The Manufacturers Life Insurance Company Increases Position in NetScout Systems, Inc. (NASDAQ:NTCT)

The Manufacturers Life Insurance Company raised its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,726 shares of the technology company’s stock after purchasing an additional 1,995 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of NetScout Systems worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NTCT. Pacer Advisors Inc. increased its position in shares of NetScout Systems by 224,935.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock valued at $44,736,000 after purchasing an additional 2,055,913 shares during the last quarter. Millennium Management LLC increased its position in shares of NetScout Systems by 375.3% in the 2nd quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock valued at $20,128,000 after purchasing an additional 868,955 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of NetScout Systems by 74.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock valued at $15,481,000 after purchasing an additional 361,245 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at approximately $6,015,000. Finally, Acadian Asset Management LLC increased its position in shares of NetScout Systems by 181.1% in the 2nd quarter. Acadian Asset Management LLC now owns 304,583 shares of the technology company’s stock valued at $5,565,000 after purchasing an additional 196,218 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Michael Szabados sold 6,500 shares of the company’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 completion of the sale, the chief operating officer now owns 42,489 shares in the company, valued at $905,865.48. This represents a 13.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

NetScout Systems Stock Down 3.1 %

NTCT opened at $22.38 on Friday. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $24.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. The stock has a market capitalization of $1.61 billion, a P/E ratio of -2.66 and a beta of 0.58. The business’s 50-day simple moving average is $21.71 and its 200-day simple moving average is $20.30.

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.