Pacer Advisors Inc. Has $43.66 Million Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Pacer Advisors Inc. decreased its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,015,664 shares of the technology company’s stock after selling 41,163 shares during the period. Pacer Advisors Inc. owned approximately 2.81% of NetScout Systems worth $43,659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. KBC Group NV grew its stake 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 worth $97,000 after acquiring an additional 1,398 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of NetScout Systems by 12.4% in the third quarter. Franklin Resources Inc. now owns 65,971 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 7,298 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of NetScout Systems in the third quarter worth $298,000. Hohimer Wealth Management LLC acquired a new stake in shares of NetScout Systems in the third quarter worth $216,000. Finally, Geode Capital Management LLC grew its stake in shares of NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after acquiring an additional 81,154 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insiders Place Their Bets

In other news, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total value of $138,580.00. Following the sale, the chief operating officer now owns 42,489 shares in the company, valued at approximately $905,865.48. The trade was a 13.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.71% of the company’s stock.

NetScout Systems Stock Down 3.3 %

NTCT opened at $22.17 on Tuesday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.32. 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 firm’s fifty day moving average price is $22.03 and its two-hundred day moving average price is $21.02. The company has a market capitalization of $1.59 billion, a P/E ratio of -2.64 and a beta of 0.58.

Wall Street Analyst Weigh In

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

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.