157,995 Shares in NetScout Systems, Inc. $NTCT Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 157,995 shares of the technology company’s stock, valued at approximately $3,920,000.

Other large investors have also bought and sold shares of the company. Magnetar Financial LLC raised its holdings in NetScout Systems by 79.9% in the second quarter. Magnetar Financial LLC now owns 69,778 shares of the technology company’s stock worth $1,731,000 after buying an additional 31,000 shares during the last quarter. EMC Capital Management purchased a new position in NetScout Systems in the 2nd quarter worth approximately $138,000. LSV Asset Management lifted its position in NetScout Systems by 33.9% in the 2nd quarter. LSV Asset Management now owns 1,218,614 shares of the technology company’s stock valued at $30,234,000 after acquiring an additional 308,759 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in NetScout Systems by 6.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,313 shares of the technology company’s stock valued at $454,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of NetScout Systems by 8.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,201 shares of the technology company’s stock worth $402,000 after purchasing an additional 1,229 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Alfred Grasso sold 5,644 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the transaction, the director owned 33,000 shares of the company’s stock, valued at $806,520. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president directly owned 135,494 shares in the company, valued at $4,064,820. This represents a 2.17% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 17,000 shares of company stock valued at $440,633. Insiders own 3.82% of the company’s stock.

NetScout Systems Stock Up 2.0%

NASDAQ NTCT opened at $25.97 on Friday. The company has a 50-day moving average price of $26.55 and a 200-day moving average price of $24.42. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $30.67. The firm has a market capitalization of $1.87 billion, a P/E ratio of 25.97 and a beta of 0.71.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company had revenue of $219.02 million during the quarter, compared to analyst estimates of $200.60 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

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

NetScout Systems Company Profile

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.