Clark Estates Inc. NY Sells 11,100 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Clark Estates Inc. NY trimmed its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 7.5% in the third quarter, HoldingsChannel.com reports. The fund owned 137,750 shares of the technology company’s stock after selling 11,100 shares during the period. Clark Estates Inc. NY’s holdings in NetScout Systems were worth $2,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NTCT. Meeder Asset Management Inc. purchased a new position in NetScout Systems in the second quarter valued at about $38,000. FMR LLC lifted its stake in shares of NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after buying an additional 477 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of NetScout Systems in the second quarter valued at $60,000. KBC Group NV boosted its stake in NetScout Systems by 52.4% in the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,066 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of NetScout Systems during the second quarter valued at about $69,000. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Price Performance

Shares of NTCT opened at $22.11 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. The firm’s 50 day simple moving average is $21.33 and its 200 day simple moving average is $20.14. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $24.42.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the business’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 directly owns 42,489 shares of the company’s stock, valued at $905,865.48. The trade was a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.71% of the stock is currently owned by 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.