Aigen Investment Management LP Sells 21,156 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Aigen Investment Management LP lessened its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 52.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,929 shares of the technology company’s stock after selling 21,156 shares during the period. Aigen Investment Management LP’s holdings in NetScout Systems were worth $412,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its holdings in NetScout Systems by 3.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock worth $340,000 after acquiring an additional 527 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in NetScout Systems by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company’s stock worth $657,000 after acquiring an additional 700 shares during the last quarter. Covestor Ltd lifted its position in NetScout Systems by 25.7% in the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock valued at $78,000 after acquiring an additional 737 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of NetScout Systems by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company’s stock worth $356,000 after purchasing an additional 759 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of NetScout Systems by 5.8% in the 1st quarter. ProShare Advisors LLC now owns 13,822 shares of the technology company’s stock worth $302,000 after purchasing an additional 762 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NTCT has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of NetScout Systems in a report on Friday, July 26th. StockNews.com downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

NetScout Systems Price Performance

NASDAQ NTCT opened at $22.42 on Friday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week 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 company has a market capitalization of $1.61 billion, a PE ratio of -2.67 and a beta of 0.58. The business’s fifty day moving average is $21.04 and its 200 day moving average is $20.06.

Insider Buying and Selling

In related news, insider Jean A. Bua sold 19,205 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the transaction, the insider now directly owns 78,598 shares of the company’s stock, valued at approximately $1,601,041.26. This trade represents a 19.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total transaction of $138,580.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,205 shares of company stock valued at $652,051. 3.71% of the stock is owned by corporate insiders.

About NetScout Systems

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.