Barclays PLC Sells 4,742 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Barclays PLC trimmed its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,276 shares of the technology company’s stock after selling 4,742 shares during the period. Barclays PLC owned about 0.05% of NetScout Systems worth $1,153,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NTCT. Belpointe Asset Management LLC grew its holdings in NetScout Systems by 157.2% during the 1st quarter. Belpointe Asset Management LLC now owns 980 shares of the technology company’s stock valued at $28,000 after purchasing an additional 599 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in NetScout Systems in the 1st quarter worth about $31,000. Lazard Asset Management LLC bought a new position in NetScout Systems in the 1st quarter worth about $48,000. Tower Research Capital LLC TRC grew its stake in NetScout Systems by 158.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,706 shares of the technology company’s stock worth $49,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Bartlett & Co. LLC bought a new position in NetScout Systems in the 2nd quarter worth about $62,000. 91.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $20.21, for a total transaction of $60,630.00. Following the transaction, the executive vice president now directly owns 114,115 shares in the company, valued at $2,306,264.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $20.21, for a total transaction of $60,630.00. Following the transaction, the executive vice president now directly owns 114,115 shares in the company, valued at $2,306,264.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 7,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $27.82, for a total transaction of $194,740.00. Following the transaction, the director now owns 131,298 shares in the company, valued at $3,652,710.36. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

NetScout Systems Price Performance

Shares of NTCT stock opened at $20.26 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.46. The company’s 50-day simple moving average is $24.64 and its two-hundred day simple moving average is $27.73. NetScout Systems, Inc. has a one year low of $19.74 and a one year high of $38.02. The company has a market capitalization of $1.44 billion, a P/E ratio of 22.51 and a beta of 0.75.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th.

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.