Netskope Inc. $NTSK Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its holdings in shares of Netskope Inc. (NASDAQ:NTSK) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,135,851 shares of the company’s stock after purchasing an additional 415,505 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Netskope were worth $55,003,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New York Life Insurance Co. acquired a new stake in Netskope during the 3rd quarter valued at approximately $31,236,000. Federated Hermes Inc. acquired a new stake in Netskope during the 3rd quarter valued at approximately $18,184,000. Insight Holdings Group LLC acquired a new stake in Netskope during the 3rd quarter valued at approximately $3,978,000. Massachusetts Financial Services Co. MA acquired a new stake in Netskope during the 3rd quarter valued at approximately $72,463,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Netskope during the 3rd quarter valued at approximately $3,928,000.

Analyst Ratings Changes

A number of brokerages have weighed in on NTSK. Morgan Stanley lowered their price objective on Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. William Blair set a $21.00 target price on Netskope in a report on Thursday, March 12th. FBN Securities started coverage on Netskope in a report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 target price on the stock. Citizens Jmp reduced their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.37.

Netskope Trading Up 1.3%

Shares of NASDAQ NTSK opened at $11.37 on Tuesday. The company has a market cap of $4.55 billion and a price-to-earnings ratio of -81.21. Netskope Inc. has a 12-month low of $7.66 and a 12-month high of $27.99. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. The stock’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $14.38.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $196.33 million during the quarter. The business’s quarterly revenue was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS. Equities research analysts expect that Netskope Inc. will post -0.19 EPS for the current year.

Netskope Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.