Gabelli Funds LLC Decreases Stock Holdings in NetScout Systems, Inc. $NTCT

Gabelli Funds LLC lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the technology company’s stock after selling 13,728 shares during the period. Gabelli Funds LLC owned 0.12% of NetScout Systems worth $2,435,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NTCT. CIBC Bancorp USA Inc. bought a new position in NetScout Systems in the 3rd quarter worth about $118,440,000. JPMorgan Chase & Co. boosted its stake in NetScout Systems by 65.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock worth $8,874,000 after purchasing an additional 136,377 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NetScout Systems by 93.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock worth $3,205,000 after purchasing an additional 57,602 shares in the last quarter. AlphaQuest LLC boosted its stake in NetScout Systems by 604.8% in 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. Finally, SG Americas Securities LLC boosted its stake in NetScout Systems by 2,546.1% in the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock worth $12,170,000 after purchasing an additional 432,741 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Up 4.0%

NASDAQ NTCT opened at $41.01 on Friday. NetScout Systems, Inc. has a 52 week low of $20.39 and a 52 week high of $41.87. The firm has a market capitalization of $2.93 billion, a P/E ratio of 31.55 and a beta of 0.61. The company has a 50-day moving average price of $34.00 and a 200-day moving average price of $30.04.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NTCT shares. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Royal Bank Of Canada boosted their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NetScout Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Insider Activity

In related news, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 35,000 shares in the company, valued at approximately $1,423,450. The trade was a 12.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.