Charles Schwab Investment Management Inc. Buys 108,258 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Charles Schwab Investment Management Inc. raised its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 10.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,165,443 shares of the technology company’s stock after acquiring an additional 108,258 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NetScout Systems were worth $25,348,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NTCT. Meeder Asset Management Inc. acquired a new position in NetScout Systems in the second quarter valued at approximately $38,000. Innealta Capital LLC acquired a new position in NetScout Systems in the second quarter valued at approximately $60,000. KBC Group NV lifted its stake in NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after buying an additional 1,066 shares during the period. Gladius Capital Management LP acquired a new position in NetScout Systems in the second quarter valued at approximately $69,000. Finally, Quest Partners LLC acquired a new position in NetScout Systems in the second quarter valued at approximately $73,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Price Performance

Shares of NTCT opened at $22.49 on Friday. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-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 business’s 50 day moving average price is $21.51 and its two-hundred day moving average price is $20.22. The firm has a market cap of $1.61 billion, a PE ratio of -2.68 and a beta of 0.58.

Insider Buying and Selling at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total transaction of $122,265.00. Following the transaction, the chief operating officer now directly owns 43,434 shares of the company’s stock, valued at $816,993.54. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.