NetScout Systems, Inc. $NTCT Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,947 shares of the technology company’s stock after selling 11,410 shares during the period. Intech Investment Management LLC’s holdings in NetScout Systems were worth $718,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NTCT. Allspring Global Investments Holdings LLC acquired a new position in shares of NetScout Systems during the 2nd quarter valued at about $546,000. Allianz Asset Management GmbH grew its holdings in NetScout Systems by 5.5% in the second quarter. Allianz Asset Management GmbH now owns 822,576 shares of the technology company’s stock valued at $20,408,000 after purchasing an additional 42,756 shares during the period. Cubist Systematic Strategies LLC increased its position in NetScout Systems by 284.9% during the first quarter. Cubist Systematic Strategies LLC now owns 52,276 shares of the technology company’s stock worth $1,098,000 after purchasing an additional 38,693 shares during the last quarter. Caxton Associates LLP purchased a new position in NetScout Systems during the first quarter worth approximately $492,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of NetScout Systems in the 2nd quarter valued at $27,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NTCT shares. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a report on Monday. Royal Bank Of Canada upped their price target on NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Finally, B. Riley assumed coverage on NetScout Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $26.73 on Thursday. The business’s 50-day moving average is $26.63 and its two-hundred day moving average is $24.55. The firm has a market capitalization of $1.93 billion, a PE ratio of 26.73 and a beta of 0.71. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $30.67.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $219.02 million during the quarter, compared to analyst estimates of $200.60 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president owned 135,494 shares in the company, valued at $4,064,820. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.82% of the stock is owned by company insiders.

About NetScout Systems

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.