Gladius Capital Management LP Cuts Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Gladius Capital Management LP lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 57.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,609 shares of the technology company’s stock after selling 2,145 shares during the period. Gladius Capital Management LP’s holdings in NetScout Systems were worth $35,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in NetScout Systems in the second quarter worth about $38,000. KBC Group NV lifted its stake in shares of NetScout Systems by 52.4% in the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,066 shares during the period. Innealta Capital LLC purchased a new position in shares of NetScout Systems in the 2nd quarter valued at approximately $60,000. Covestor Ltd boosted its position in shares of NetScout Systems by 25.7% during the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock valued at $78,000 after purchasing an additional 737 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in NetScout Systems in the second quarter worth $73,000. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NetScout Systems stock opened at $21.86 on Friday. The stock’s 50 day moving average is $21.07 and its 200 day moving average is $20.08. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month 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.

Insider Activity at NetScout Systems

In related news, insider Jean A. Bua sold 19,205 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total transaction of $391,205.85. Following the sale, the insider now directly owns 78,598 shares of the company’s stock, valued at $1,601,041.26. This trade represents a 19.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the transaction, the chief operating officer now directly owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. This trade represents a 13.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,205 shares of company stock valued at $652,051. 3.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NTCT. StockNews.com lowered NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price target on shares of NetScout Systems in a research 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.