Meeder Asset Management Inc. Invests $737,000 in NetScout Systems, Inc. $NTCT

Meeder Asset 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 16,919 shares of the technology company’s stock, valued at approximately $737,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Leuthold Group LLC raised its holdings in shares of NetScout Systems by 45.3% during the fourth quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after purchasing an additional 56,144 shares during the last quarter. SG Americas Securities LLC boosted its stake in NetScout Systems by 41.6% in the 1st quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock worth $20,239,000 after purchasing an additional 186,903 shares during the period. Lazard Asset Management LLC grew its position in shares of NetScout Systems by 8.7% during the first quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock valued at $18,598,000 after purchasing an additional 46,782 shares in the last quarter. Legato Capital Management LLC bought a new stake in NetScout Systems in the fourth quarter worth $484,000. Finally, Bridgeway Capital Management LLC raised its position in NetScout Systems by 14.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 642,239 shares of the technology company’s stock valued at $17,379,000 after purchasing an additional 78,769 shares during the period. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

NTCT has been the subject of several recent analyst reports. Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, NetScout Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Insider Activity at NetScout Systems

In related news, EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction 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. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.74% of the stock is owned by company insiders.

NetScout Systems Price Performance

NTCT stock opened at $38.94 on Wednesday. NetScout Systems, Inc. has a 1-year low of $22.47 and a 1-year high of $45.28. The business has a 50-day moving average price of $40.88 and a 200 day moving average price of $36.01. The company has a market capitalization of $2.83 billion, a P/E ratio of 23.74 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same period last year, the business posted $0.34 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, analysts anticipate that NetScout Systems, Inc. will post 2.14 earnings per share for the current fiscal year.

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.