Signaturefd LLC Increases Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Signaturefd LLC raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 3,236.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,268 shares of the technology company’s stock after purchasing an additional 1,230 shares during the period. Signaturefd LLC’s holdings in NetScout Systems were worth $28,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of NetScout Systems by 409.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,187 shares in the last quarter. Covestor Ltd increased its stake in shares of NetScout Systems by 38.4% during the third quarter. Covestor Ltd now owns 1,952 shares of the technology company’s stock valued at $54,000 after purchasing an additional 542 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of NetScout Systems during the third quarter valued at approximately $231,000. HighTower Advisors LLC bought a new position in shares of NetScout Systems during the third quarter valued at approximately $247,000. Finally, Watershed Asset Management L.L.C. increased its stake in shares of NetScout Systems by 7.6% during the third quarter. Watershed Asset Management L.L.C. now owns 9,935 shares of the technology company’s stock valued at $278,000 after purchasing an additional 703 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of NetScout Systems from a “c” rating to a “d+” rating in a research note on Thursday, January 25th.

NetScout Systems Price Performance

Shares of NTCT opened at $20.09 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of -11.89 and a beta of 0.66. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $20.98 and a 200 day moving average of $21.38. NetScout Systems, Inc. has a twelve month low of $18.77 and a twelve month high of $31.66.

Insider Activity at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $21.93, for a total transaction of $65,790.00. Following the completion of the sale, the executive vice president now owns 111,115 shares of the company’s stock, valued at $2,436,751.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.59% of the stock is owned by insiders.

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.