Aigen Investment Management LP Grows Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Aigen Investment Management LP raised its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 230.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,241 shares of the technology company’s stock after purchasing an additional 19,008 shares during the period. Aigen Investment Management LP’s holdings in NetScout Systems were worth $598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in NetScout Systems in the fourth quarter valued at about $10,184,000. First Eagle Investment Management LLC grew its position in shares of NetScout Systems by 39.1% during the fourth quarter. First Eagle Investment Management LLC now owns 178,205 shares of the technology company’s stock worth $3,912,000 after buying an additional 50,100 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of NetScout Systems by 306.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,998 shares of the technology company’s stock worth $44,000 after buying an additional 1,506 shares in the last quarter. Jump Financial LLC bought a new stake in shares of NetScout Systems in the fourth quarter worth $224,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in NetScout Systems by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 977,483 shares of the technology company’s stock valued at $21,456,000 after acquiring an additional 60,772 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $20.41, for a total value of $102,050.00. Following the transaction, the chief operating officer now directly owns 21,084 shares in the company, valued at approximately $430,324.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.59% of the company’s stock.

NetScout Systems Trading Down 0.5 %

Shares of NTCT opened at $21.33 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.70 and a quick ratio of 1.67. NetScout Systems, Inc. has a 1 year low of $18.60 and a 1 year high of $31.50. The firm has a fifty day moving average of $20.58 and a 200-day moving average of $21.18.

Analysts Set New Price Targets

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

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.