Canada Pension Plan Investment Board Acquires New Holdings in NetScout Systems, Inc. $NTCT

Canada Pension Plan Investment Board acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, Holdings Channel reports. The fund acquired 16,200 shares of the technology company’s stock, valued at approximately $706,000.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC boosted its position in NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock valued at $368,000 after acquiring an additional 437 shares in the last quarter. IFP Advisors Inc raised its position in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after acquiring an additional 602 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of NetScout Systems by 6.2% during the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock worth $262,000 after purchasing an additional 615 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of NetScout Systems by 14.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock worth $132,000 after purchasing an additional 618 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 2.1%

NTCT stock opened at $38.00 on Wednesday. The stock has a market capitalization of $2.76 billion, a PE ratio of 23.17 and a beta of 0.69. NetScout Systems, Inc. has a 52 week low of $24.27 and a 52 week high of $45.28. The firm has a 50 day moving average of $40.48 and a 200 day moving average of $36.75.

NetScout Systems (NASDAQ:NTCT) last issued 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. The business had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. NetScout Systems’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. 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 2.15 earnings per share for the current year.

Insider Activity at NetScout Systems

In related news, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the transaction, the director directly owned 41,654 shares of the company’s stock, valued at $1,570,355.80. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sanjay Munshi sold 2,269 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the transaction, the chief operating officer owned 6,729 shares of the company’s stock, valued at $264,247.83. This trade represents a 25.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,269 shares of company stock valued at $869,504 in the last ninety days. Company insiders own 4.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NTCT. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada increased their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.00.

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.