NetScout Systems, Inc. $NTCT Shares Bought by State of Wyoming

State of Wyoming lifted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 346.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,964 shares of the technology company’s stock after purchasing an additional 13,163 shares during the quarter. State of Wyoming’s holdings in NetScout Systems were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its position in NetScout Systems by 111.8% during the 3rd quarter. Signaturefd LLC now owns 754 shares of the technology company’s stock valued at $30,000 after purchasing an additional 398 shares during the period. Group One Trading LLC acquired a new stake in NetScout Systems in the second quarter worth $47,000. Nykredit A S bought a new stake in NetScout Systems in the second quarter valued at $50,000. Ameritas Advisory Services LLC bought a new stake in NetScout Systems in the second quarter valued at $53,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of NetScout Systems during the second quarter valued at $68,000. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NTCT. Royal Bank Of Canada upped their price target on shares of NetScout Systems from $38.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. B. Riley Financial restated a “buy” rating and issued a $50.00 target price on shares of NetScout Systems in a research report on Sunday, August 9th. after the company reported F1Q27 results. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.50.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $38.37 on Monday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.72. NetScout Systems, Inc. has a 1 year low of $25.29 and a 1 year high of $45.28. The business has a fifty day moving average of $38.96 and a 200-day moving average of $36.29.

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

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the transaction, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Perretta sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $38.00, for a total transaction of $266,000.00. Following the transaction, the director owned 40,866 shares in the company, valued at $1,552,908. This represents a 14.62% 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. Insiders have sold a total of 21,269 shares of company stock valued at $813,184 over the last quarter. Corporate insiders own 4.74% of the company’s stock.

NetScout Systems Profile

NetScout Systems, Inc (NASDAQ: NTCT) provides network performance management, service assurance and cybersecurity solutions for enterprises, communications service providers, government organizations and other large institutions. Its technologies are designed to help customers monitor network traffic, identify performance issues, maintain service availability and detect or respond to cyberthreats.

The company’s offerings include the nGeniusONE service assurance platform, InfiniStream network monitoring and packet-based visibility technologies, and solutions associated with its Arbor portfolio for distributed denial-of-service protection, network detection and response, and other cybersecurity applications.