Penserra Capital Management LLC Makes New $9.80 Million Investment in NetScout Systems, Inc. $NTCT

Penserra Capital Management LLC purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 395,062 shares of the technology company’s stock, valued at approximately $9,801,000. Penserra Capital Management LLC owned about 0.55% of NetScout Systems as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in NetScout Systems during the 2nd quarter worth approximately $27,000. Ransom Advisory Ltd bought a new stake in shares of NetScout Systems during the first quarter worth $34,000. PNC Financial Services Group Inc. increased its holdings in shares of NetScout Systems by 15.8% during the first 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 in the last quarter. State of Wyoming bought a new position in shares of NetScout Systems in the 1st quarter valued at $106,000. Finally, AlphaQuest LLC boosted its holdings in shares of NetScout Systems by 19.5% during the 2nd quarter. AlphaQuest LLC now owns 7,130 shares of the technology company’s stock valued at $177,000 after acquiring an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Activity

In related news, Director Alfred Grasso sold 5,644 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total value of $137,939.36. Following the transaction, the director owned 33,000 shares in the company, valued at $806,520. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the sale, the director directly owned 38,939 shares in the company, valued at $892,092.49. This trade represents a 9.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 21,000 shares of company stock valued at $532,273. 3.82% of the stock is currently owned by insiders.

NetScout Systems Trading Down 1.8%

Shares of NTCT stock opened at $28.71 on Friday. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $30.67. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 28.71 and a beta of 0.71. The stock has a 50-day moving average of $26.16 and a 200-day moving average of $24.03.

NetScout Systems (NASDAQ:NTCT) last announced its 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. The business had revenue of $219.02 million for the quarter, compared to analysts’ expectations of $200.60 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. Sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

NTCT has been the topic of a number of research reports. B. Riley assumed coverage on NetScout Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $33.00 price objective on the stock. Royal Bank Of Canada boosted their price target on NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of NetScout Systems in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.00.

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.