Assenagon Asset Management S.A. Sells 542,940 Shares of NetScout Systems, Inc. $NTCT

Assenagon Asset Management S.A. decreased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 98.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,099 shares of the technology company’s stock after selling 542,940 shares during the period. Assenagon Asset Management S.A.’s holdings in NetScout Systems were worth $300,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new position in NetScout Systems during the third quarter worth about $118,440,000. First Trust Advisors LP grew its position in shares of NetScout Systems by 2.0% in the 3rd quarter. First Trust Advisors LP now owns 1,790,101 shares of the technology company’s stock valued at $46,238,000 after purchasing an additional 34,644 shares during the period. LSV Asset Management grew its position in shares of NetScout Systems by 39.5% in the 3rd quarter. LSV Asset Management now owns 1,700,014 shares of the technology company’s stock valued at $43,911,000 after purchasing an additional 481,400 shares during the period. Goldman Sachs Group Inc. increased its stake in NetScout Systems by 17.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after purchasing an additional 207,807 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in NetScout Systems by 21.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,000,552 shares of the technology company’s stock worth $25,844,000 after buying an additional 177,976 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the transaction, the executive vice president owned 129,494 shares in the company, valued at $3,884,820. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.82% of the stock is owned by insiders.

NetScout Systems Stock Up 1.6%

NASDAQ:NTCT opened at $32.31 on Thursday. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $33.01. The business has a 50 day moving average price of $29.54 and a two-hundred day moving average price of $27.84. The company has a market cap of $2.33 billion, a P/E ratio of 24.85 and a beta of 0.57.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The business had revenue of $250.68 million during the quarter, compared to the consensus estimate of $233.69 million. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NTCT shares. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Royal Bank Of Canada lowered their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a report on Friday, March 27th. 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, the company has an average rating of “Moderate Buy” and an average target price of $31.00.

NetScout Systems 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.