems by 181.1% during the 2nd quarter. Acadian Asset Management LLC now owns 304,583 shares of the technology company’s stock valued at $5,565,000 after acquiring an additional 196,218 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jean A. Bua sold 19,205 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the transaction, the insider now owns 78,598 shares in the company, valued at $1,601,041.26. This trade represents a 19.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 32,205 shares of company stock worth $652,051. 3.71% of the stock is currently owned by company insiders.

NetScout Systems Trading Down 2.5 %

NASDAQ NTCT opened at $21.86 on Friday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. The stock has a 50 day simple moving average of $21.07 and a two-hundred day simple moving average of $20.07. The stock has a market cap of $1.57 billion, a P/E ratio of -2.60 and a beta of 0.58.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NTCT shares. StockNews.com cut NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 target price on shares of NetScout Systems in a report on Friday, July 26th.

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.