Y Intercept Hong Kong Ltd Decreases Position in NetScout Systems, Inc. $NTCT

Y Intercept Hong Kong Ltd lowered its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 35.6% during the second quarter, Holdings Channel reports. The fund owned 13,603 shares of the technology company’s stock after selling 7,521 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NetScout Systems were worth $337,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NTCT. Principal Financial Group Inc. grew its stake in NetScout Systems by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 357,176 shares of the technology company’s stock worth $7,504,000 after purchasing an additional 9,526 shares in the last quarter. CWM LLC boosted its stake in shares of NetScout Systems by 28.5% in the 1st quarter. CWM LLC now owns 13,011 shares of the technology company’s stock valued at $273,000 after buying an additional 2,889 shares during the period. Edgestream Partners L.P. purchased a new position in shares of NetScout Systems in the 1st quarter valued at about $2,191,000. Hohimer Wealth Management LLC grew its position in shares of NetScout Systems by 4.8% during the first quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company’s stock worth $233,000 after buying an additional 504 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of NetScout Systems by 141.8% during the first quarter. Victory Capital Management Inc. now owns 194,631 shares of the technology company’s stock worth $4,089,000 after buying an additional 114,124 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Trading Down 1.8%

NTCT stock opened at $28.71 on Friday. The stock has a market cap of $2.06 billion, a P/E ratio of 28.71 and a beta of 0.71. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $30.67. The company’s 50 day moving average is $26.16 and its two-hundred day moving average is $24.00.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $219.02 million during the quarter, compared to analysts’ expectations of $200.60 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. On average, equities research analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTCT. Weiss Ratings reiterated a “sell (d+)” rating on shares of NetScout Systems in a research note on Tuesday, October 14th. Royal Bank Of Canada lifted their price objective on shares of NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, B. Riley assumed coverage on shares of NetScout Systems in a research note on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Insider Buying and Selling at NetScout Systems

In other news, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alfred Grasso sold 5,644 shares of the business’s stock in a transaction dated 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 directly owned 33,000 shares of the company’s stock, valued at $806,520. The trade was a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,000 shares of company stock worth $532,273 over the last 90 days. 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.