Bank of New York Mellon Corp Lowers Holdings in NetScout Systems, Inc. $NTCT

Bank of New York Mellon Corp lowered its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 493,592 shares of the technology company’s stock after selling 2,885 shares during the quarter. Bank of New York Mellon Corp owned about 0.68% of NetScout Systems worth $12,246,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NTCT. Ameritas Advisory Services LLC acquired a new position in NetScout Systems during the second quarter worth approximately $27,000. Ransom Advisory Ltd purchased a new stake in shares of NetScout Systems during the 1st quarter valued at $34,000. PNC Financial Services Group Inc. grew its stake in shares of NetScout Systems by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company’s stock valued at $85,000 after buying an additional 553 shares during the period. State of Wyoming purchased a new position in shares of NetScout Systems in the 1st quarter worth $106,000. Finally, AlphaQuest LLC raised its position in shares of NetScout Systems by 19.5% in the 2nd quarter. AlphaQuest LLC now owns 7,130 shares of the technology company’s stock worth $177,000 after buying an additional 1,163 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Stock Down 3.9%

Shares of NASDAQ NTCT opened at $25.67 on Wednesday. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The business has a 50 day moving average price of $26.53 and a two-hundred day moving average price of $24.37. The firm has a market cap of $1.85 billion, a PE ratio of 25.67 and a beta of 0.71.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The company had revenue of $219.02 million for the quarter, compared to analyst estimates of $200.60 million. During the same period in the prior year, the company posted $0.47 EPS. NetScout Systems’s quarterly revenue was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. On average, analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on NTCT. Royal Bank Of Canada upped their price target on NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. B. Riley started coverage on NetScout Systems in a report on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the transaction, the director directly owned 38,939 shares in the company, valued at $892,092.49. This represents a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alfred Grasso sold 5,644 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total transaction of $137,939.36. Following the completion of the sale, the director directly owned 33,000 shares of the company’s stock, valued at $806,520. The trade was a 14.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 21,000 shares of company stock valued at $532,273 over the last ninety days. Corporate insiders own 3.82% of the company’s stock.

NetScout Systems 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.