Leuthold Group LLC Has $4.87 Million Stock Position in NetScout Systems, Inc. $NTCT

Leuthold Group LLC boosted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 45.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 179,984 shares of the technology company’s stock after buying an additional 56,144 shares during the period. Leuthold Group LLC’s holdings in NetScout Systems were worth $4,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NTCT. Strs Ohio raised its stake in NetScout Systems by 1.9% in the third quarter. Strs Ohio now owns 32,700 shares of the technology company’s stock valued at $845,000 after purchasing an additional 600 shares in the last quarter. Quantinno Capital Management LP raised its stake in NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after purchasing an additional 615 shares in the last quarter. Farther Finance Advisors LLC raised its stake in NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares in the last quarter. State of Alaska Department of Revenue raised its stake in NetScout Systems by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 38,290 shares of the technology company’s stock valued at $1,035,000 after purchasing an additional 697 shares in the last quarter. Finally, CI Investments Inc. raised its stake in NetScout Systems by 48.4% in the third quarter. CI Investments Inc. now owns 2,707 shares of the technology company’s stock valued at $70,000 after purchasing an additional 883 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on NTCT shares. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday. Royal Bank Of Canada boosted their price target on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NetScout Systems currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

NetScout Systems Trading Down 1.2%

Shares of NASDAQ NTCT opened at $38.46 on Friday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 29.58 and a beta of 0.61. NetScout Systems, Inc. has a 12 month low of $20.39 and a 12 month high of $40.92. The stock has a 50-day moving average price of $33.08 and a two-hundred day moving average price of $29.61.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $203.04 million during the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts predict that NetScout Systems, Inc. will post 1.83 earnings per share for the current year.

Insider Activity

In other news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by insiders.

NetScout Systems Company Profile

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.