Ieq Capital LLC Acquires New Stake in NetScout Systems, Inc. $NTCT

Ieq Capital LLC acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, Holdings Channel reports. The firm acquired 102,819 shares of the technology company’s stock, valued at approximately $4,478,000.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of NetScout Systems by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock worth $368,000 after acquiring an additional 437 shares during the last quarter. IFP Advisors Inc raised its position in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of NetScout Systems by 6.2% in the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock worth $262,000 after purchasing an additional 615 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in NetScout Systems by 14.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock worth $132,000 after purchasing an additional 618 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their price target 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, NetScout Systems currently has a consensus rating of “Buy” and a consensus price target of $35.50.

Insider Activity

In related news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 approximately $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of the company’s stock in a transaction that occurred 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 directly owned 6,729 shares of the company’s stock, valued at approximately $264,247.83. This represents a 25.22% decrease in their ownership of the stock. 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 18,269 shares of company stock valued at $718,704 in the last ninety days. Insiders own 4.74% of the company’s stock.

NetScout Systems Price Performance

NASDAQ NTCT opened at $38.49 on Monday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 23.47 and a beta of 0.69. NetScout Systems, Inc. has a 1-year low of $22.75 and a 1-year high of $45.28. The business’s fifty day moving average price is $40.70 and its 200-day moving average price is $36.23.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. The company had revenue of $210.42 million during 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%.NetScout Systems’s revenue was up 12.7% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current year.

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.