UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,875 shares of the technology company’s stock after selling 14,512 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of NetScout Systems worth $6,440,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after acquiring an additional 602 shares in the last quarter. Group One Trading LLC acquired a new position in shares of NetScout Systems during the second quarter worth $47,000. Advisory Services Network LLC purchased a new stake in shares of NetScout Systems during the 3rd quarter valued at $35,000. Global Retirement Partners LLC purchased a new stake in shares of NetScout Systems during the 4th quarter valued at $39,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of NetScout Systems in the 2nd quarter worth $68,000. Institutional investors own 91.64% of the company’s stock.
Analysts Set New Price Targets
NTCT has been the topic of several research analyst reports. Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.
Insider Activity
In related news, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the sale, the director owned 41,654 shares in the company, valued at $1,570,355.80. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sanjay Munshi sold 2,269 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the completion of the transaction, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. This trade represents a 25.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,269 shares of company stock valued at $547,184. Company insiders own 4.74% of the company’s stock.
NetScout Systems Trading Down 0.7%
NASDAQ:NTCT opened at $36.97 on Wednesday. The company has a market capitalization of $2.69 billion, a P/E ratio of 22.54 and a beta of 0.69. NetScout Systems, Inc. has a 12 month low of $24.80 and a 12 month high of $45.28. The firm has a fifty day simple moving average of $40.04 and a 200-day simple moving average of $37.03.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities analysts forecast that NetScout Systems, Inc. will post 2.15 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.
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