Strs Ohio Acquires New Shares in NetScout Systems, Inc. $NTCT

Strs Ohio acquired a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,700 shares of the technology company’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NTCT. Nuveen LLC bought a new stake in NetScout Systems in the first quarter valued at about $13,894,000. LSV Asset Management increased its holdings in NetScout Systems by 253.1% in the first quarter. LSV Asset Management now owns 909,855 shares of the technology company’s stock valued at $19,116,000 after purchasing an additional 652,155 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in NetScout Systems by 39.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company’s stock valued at $24,211,000 after purchasing an additional 328,468 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in NetScout Systems by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after purchasing an additional 207,807 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in NetScout Systems by 54.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company’s stock valued at $10,496,000 after purchasing an additional 175,894 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NTCT opened at $25.83 on Monday. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The firm has a market capitalization of $1.86 billion, a PE ratio of 25.83 and a beta of 0.72. The business’s 50-day simple moving average is $23.34 and its 200 day simple moving average is $22.58.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $181.50 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. NetScout Systems’s revenue was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on NetScout Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $29.00.

Insider Activity

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the sale, the director owned 33,000 shares in the company, valued at $806,520. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total value of $91,640.00. Following the completion of the sale, the director owned 38,939 shares in the company, valued at $892,092.49. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock worth $358,873 in the last quarter. 3.82% of the stock is currently 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.