CIBC Bancorp USA Inc. Takes $118.44 Million Position in NetScout Systems, Inc. $NTCT

CIBC Bancorp USA Inc. purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,585,376 shares of the technology company’s stock, valued at approximately $118,440,000. CIBC Bancorp USA Inc. owned about 0.06% of NetScout Systems as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in NetScout Systems in the 3rd quarter valued at about $35,000. Caxton Associates LLP lifted its position in shares of NetScout Systems by 132.3% during the third quarter. Caxton Associates LLP now owns 45,566 shares of the technology company’s stock worth $1,177,000 after purchasing an additional 25,947 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of NetScout Systems during the third quarter worth approximately $10,292,000. Verition Fund Management LLC grew its stake in shares of NetScout Systems by 136.2% during the third quarter. Verition Fund Management LLC now owns 115,946 shares of the technology company’s stock valued at $2,995,000 after purchasing an additional 66,850 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of NetScout Systems in the third quarter valued at approximately $347,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Trading Up 1.9%

NetScout Systems stock opened at $30.74 on Wednesday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 23.65 and a beta of 0.63. The business has a 50-day moving average of $28.63 and a 200-day moving average of $27.35. NetScout Systems, Inc. has a 1 year low of $18.12 and a 1 year high of $30.89.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The business had revenue of $250.68 million for the quarter, compared to the consensus estimate of $233.69 million. During the same period last year, the company posted $0.94 EPS. NetScout Systems’s revenue for the quarter was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTCT. Royal Bank Of Canada dropped their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.00.

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.