Edgestream Partners L.P. Buys 135,576 Shares of NetScout Systems, Inc. $NTCT

Edgestream Partners L.P. lifted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 378.5% during the first quarter, HoldingsChannel.com reports. The fund owned 171,391 shares of the technology company’s stock after buying an additional 135,576 shares during the quarter. Edgestream Partners L.P.’s holdings in NetScout Systems were worth $5,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of NetScout Systems by 93.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock valued at $3,205,000 after purchasing an additional 57,602 shares during the period. Leuthold Group LLC increased its holdings in NetScout Systems by 45.3% during the 4th quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock worth $4,870,000 after purchasing an additional 56,144 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in NetScout Systems by 93.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock worth $42,192,000 after purchasing an additional 753,842 shares during the period. SG Americas Securities LLC raised its position in NetScout Systems by 41.6% during the 1st quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock valued at $20,239,000 after purchasing an additional 186,903 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of NetScout Systems by 14.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 642,239 shares of the technology company’s stock worth $17,379,000 after buying an additional 78,769 shares during the period. Institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

NTCT has been the subject of several recent research reports. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Royal Bank Of Canada increased their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.50.

Insider Transactions at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the sale, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the sale, the executive vice president directly owned 129,121 shares of the company’s stock, valued at approximately $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 3.82% of the company’s stock.

NetScout Systems Trading Up 1.6%

Shares of NASDAQ:NTCT opened at $40.67 on Friday. The company has a market capitalization of $2.96 billion, a PE ratio of 31.28 and a beta of 0.68. NetScout Systems, Inc. has a 12-month low of $20.39 and a 12-month high of $45.28. The business’s fifty day simple moving average is $41.33 and its 200-day simple moving average is $34.93.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm had revenue of $203.03 million during the quarter, compared to analysts’ expectations of $198.64 million. During the same period in the prior year, the business posted $0.52 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Research analysts predict that NetScout Systems, Inc. will post 2.06 EPS 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.