Bailard Inc. Takes Position in NetScout Systems, Inc. $NTCT

Bailard Inc. bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,300 shares of the technology company’s stock, valued at approximately $441,000.

Other hedge funds also recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new stake in shares of NetScout Systems in the third quarter valued at $118,440,000. JPMorgan Chase & Co. lifted its holdings in shares of NetScout Systems by 65.8% in the third 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of NetScout Systems by 93.3% in the fourth 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 in the last quarter. AlphaQuest LLC lifted its holdings in shares of NetScout Systems by 604.8% in the third 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 in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of NetScout Systems by 2,546.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alfred Grasso sold 5,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $1,423,450. This represents a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by company insiders.

NetScout Systems Trading Down 1.2%

Shares of NASDAQ:NTCT opened at $38.94 on Friday. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $40.92. The business has a fifty day simple moving average of $32.91 and a 200 day simple moving average of $29.55. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 29.95 and a beta of 0.61.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. During the same period last year, the company earned $0.52 earnings per share. NetScout Systems’s quarterly revenue was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts forecast that NetScout Systems, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTCT. Royal Bank Of Canada increased their target price on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen lowered NetScout Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NetScout Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

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.