Allianz Asset Management GmbH Acquires 177,976 Shares of NetScout Systems, Inc. $NTCT

Allianz Asset Management GmbH lifted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCTFree Report) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,552 shares of the technology company’s stock after purchasing an additional 177,976 shares during the period. Allianz Asset Management GmbH’s holdings in NetScout Systems were worth $25,844,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in NetScout Systems in the second quarter worth $546,000. AlphaQuest LLC boosted its position in shares of NetScout Systems by 604.8% during the 3rd quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 43,125 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of NetScout Systems by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 477,424 shares of the technology company’s stock valued at $11,845,000 after buying an additional 39,347 shares during the period. Ameritas Advisory Services LLC bought a new stake in NetScout Systems in the 2nd quarter valued at about $27,000. Finally, Acadian Asset Management LLC raised its stake in NetScout Systems by 14.2% during the 2nd quarter. Acadian Asset Management LLC now owns 610,445 shares of the technology company’s stock worth $15,138,000 after buying an additional 75,786 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NTCT. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. Wall Street Zen downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada decreased their price target on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Get Our Latest Stock Analysis on NTCT

NetScout Systems Stock Up 2.2%

Shares of NASDAQ:NTCT opened at $27.67 on Friday. The business’s 50 day moving average is $27.54 and its 200 day moving average is $25.98. NetScout Systems, Inc. has a 12-month low of $18.12 and a 12-month high of $30.67. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 21.28 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCTGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $250.68 million for the quarter, compared to analysts’ expectations of $233.69 million. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, equities research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Key Headlines Impacting NetScout Systems

Here are the key news stories impacting NetScout Systems this week:

Insider Activity

In related news, Director Christopher Perretta sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the transaction, the director directly owned 40,866 shares in the company, valued at approximately $1,144,656.66. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Sanjay Munshi sold 2,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the sale, the chief operating officer owned 6,254 shares of the company’s stock, valued at approximately $170,296.42. This trade represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.82% of the stock is currently owned by insiders.

NetScout Systems Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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