Migdal Insurance & Financial Holdings Ltd. Has $124,000 Position in NetScout Systems, Inc. $NTCT

Migdal Insurance & Financial Holdings Ltd. reduced its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 38.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the technology company’s stock after selling 3,126 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in NetScout Systems were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hohimer Wealth Management LLC grew its position in shares of NetScout Systems by 4.8% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company’s stock valued at $233,000 after purchasing an additional 504 shares during the period. PNC Financial Services Group Inc. grew its position in shares of NetScout Systems by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company’s stock valued at $85,000 after purchasing an additional 553 shares during the period. Natixis Advisors LLC grew its position in shares of NetScout Systems by 2.4% in the 1st quarter. Natixis Advisors LLC now owns 29,371 shares of the technology company’s stock valued at $617,000 after purchasing an additional 681 shares during the period. Wedge Capital Management L L P NC grew its position in shares of NetScout Systems by 1.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 68,863 shares of the technology company’s stock valued at $1,708,000 after purchasing an additional 781 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of NetScout Systems in the 2nd quarter valued at approximately $27,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.91, for a total value of $91,640.00. Following the sale, the director owned 38,939 shares in the company, valued at approximately $892,092.49. The trade was a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alfred Grasso sold 5,644 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total value of $137,939.36. Following the completion of the sale, the director owned 33,000 shares in the company, valued at $806,520. The trade was a 14.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,000 shares of company stock worth $358,873 in the last 90 days. Company insiders own 3.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTCT. B. Riley began coverage on NetScout Systems in a research report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of NetScout Systems in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.00.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $26.52 on Thursday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 26.52 and a beta of 0.72. The stock’s 50 day moving average price is $25.60 and its two-hundred day moving average price is $23.64. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $181.50 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, equities research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.