Allianz Asset Management GmbH Purchases 42,756 Shares of NetScout Systems, Inc. $NTCT

Allianz Asset Management GmbH lifted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 822,576 shares of the technology company’s stock after acquiring an additional 42,756 shares during the period. Allianz Asset Management GmbH owned 1.15% of NetScout Systems worth $20,408,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NTCT. Nuveen LLC bought a new position in shares of NetScout Systems in the 1st quarter worth approximately $13,894,000. LSV Asset Management raised its position in shares of NetScout Systems by 253.1% in the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company’s stock worth $19,116,000 after acquiring an additional 652,155 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after acquiring an additional 207,807 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of NetScout Systems by 54.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company’s stock worth $10,496,000 after buying an additional 175,894 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of NetScout Systems in the 1st quarter worth approximately $3,690,000. Institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NTCT shares. Weiss Ratings restated a “sell (d+)” rating on shares of NetScout Systems in a research note on Tuesday, October 14th. B. Riley started coverage on NetScout Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the transaction, the director directly owned 33,000 shares of the company’s stock, valued at approximately $806,520. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Szabados sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the transaction, the director owned 38,939 shares in the company, valued at $892,092.49. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,000 shares of company stock worth $358,873. Company insiders own 3.82% of the company’s stock.

NetScout Systems Trading Down 0.0%

Shares of NTCT opened at $25.81 on Monday. The business’s fifty day simple moving average is $24.94 and its two-hundred day simple moving average is $23.25. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $27.89. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 25.81 and a beta of 0.72.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The business had revenue of $186.75 million for the quarter, compared to the consensus estimate of $181.50 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. As a group, research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

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.