Jupiter Asset Management Ltd. Boosts Stock Holdings in NetScout Systems, Inc. $NTCT

Jupiter Asset Management Ltd. lifted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 6.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 400,063 shares of the technology company’s stock after acquiring an additional 22,716 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in NetScout Systems were worth $10,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new position in shares of NetScout Systems in the 3rd quarter worth approximately $118,440,000. JPMorgan Chase & Co. boosted its holdings in shares of NetScout Systems by 65.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock worth $8,874,000 after buying an additional 136,377 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of NetScout Systems by 93.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock worth $3,205,000 after buying an additional 57,602 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of NetScout Systems by 604.8% in the 3rd quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock worth $1,298,000 after buying an additional 43,125 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of NetScout Systems by 2,546.1% in the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock worth $12,170,000 after buying an additional 432,741 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NTCT has been the topic of several research analyst reports. Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their price objective on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Finally, Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $35.50.

Insiders Place Their Bets

In related news, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the sale, the director directly owned 35,000 shares of the company’s stock, valued at $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by corporate insiders.

NetScout Systems Trading Up 0.3%

Shares of NetScout Systems stock opened at $41.62 on Friday. NetScout Systems, Inc. has a 12-month low of $20.39 and a 12-month high of $42.37. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 32.02 and a beta of 0.61. The company’s 50-day moving average price is $35.12 and its 200-day moving average price is $30.51.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) 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 company had revenue of $203.04 million for the quarter, compared to the consensus estimate of $198.64 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts predict that NetScout Systems, Inc. will post 2.06 earnings per share for the current 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.