Cwm LLC increased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 81.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,084 shares of the technology company’s stock after purchasing an additional 20,223 shares during the period. Cwm LLC owned 0.06% of NetScout Systems worth $1,165,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of NetScout Systems in the 2nd quarter valued at $546,000. Allianz Asset Management GmbH grew its holdings in shares of NetScout Systems by 5.5% during the second quarter. Allianz Asset Management GmbH now owns 822,576 shares of the technology company’s stock worth $20,408,000 after purchasing an additional 42,756 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of NetScout Systems by 284.9% during the first quarter. Cubist Systematic Strategies LLC now owns 52,276 shares of the technology company’s stock worth $1,098,000 after purchasing an additional 38,693 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of NetScout Systems in the 1st quarter valued at about $492,000. Finally, Prudential Financial Inc. boosted its position in shares of NetScout Systems by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 477,424 shares of the technology company’s stock valued at $11,845,000 after purchasing an additional 39,347 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NTCT has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. Royal Bank Of Canada decreased their price objective on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.00.
Insider Buying and Selling
In related news, Director Christopher Perretta sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the completion of the sale, the director owned 40,866 shares in the company, valued at $1,144,656.66. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Sanjay Munshi sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total value of $54,460.00. Following the transaction, the chief operating officer owned 6,254 shares in the company, valued at $170,296.42. The trade was a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,000 shares of company stock valued at $507,960 over the last ninety days. Corporate insiders own 3.82% of the company’s stock.
NetScout Systems Price Performance
NetScout Systems stock opened at $27.11 on Tuesday. The business has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $25.36. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $30.67. The stock has a market capitalization of $1.96 billion, a PE ratio of 22.22 and a beta of 0.62.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.62 earnings per share (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 analysts’ expectations of $200.60 million. During the same period in the previous year, the company posted $0.47 EPS. NetScout Systems’s revenue was up 14.6% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.
NetScout Systems Profile
NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.
Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.
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