31,251 Shares in NetScout Systems, Inc. $NTCT Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 31,251 shares of the technology company’s stock, valued at approximately $1,361,000.

Several other hedge funds have also recently modified their holdings of NTCT. BlackRock Inc. purchased a new stake in shares of NetScout Systems in the second quarter valued at approximately $498,027,000. Dimensional Fund Advisors LP lifted its stake in shares of NetScout Systems by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock valued at $135,391,000 after purchasing an additional 110,702 shares during the period. Legal & General Group Plc purchased a new position in NetScout Systems in the second quarter valued at about $165,970,000. State Street Corp lifted its position in shares of NetScout Systems by 1.7% during the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after acquiring an additional 51,835 shares during the period. Finally, First Trust Advisors LP increased its stake in NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after purchasing an additional 729,632 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 of the company’s stock, valued at $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the transaction, the director owned 41,654 shares of the company’s stock, valued at $1,570,355.80. This trade represents a 8.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,269 shares of company stock valued at $869,504 over the last quarter. Company insiders own 4.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NTCT shares. Royal Bank Of Canada boosted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 27th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

NetScout Systems Trading Down 0.7%

Shares of NTCT opened at $37.22 on Friday. NetScout Systems, Inc. has a twelve month low of $24.56 and a twelve month high of $45.28. The firm has a market capitalization of $2.71 billion, a P/E ratio of 22.70 and a beta of 0.69. The stock’s fifty day simple moving average is $40.27 and its 200 day simple moving average is $36.87.

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

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.