Gladius Capital Management LP Reduces Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Gladius Capital Management LP lessened its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 57.1% in the third quarter, Holdings Channel reports. The fund owned 1,609 shares of the technology company’s stock after selling 2,145 shares during the quarter. Gladius Capital Management LP’s holdings in NetScout Systems were worth $35,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of NetScout Systems by 34,572.1% during the 1st quarter. Russell Investments Group Ltd. now owns 14,909 shares of the technology company’s stock valued at $326,000 after purchasing an additional 14,866 shares during the last quarter. ProShare Advisors LLC increased its holdings in NetScout Systems by 5.8% during the first quarter. ProShare Advisors LLC now owns 13,822 shares of the technology company’s stock valued at $302,000 after buying an additional 762 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in NetScout Systems by 28.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,939 shares of the technology company’s stock worth $545,000 after acquiring an additional 5,460 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of NetScout Systems by 134.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,772 shares of the technology company’s stock worth $366,000 after acquiring an additional 9,605 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of NetScout Systems by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after acquiring an additional 223,975 shares during the period. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT opened at $21.86 on Friday. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42. The company has a 50 day simple moving average of $21.07 and a two-hundred day simple moving average of $20.08. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

Several equities analysts recently weighed in on NTCT shares. StockNews.com downgraded NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $22.00 price objective on shares of NetScout Systems in a research note on Friday, July 26th.

Insider Buying and Selling

In other news, insider Jean A. Bua sold 19,205 shares of NetScout Systems stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total transaction of $391,205.85. Following the sale, the insider now owns 78,598 shares in the company, valued at $1,601,041.26. This trade represents a 19.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the completion of the sale, the chief operating officer now owns 43,434 shares in the company, valued at approximately $816,993.54. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,205 shares of company stock valued at $652,051. Company insiders own 3.71% of the company’s stock.

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.