Wedge Capital Management L L P NC Boosts Stake in NetScout Systems, Inc. $NTCT

Wedge Capital Management L L P NC grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 42.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 98,185 shares of the technology company’s stock after buying an additional 29,322 shares during the period. Wedge Capital Management L L P NC’s holdings in NetScout Systems were worth $2,536,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of NetScout Systems during the second quarter worth $546,000. Allianz Asset Management GmbH lifted its stake in NetScout Systems by 5.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 822,576 shares of the technology company’s stock worth $20,408,000 after acquiring an additional 42,756 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in NetScout Systems by 284.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 52,276 shares of the technology company’s stock worth $1,098,000 after acquiring an additional 38,693 shares in the last quarter. Caxton Associates LLP purchased a new position in NetScout Systems during the 1st quarter valued at about $492,000. Finally, Prudential Financial Inc. grew its position in NetScout Systems by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 477,424 shares of the technology company’s stock valued at $11,845,000 after acquiring an additional 39,347 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Sanjay Munshi sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total value of $54,460.00. Following the sale, the chief operating officer directly owned 6,254 shares in the company, valued at $170,296.42. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president directly owned 135,494 shares of the company’s stock, valued at approximately $4,064,820. This represents a 2.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,000 shares of company stock valued at $507,960 over the last quarter. 3.82% of the stock is owned by insiders.

NetScout Systems Stock Down 0.8%

Shares of NASDAQ:NTCT opened at $27.86 on Tuesday. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The firm’s 50 day moving average price is $27.10 and its 200 day moving average price is $25.09. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 22.84 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. NetScout Systems had a net margin of 10.38% and a return on equity of 8.16%. The company had revenue of $219.02 million during the quarter, compared to analysts’ expectations of $200.60 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS and its FY 2026 guidance at 2.350-2.45 EPS. On average, equities analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NTCT shares. Royal Bank Of Canada increased their price target 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, November 7th. 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 on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.