NetScout Systems, Inc. $NTCT Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 150.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 36,474 shares of the technology company’s stock after buying an additional 21,937 shares during the quarter. Quantinno Capital Management LP’s holdings in NetScout Systems were worth $1,160,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in NetScout Systems by 8.7% during the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock worth $18,598,000 after buying an additional 46,782 shares in the last quarter. Caxton Associates LLP lifted its position in shares of NetScout Systems by 9.3% in the first quarter. Caxton Associates LLP now owns 45,892 shares of the technology company’s stock valued at $1,459,000 after acquiring an additional 3,889 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of NetScout Systems by 16.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the technology company’s stock valued at $139,000 after acquiring an additional 628 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of NetScout Systems in the first quarter worth approximately $218,000. Finally, Dimensional Fund Advisors LP boosted 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 worth $135,391,000 after acquiring an additional 110,702 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Price Performance

NTCT stock opened at $39.67 on Friday. The business has a 50 day simple moving average of $40.93 and a 200-day simple moving average of $35.80. The firm has a market capitalization of $2.88 billion, a PE ratio of 24.19 and a beta of 0.69. NetScout Systems, Inc. has a 1 year low of $22.24 and a 1 year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The firm had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts expect that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on NTCT. Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a report on Friday, July 31st. Royal Bank Of Canada lifted their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NetScout Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the transaction, the executive vice president owned 127,809 shares of the company’s stock, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.74% of the stock is currently owned by corporate insiders.

NetScout Systems 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.