Robeco Institutional Asset Management B.V. bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 302,278 shares of the technology company’s stock, valued at approximately $9,468,000.
A number of other large investors also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of NetScout Systems during the third quarter worth about $636,000. Captrust Financial Advisors lifted its position in shares of NetScout Systems by 15.7% during the third quarter. Captrust Financial Advisors now owns 27,613 shares of the technology company’s stock worth $865,000 after purchasing an additional 3,737 shares in the last quarter. Jane Street Group LLC lifted its position in shares of NetScout Systems by 169.4% during the third quarter. Jane Street Group LLC now owns 36,757 shares of the technology company’s stock worth $1,151,000 after purchasing an additional 23,113 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its position in shares of NetScout Systems by 20.7% during the third quarter. BNP Paribas Arbitrage SNC now owns 145,748 shares of the technology company’s stock worth $4,565,000 after purchasing an additional 25,042 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of NetScout Systems during the third quarter worth about $516,000. Institutional investors and hedge funds own 94.36% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of NetScout Systems in a research report on Thursday. They set a “strong-buy” rating on the stock. Piper Sandler reduced their target price on shares of NetScout Systems from $31.00 to $30.00 in a report on Tuesday, January 17th.
Insider Activity at NetScout Systems
NetScout Systems Stock Down 0.4 %
Shares of NASDAQ:NTCT opened at $27.75 on Friday. The firm’s 50 day moving average price is $30.13 and its 200 day moving average price is $32.44. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70. NetScout Systems, Inc. has a fifty-two week low of $26.68 and a fifty-two week high of $38.02. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.10.
About NetScout Systems
NetScout Systems, Inc engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies and telecommunication service providers. The company was founded by Anil K. Singhal and Narendra Popat in June 1984 and is headquartered in Westford, MA.
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