Captrust Financial Advisors Grows Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Captrust Financial Advisors grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,217 shares of the technology company’s stock after purchasing an additional 1,539 shares during the period. Captrust Financial Advisors’ holdings in NetScout Systems were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTCT. FMR LLC boosted its position in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after purchasing an additional 477 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in NetScout Systems during the second quarter valued at about $38,000. KBC Group NV boosted its position in NetScout Systems by 52.4% during the third 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 in the last quarter. Innealta Capital LLC bought a new stake in NetScout Systems during the second quarter valued at about $60,000. Finally, Covestor Ltd boosted its position in 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. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insiders Place Their Bets

In other news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was 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 directly owns 42,489 shares in the company, valued at $905,865.48. This trade represents a 13.27 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

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

NetScout Systems Price Performance

Shares of NASDAQ NTCT opened at $23.10 on Friday. 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 company has a market cap of $1.66 billion, a PE ratio of -2.75 and a beta of 0.58. The business has a 50-day simple moving average of $21.68 and a two-hundred day simple moving average of $20.29. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.42.

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.