Intech Investment Management LLC Buys 42,273 Shares of NetScout Systems, Inc. $NTCT

Intech Investment Management LLC lifted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCTFree Report) by 107.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,673 shares of the technology company’s stock after purchasing an additional 42,273 shares during the quarter. Intech Investment Management LLC’s holdings in NetScout Systems were worth $2,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC boosted its position in shares of NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock worth $368,000 after purchasing an additional 437 shares in the last quarter. IFP Advisors Inc boosted its position in shares of NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of NetScout Systems by 6.2% during the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock worth $262,000 after purchasing an additional 615 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of NetScout Systems by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 38,290 shares of the technology company’s stock worth $1,035,000 after purchasing an additional 697 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $42.30 on Thursday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 32.54 and a beta of 0.68. NetScout Systems, Inc. has a 52 week low of $20.39 and a 52 week high of $43.80. The firm has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $30.83.

NetScout Systems (NASDAQ:NTCTGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, sell-side analysts forecast that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTCT. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada raised their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $35.50.

View Our Latest Report on NetScout Systems

Insider Buying and Selling

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the sale, the director owned 35,000 shares in the company, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.82% of the company’s stock.

About NetScout Systems

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NTCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetScout Systems, Inc. (NASDAQ:NTCTFree Report).

Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

Receive News & Ratings for NetScout Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetScout Systems and related companies with MarketBeat.com's FREE daily email newsletter.