New Age Alpha Advisors LLC Buys 55,096 Shares of NetScout Systems, Inc. $NTCT

New Age Alpha Advisors LLC boosted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 578.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,620 shares of the technology company’s stock after acquiring an additional 55,096 shares during the quarter. New Age Alpha Advisors LLC owned 0.09% of NetScout Systems worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NTCT. CIBC Bancorp USA Inc. purchased a new stake in shares of NetScout Systems during the third quarter valued at approximately $118,440,000. JPMorgan Chase & Co. increased its stake in shares of NetScout Systems by 65.8% in the third 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 period. Allspring Global Investments Holdings LLC raised its holdings in NetScout Systems by 93.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock valued at $3,205,000 after buying an additional 57,602 shares during the last quarter. AlphaQuest LLC raised its holdings in NetScout Systems by 604.8% during the 3rd quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock valued at $1,298,000 after buying an additional 43,125 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in NetScout Systems by 2,546.1% during the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock valued at $12,170,000 after buying an additional 432,741 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the transaction, the director owned 35,000 shares in the company, valued at approximately $1,423,450. This represents a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

NetScout Systems Stock Down 2.4%

Shares of NTCT stock opened at $41.13 on Thursday. The stock has a fifty day moving average of $34.68 and a 200 day moving average of $30.34. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 31.64 and a beta of 0.61. NetScout Systems, Inc. has a 52 week low of $20.39 and a 52 week high of $42.37.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities research analysts anticipate 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.