Pacer Advisors Inc. Sells 41,163 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Pacer Advisors Inc. trimmed its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,015,664 shares of the technology company’s stock after selling 41,163 shares during the quarter. Pacer Advisors Inc.’s holdings in NetScout Systems were worth $43,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. KBC Group NV raised its holdings in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after buying an additional 1,398 shares during the last quarter. Franklin Resources Inc. raised its holdings in NetScout Systems by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 65,971 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 7,298 shares during the last quarter. World Investment Advisors LLC bought a new stake in NetScout Systems during the 3rd quarter worth about $298,000. Hohimer Wealth Management LLC bought a new stake in NetScout Systems during the 3rd quarter worth about $216,000. Finally, Geode Capital Management LLC raised its holdings in NetScout Systems by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after purchasing an additional 81,154 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $22.17 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The stock has a market cap of $1.59 billion, a PE ratio of -2.64 and a beta of 0.58. The stock has a 50-day moving average of $22.03 and a 200-day moving average of $21.02. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $24.32.

Analysts Set New Price Targets

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

Insider Activity

In other news, COO Michael Szabados sold 6,500 shares of the company’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 sale, the chief operating officer now directly owns 42,489 shares of the company’s stock, valued at $905,865.48. This represents a 13.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.71% of the stock is currently owned by company insiders.

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.