Odyssean LLC Raises Stake in NetScout Systems, Inc. $NTCT

Odyssean LLC grew its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 44.1% in the second quarter, HoldingsChannel.com reports. The firm owned 71,772 shares of the technology company’s stock after acquiring an additional 21,962 shares during the period. Odyssean LLC’s holdings in NetScout Systems were worth $3,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised 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 valued at $27,000 after purchasing an additional 602 shares during the period. Farther Finance Advisors LLC boosted its holdings in NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after buying an additional 621 shares during the period. Advisory Services Network LLC bought a new position in NetScout Systems in the 3rd quarter worth $35,000. Global Retirement Partners LLC purchased a new stake in NetScout Systems in the 4th quarter worth $39,000. Finally, Group One Trading LLC purchased a new stake in NetScout Systems in the 2nd quarter worth $47,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Stock Performance

NTCT opened at $38.06 on Wednesday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 23.21 and a beta of 0.69. The company has a fifty day moving average of $40.59 and a 200 day moving average of $36.37. NetScout Systems, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. NetScout Systems’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts forecast that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Wall Street Analyst Weigh In

NTCT has been the topic of a number of recent analyst reports. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Royal Bank Of Canada increased their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Insider Transactions at NetScout Systems

In other news, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the sale, the chief operating officer directly owned 6,729 shares of the company’s stock, valued at approximately $264,247.83. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the sale, the executive vice president owned 127,809 shares in the company, valued at $4,909,143.69. This represents a 5.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 18,269 shares of company stock valued at $718,704. Company insiders own 4.74% of the company’s stock.

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.