Charles Schwab Investment Management Inc. Acquires 60,772 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Charles Schwab Investment Management Inc. lifted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 977,483 shares of the technology company’s stock after purchasing an additional 60,772 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NetScout Systems were worth $21,456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NTCT. Semanteon Capital Management LP bought a new position in shares of NetScout Systems in the 4th quarter worth $502,000. State of New Jersey Common Pension Fund D increased its stake in NetScout Systems by 42.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 124,379 shares of the technology company’s stock valued at $2,730,000 after acquiring an additional 36,992 shares during the last quarter. New York State Common Retirement Fund raised its position in NetScout Systems by 62.7% during the fourth quarter. New York State Common Retirement Fund now owns 45,811 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 17,653 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of NetScout Systems by 4.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 40,944 shares of the technology company’s stock worth $899,000 after purchasing an additional 1,920 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of NetScout Systems by 18.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 38,778 shares of the technology company’s stock valued at $851,000 after purchasing an additional 5,991 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $20.73 on Friday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -9.87 and a beta of 0.66. The business has a 50 day moving average of $20.48 and a 200 day moving average of $21.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.70 and a quick ratio of 1.67. NetScout Systems, Inc. has a 1-year low of $18.60 and a 1-year high of $31.50.

Insiders Place Their Bets

In related news, COO Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total transaction of $102,050.00. Following the transaction, the chief operating officer now owns 21,084 shares of the company’s stock, valued at approximately $430,324.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.59% of the company’s stock.

NetScout Systems Company Profile

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.