Ieq Capital LLC Purchases Shares of 102,819 NetScout Systems, Inc. $NTCT

Ieq Capital LLC purchased a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 102,819 shares of the technology company’s stock, valued at approximately $4,478,000. Ieq Capital LLC owned about 0.14% of NetScout Systems as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of NetScout Systems during the second quarter worth about $498,027,000. Dimensional Fund Advisors LP increased its holdings in NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock valued at $135,391,000 after purchasing an additional 110,702 shares during the period. State Street Corp increased its holdings in NetScout Systems by 1.7% during the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after purchasing an additional 51,835 shares during the period. First Trust Advisors LP raised its position in NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after purchasing an additional 729,632 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in 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 buying an additional 588,022 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

NTCT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada boosted 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 report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $35.50.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT opened at $38.49 on Monday. The firm has a market capitalization of $2.80 billion, a P/E ratio of 23.47 and a beta of 0.69. The stock has a 50 day moving average price of $40.70 and a 200-day moving average price of $36.23. NetScout Systems, Inc. has a 52-week low of $22.75 and a 52-week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts forecast that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Sanjay Munshi sold 2,269 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $89,103.63. Following the sale, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. The trade was a 25.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the sale, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This represents a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 18,269 shares of company stock worth $718,704. Company insiders own 4.74% of the company’s stock.

NetScout Systems Company 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.