Skandinaviska Enskilda Banken AB publ Purchases Shares of 197,800 NetScout Systems, Inc. $NTCT

Skandinaviska Enskilda Banken AB publ acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 197,800 shares of the technology company’s stock, valued at approximately $5,109,000. Skandinaviska Enskilda Banken AB publ owned 0.28% of NetScout Systems as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in NetScout Systems by 65.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock worth $8,874,000 after acquiring an additional 136,377 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of NetScout Systems in the third quarter worth $55,000. Public Sector Pension Investment Board raised its position in shares of NetScout Systems by 27.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 309,736 shares of the technology company’s stock valued at $8,000,000 after purchasing an additional 66,524 shares during the period. Leuthold Group LLC purchased a new position in shares of NetScout Systems during the 3rd quarter valued at $3,199,000. Finally, LSV Asset Management boosted its holdings in NetScout Systems by 39.5% in the 3rd quarter. LSV Asset Management now owns 1,700,014 shares of the technology company’s stock worth $43,911,000 after buying an additional 481,400 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Trading Up 0.1%

NASDAQ:NTCT opened at $29.82 on Friday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 23.06 and a beta of 0.64. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $30.67. The stock has a fifty day simple moving average of $27.84 and a 200-day simple moving average of $26.42.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The company had revenue of $250.68 million for the quarter, compared to the consensus estimate of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, equities research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Christopher Perretta sold 10,000 shares of NetScout Systems stock in a transaction on Friday, December 12th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the completion of the sale, the director directly owned 40,866 shares of the company’s stock, valued at $1,144,656.66. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sanjay Munshi sold 2,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total value of $54,460.00. Following the transaction, the chief operating officer directly owned 6,254 shares in the company, valued at $170,296.42. The trade was a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NTCT shares. Wall Street Zen downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Finally, Royal Bank Of Canada dropped their target price on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.00.

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.