Bridgeway Capital Management LLC Boosts Stake in NetScout Systems, Inc. $NTCT

Bridgeway Capital Management LLC lifted its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 14.0% in the 4th quarter, HoldingsChannel reports. The firm owned 642,239 shares of the technology company’s stock after acquiring an additional 78,769 shares during the period. Bridgeway Capital Management LLC’s holdings in NetScout Systems were worth $17,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of NetScout Systems in the 3rd quarter worth $118,440,000. Dimensional Fund Advisors LP increased its stake in shares of NetScout Systems by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after purchasing an additional 109,910 shares in the last quarter. State Street Corp increased its stake in shares of NetScout Systems by 1.7% in the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after purchasing an additional 51,835 shares in the last quarter. First Trust Advisors LP increased its stake in shares of NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after purchasing an additional 729,632 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of NetScout Systems by 34.6% in the 4th quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after purchasing an additional 588,022 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the transaction, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. This represents a 12.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the transaction, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This trade represents a 5.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NTCT shares. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NetScout Systems currently has a consensus rating of “Buy” and an average price target of $35.50.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $39.22 on Thursday. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $43.80. The firm has a market capitalization of $2.80 billion, a PE ratio of 30.17 and a beta of 0.68. The stock has a fifty day simple moving average of $37.59 and a two-hundred day simple moving average of $31.85.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. During the same quarter in the prior year, the business posted $0.52 EPS. NetScout Systems’s revenue for the quarter was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts forecast that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

NetScout Systems Profile

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.