New York State Teachers Retirement System Has $1.92 Million Stock Position in NetScout Systems, Inc. $NTCT

New York State Teachers Retirement System lifted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,509 shares of the technology company’s stock after acquiring an additional 5,919 shares during the period. New York State Teachers Retirement System owned about 0.11% of NetScout Systems worth $1,923,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NTCT. Ameritas Advisory Services LLC acquired a new position in NetScout Systems in the 2nd quarter worth approximately $27,000. Ransom Advisory Ltd acquired a new stake in NetScout Systems during the 1st quarter valued at $34,000. PNC Financial Services Group Inc. lifted its holdings in shares of NetScout Systems by 15.8% in the first 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 in the last quarter. State of Wyoming acquired a new stake in shares of NetScout Systems in the first quarter worth $106,000. Finally, Quantbot Technologies LP grew its holdings in shares of NetScout Systems by 262.1% during the first quarter. Quantbot Technologies LP now owns 8,782 shares of the technology company’s stock valued at $185,000 after buying an additional 6,357 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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

NetScout Systems Trading Up 1.1%

NTCT opened at $26.77 on Wednesday. The business has a 50 day moving average of $25.11 and a 200-day moving average of $23.32. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 26.77 and a beta of 0.72. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year 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. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The firm had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $181.50 million. During the same period in the prior year, the company earned $0.28 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Equities analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Activity at NetScout Systems

In other news, Director Alfred Grasso sold 5,644 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the completion of the transaction, the director directly owned 33,000 shares of the company’s stock, valued at approximately $806,520. This represents a 14.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Szabados sold 4,000 shares of the firm’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 transaction, the director owned 38,939 shares of the company’s stock, valued at $892,092.49. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,000 shares of company stock worth $358,873. Corporate insiders own 3.82% of the company’s stock.

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.