NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,598 shares of the technology company’s stock after purchasing an additional 43,200 shares during the quarter. Jane Street Group LLC owned about 0.54% of NetScout Systems worth $8,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTCT. Pacer Advisors Inc. raised its position in shares of NetScout Systems by 224,935.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after buying an additional 2,055,913 shares in the last quarter. Millennium Management LLC raised its holdings in NetScout Systems by 375.3% during the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock worth $20,128,000 after purchasing an additional 868,955 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in NetScout Systems by 74.5% in the second quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock worth $15,481,000 after purchasing an additional 361,245 shares during the period. Cubist Systematic Strategies LLC bought a new position in NetScout Systems during the 2nd quarter valued at $6,015,000. Finally, Acadian Asset Management LLC increased its position in shares of 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 purchasing an additional 196,218 shares during the period. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 3.1 %

NTCT stock opened at $22.38 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of -2.66 and a beta of 0.58. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $24.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $21.71 and a 200 day simple moving average of $20.30.

Insider Buying and Selling at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems 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 in the company, valued at $905,865.48. The trade was a 13.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

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.