Assenagon Asset Management S.A. Sells 542,940 Shares of NetScout Systems, Inc. $NTCT

Assenagon Asset Management S.A. cut its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 98.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,099 shares of the technology company’s stock after selling 542,940 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NetScout Systems were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Strs Ohio grew its holdings in NetScout Systems by 1.9% during the 3rd quarter. Strs Ohio now owns 32,700 shares of the technology company’s stock worth $845,000 after acquiring an additional 600 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock worth $262,000 after acquiring an additional 615 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of NetScout Systems by 0.7% during the second quarter. Hsbc Holdings PLC now owns 113,771 shares of the technology company’s stock worth $2,824,000 after purchasing an additional 815 shares in the last quarter. CI Investments Inc. grew its stake in shares of NetScout Systems by 48.4% during the third quarter. CI Investments Inc. now owns 2,707 shares of the technology company’s stock valued at $70,000 after purchasing an additional 883 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of NetScout Systems by 90.1% during the third quarter. Allworth Financial LP now owns 2,083 shares of the technology company’s stock valued at $54,000 after purchasing an additional 987 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president owned 129,494 shares of the company’s stock, valued at approximately $3,884,820. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.82% of the company’s stock.

Analysts Set New Price Targets

NTCT has been the topic of several research reports. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Royal Bank Of Canada lowered their target price on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NetScout Systems presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Price Performance

NTCT opened at $32.31 on Thursday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 24.85 and a beta of 0.57. The firm has a 50 day simple moving average of $29.54 and a 200 day simple moving average of $27.84. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $33.01.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $250.68 million for the quarter, compared to analyst estimates of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. NetScout Systems’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

About NetScout Systems

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.