State of Wyoming Purchases 13,163 Shares of NetScout Systems, Inc. $NTCT

State of Wyoming boosted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 346.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,964 shares of the technology company’s stock after buying an additional 13,163 shares during the period. State of Wyoming’s holdings in NetScout Systems were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NTCT. GAMMA Investing LLC raised its position in NetScout Systems by 20.7% in the third quarter. GAMMA Investing LLC now owns 1,768 shares of the technology company’s stock worth $71,000 after acquiring an additional 303 shares in the last quarter. Signaturefd LLC boosted its position in shares of 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NetScout Systems by 16.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the technology company’s stock valued at $139,000 after purchasing an additional 628 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of NetScout Systems by 8.6% in the 1st quarter. Glenmede Trust Co. NA now owns 8,329 shares of the technology company’s stock worth $265,000 after purchasing an additional 657 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of NetScout Systems by 0.6% in the 1st quarter. Swiss National Bank now owns 142,728 shares of the technology company’s stock worth $4,537,000 after purchasing an additional 900 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Price Performance

Shares of NASDAQ NTCT opened at $38.37 on Monday. NetScout Systems, Inc. has a 12 month low of $25.29 and a 12 month high of $45.28. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.72. The business has a fifty day simple moving average of $38.96 and a 200-day simple moving average of $36.29.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The firm had revenue of $210.42 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, sell-side analysts expect that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Insider Activity

In related news, 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 value of $89,103.63. Following the completion of the sale, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the transaction, the director directly owned 41,654 shares of the company’s stock, valued at $1,570,355.80. This represents a 8.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,269 shares of company stock valued at $813,184. 4.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on NTCT. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. B. Riley Financial restated a “buy” rating and issued a $50.00 price target on shares of NetScout Systems in a research report on Sunday, August 9th. after the company reported F1Q27 results. Royal Bank Of Canada upped their price target on NetScout Systems from $38.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.50.

NetScout Systems Company 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.