Public Sector Pension Investment Board grew its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 27.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 309,736 shares of the technology company’s stock after acquiring an additional 66,524 shares during the quarter. Public Sector Pension Investment Board owned about 0.43% of NetScout Systems worth $8,000,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Leuthold Group LLC bought a new stake in shares of NetScout Systems during the third quarter valued at about $3,199,000. LSV Asset Management increased its stake in NetScout Systems by 39.5% during the 3rd quarter. LSV Asset Management now owns 1,700,014 shares of the technology company’s stock valued at $43,911,000 after buying an additional 481,400 shares during the period. MQS Management LLC raised its position in shares of NetScout Systems by 59.9% during the 3rd quarter. MQS Management LLC now owns 14,369 shares of the technology company’s stock worth $371,000 after buying an additional 5,384 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of NetScout Systems by 1.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 133,890 shares of the technology company’s stock worth $3,458,000 after acquiring an additional 2,451 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of NetScout Systems by 6.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,649 shares of the technology company’s stock valued at $456,000 after acquiring an additional 998 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NTCT has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. Wall Street Zen cut NetScout Systems from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Royal Bank Of Canada dropped their price objective on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.
NetScout Systems Stock Down 1.6%
Shares of NASDAQ NTCT opened at $29.32 on Wednesday. The stock’s fifty day simple moving average is $27.78 and its 200 day simple moving average is $26.38. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.55 and a beta of 0.64. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $30.67.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The business had revenue of $250.68 million during the quarter, compared to analyst estimates of $233.69 million. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.NetScout Systems’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.
Insider Activity at NetScout Systems
In related news, Director Christopher Perretta sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 40,866 shares of the company’s stock, valued at approximately $1,144,656.66. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Sanjay Munshi sold 2,000 shares of NetScout Systems stock in a transaction that occurred 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 transaction, the chief operating officer owned 6,254 shares in the company, valued at approximately $170,296.42. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.82% of the company’s stock.
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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