Thornburg Investment Management Inc. Takes $5.30 Million Position in Netskope Inc. $NTSK

Thornburg Investment Management Inc. acquired a new stake in Netskope Inc. (NASDAQ:NTSK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 302,288 shares of the company’s stock, valued at approximately $5,302,000.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in shares of Netskope in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new position in Netskope during the third quarter worth approximately $41,000. Triumph Capital Management increased its position in Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares during the last quarter. Wells Fargo & Company MN increased its position in Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Netskope during the fourth quarter worth approximately $64,000.

Netskope Price Performance

Shares of NTSK stock opened at $8.81 on Tuesday. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The company has a market capitalization of $3.56 billion and a PE ratio of -44.05. The firm has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $12.95.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities research analysts anticipate that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTSK has been the subject of several research analyst reports. Royal Bank Of Canada set a $18.00 price target on shares of Netskope in a research report on Thursday, June 4th. William Blair set a $21.00 price target on shares of Netskope in a research report on Thursday, March 12th. JPMorgan Chase & Co. dropped their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. TD Cowen dropped their price target on shares of Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, Oppenheimer dropped their price objective on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.16.

About Netskope

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.