American Century Companies Inc. Grows Stock Holdings in NetScout Systems, Inc. $NTCT

American Century Companies Inc. grew its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 47.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,216 shares of the technology company’s stock after buying an additional 44,170 shares during the quarter. American Century Companies Inc. owned 0.19% of NetScout Systems worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in NetScout Systems in the 2nd quarter valued at about $27,000. Allworth Financial LP boosted its stake in shares of NetScout Systems by 1,857.1% in the second quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,040 shares during the period. Ransom Advisory Ltd acquired a new position in shares of NetScout Systems in the first quarter valued at approximately $34,000. PNC Financial Services Group Inc. increased its stake in 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 worth $85,000 after buying an additional 553 shares during the period. Finally, State of Wyoming acquired a new stake in NetScout Systems during the 1st quarter worth approximately $106,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NTCT. B. Riley initiated coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 1st. Finally, Royal Bank Of Canada boosted their target price 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. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Buying and Selling

In related news, COO Sanjay Munshi sold 2,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the sale, the chief operating officer directly owned 6,254 shares of the company’s stock, valued at $170,296.42. This trade represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president owned 135,494 shares of the company’s stock, valued at approximately $4,064,820. The trade was a 2.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,000 shares of company stock valued at $227,860 over the last ninety days. 3.82% of the stock is owned by insiders.

NetScout Systems Price Performance

NetScout Systems stock opened at $26.99 on Tuesday. The stock’s fifty day moving average is $26.80 and its two-hundred day moving average is $24.77. The stock has a market cap of $1.95 billion, a PE ratio of 22.12 and a beta of 0.66. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $30.67.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. NetScout Systems had a net margin of 10.38% and a return on equity of 8.16%. 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 firm posted $0.47 earnings per share. The firm’s 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 and its FY 2026 guidance at 2.350-2.45 EPS. On average, research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

NetScout Systems Company 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.