Sei Investments Co. Decreases Stock Position in NetScout Systems, Inc. $NTCT

Sei Investments Co. decreased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,479 shares of the technology company’s stock after selling 56,810 shares during the quarter. Sei Investments Co. owned 0.31% of NetScout Systems worth $7,168,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of NetScout Systems by 23.3% in the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NetScout Systems by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock worth $869,000 after buying an additional 2,036 shares during the period. Goldman Sachs Group Inc. lifted its holdings in NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after buying an additional 207,807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NetScout Systems by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock worth $4,481,000 after buying an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in NetScout Systems by 64.3% in the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after buying an additional 136,253 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In related news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the sale, the executive vice president owned 129,121 shares of the company’s stock, valued at approximately $5,202,285.09. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the transaction, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. This represents a 12.50% 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. Company insiders own 4.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NTCT. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Royal Bank Of Canada boosted their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Weiss Ratings lowered 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 three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Price Performance

NTCT stock opened at $40.67 on Monday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 31.28 and a beta of 0.69. NetScout Systems, Inc. has a 1-year low of $20.39 and a 1-year high of $45.28. The firm has a fifty day moving average price of $41.33 and a two-hundred day moving average price of $34.99.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company had revenue of $203.03 million for the quarter, compared to the consensus estimate of $198.64 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts expect that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

NetScout Systems 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.