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

Quantinno Capital Management LP grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 150.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,474 shares of the technology company’s stock after acquiring an additional 21,937 shares during the period. Quantinno Capital Management LP owned about 0.05% of NetScout Systems worth $1,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares during the last quarter. Farther Finance Advisors LLC lifted its position in NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares during the period. Advisory Services Network LLC purchased a new stake in NetScout Systems in the third quarter valued at $35,000. Global Retirement Partners LLC acquired a new stake in NetScout Systems during the 4th quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC grew its position in NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 directly owned 127,809 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTCT. Zacks Research cut NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Royal Bank Of Canada raised their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, July 31st. Finally, Wall Street Zen raised 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, NetScout Systems has a consensus rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $39.67 on Friday. The firm has a 50-day simple moving average of $40.93 and a two-hundred day simple moving average of $35.80. NetScout Systems, Inc. has a fifty-two week low of $22.24 and a fifty-two week high of $45.28. The company has a market cap of $2.88 billion, a P/E ratio of 24.19 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 for the quarter, beating the consensus estimate of $0.38 by $0.14. The firm had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities research analysts forecast 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.