New Age Alpha Advisors LLC Raises Stake in NetScout Systems, Inc. $NTCT

New Age Alpha Advisors LLC boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 578.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,620 shares of the technology company’s stock after purchasing an additional 55,096 shares during the quarter. New Age Alpha Advisors LLC’s holdings in NetScout Systems were worth $1,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTCT. Royal Bank of Canada raised its stake in NetScout Systems by 23.3% during the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock valued at $1,088,000 after buying an additional 9,802 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NetScout Systems by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock worth $869,000 after acquiring an additional 2,036 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NetScout Systems by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after acquiring an additional 207,807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NetScout Systems by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock valued at $4,481,000 after acquiring an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of NetScout Systems by 64.3% in the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock worth $7,316,000 after purchasing an additional 136,253 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTCT. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Royal Bank Of Canada lifted their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $41.13 on Thursday. NetScout Systems, Inc. has a one year low of $20.39 and a one year high of $42.37. The stock has a 50-day moving average of $34.68 and a 200 day moving average of $30.34. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 31.64 and a beta of 0.61.

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

Insider Buying and Selling at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction 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 directly 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 filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by insiders.

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.