Jupiter Asset Management Ltd. Has $10.83 Million Stake in NetScout Systems, Inc. $NTCT

Jupiter Asset Management Ltd. boosted its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,063 shares of the technology company’s stock after purchasing an additional 22,716 shares during the period. Jupiter Asset Management Ltd. owned about 0.55% of NetScout Systems worth $10,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new stake in NetScout Systems during the 3rd quarter valued at approximately $118,440,000. JPMorgan Chase & Co. increased its position in NetScout Systems by 65.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock valued at $8,874,000 after purchasing an additional 136,377 shares during the period. Allspring Global Investments Holdings LLC increased its position in NetScout Systems by 93.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock valued at $3,205,000 after purchasing an additional 57,602 shares during the period. AlphaQuest LLC increased its position in NetScout Systems by 604.8% during the 3rd quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 43,125 shares during the period. Finally, SG Americas Securities LLC increased its position in NetScout Systems by 2,546.1% during the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock valued at $12,170,000 after purchasing an additional 432,741 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Trading Up 0.3%

NASDAQ NTCT opened at $41.62 on Friday. The company has a market cap of $2.98 billion, a P/E ratio of 32.02 and a beta of 0.61. NetScout Systems, Inc. has a 12-month low of $20.39 and a 12-month high of $42.37. The company has a fifty day simple moving average of $35.12 and a 200 day simple moving average of $30.51.

NetScout Systems (NASDAQ:NTCT) last released 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 business had revenue of $203.04 million during the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Sell-side analysts predict that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $35.50.

Insider Transactions at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the transaction, the director owned 35,000 shares in the company, valued at approximately $1,423,450. The trade was a 12.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.82% of the company’s stock.

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.