World Investment Advisors LLC Takes Position in NetScout Systems, Inc. (NASDAQ:NTCT)

World Investment Advisors LLC purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,702 shares of the technology company’s stock, valued at approximately $298,000.

A number of other institutional investors have also recently added to or reduced their stakes in NTCT. State Street Corp grew its position in shares of NetScout Systems by 3.7% during the third quarter. State Street Corp now owns 3,098,279 shares of the technology company’s stock worth $67,388,000 after buying an additional 109,569 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of NetScout Systems by 224,935.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after purchasing an additional 2,055,913 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NetScout Systems by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock valued at $41,975,000 after purchasing an additional 81,154 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of NetScout Systems by 2.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company’s stock worth $23,333,000 after purchasing an additional 35,811 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in NetScout Systems by 10.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company’s stock worth $25,348,000 after purchasing an additional 108,258 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred on 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. The trade was a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.71% of the company’s stock.

NetScout Systems Stock Down 3.8 %

NTCT stock opened at $21.51 on Thursday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -2.56 and a beta of 0.58. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42. The firm has a fifty day moving average price of $21.82 and a two-hundred day moving average price of $20.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63.

NetScout Systems 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.