NetScout Systems, Inc. $NTCT Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 137.9% during the 1st quarter, Holdings Channel reports. The fund owned 283,946 shares of the technology company’s stock after acquiring an additional 164,583 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NetScout Systems were worth $9,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTCT. IFP Advisors Inc grew its stake in shares of NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after buying an additional 621 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of NetScout Systems in the 3rd quarter valued at about $35,000. Global Retirement Partners LLC acquired a new stake in shares of NetScout Systems during the 4th quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC lifted its stake in NetScout Systems by 1,936.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Stock Down 2.6%

NASDAQ:NTCT opened at $40.67 on Thursday. The firm’s fifty day simple moving average is $41.25 and its 200-day simple moving average is $34.37. The stock has a market cap of $2.91 billion, a PE ratio of 31.28 and a beta of 0.68. NetScout Systems, Inc. has a fifty-two week low of $20.39 and a fifty-two week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $203.03 million for the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of research analyst reports. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada lifted 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 research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NetScout Systems presently has an average rating of “Moderate Buy” and an average target price of $35.50.

Insider Buying and Selling

In related news, Director Alfred Grasso sold 5,000 shares of the company’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 value of $203,350.00. Following the sale, the director owned 35,000 shares in the company, valued at $1,423,450. This represents a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the completion of the transaction, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.82% of the stock is currently owned by company insiders.

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.