Jump Financial LLC Invests $475,000 in NetScout Systems, Inc. $NTCT

Key Points

• Jump Financial LLC has acquired 22,596 shares in NetScout Systems, Inc., valued at approximately $475,000, indicating growing interest from institutional investors.
• Insider trading activity revealed that Directors Joseph G. Hadzima, Jr. and Michael Szabados sold shares, reducing their stakes by 2.67% and 9.32%, respectively.
• B. Riley initiated coverage on NetScout Systems with a buy rating and a price target of $33.00, contributing to a consensus rating of "Buy" and a target price of $29.00.

Jump Financial LLC acquired a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,596 shares of the technology company's stock, valued at approximately $475,000.

Several other institutional investors also recently modified their holdings of NTCT. Mariner LLC increased its stake in shares of NetScout Systems by 5.4% during the 4th quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after purchasing an additional 681 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of NetScout Systems by 53.1% during the 4th quarter. Voya Investment Management LLC now owns 52,503 shares of the technology company's stock worth $1,137,000 after purchasing an additional 18,214 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of NetScout Systems during the 4th quarter worth about $406,000. Northern Trust Corp increased its stake in shares of NetScout Systems by 2.1% during the 4th quarter. Northern Trust Corp now owns 795,610 shares of the technology company's stock worth $17,233,000 after purchasing an additional 16,013 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of NetScout Systems by 61.1% during the 4th quarter. AQR Capital Management LLC now owns 426,865 shares of the technology company's stock worth $9,220,000 after purchasing an additional 161,915 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the transaction, the director owned 127,798 shares in the company, valued at $3,047,982.30. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alfred Grasso sold 5,644 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total transaction of $137,939.36. Following the transaction, the director owned 33,000 shares in the company, valued at approximately $806,520. The trade was a 14.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock worth $442,348 in the last quarter. Corporate insiders own 3.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of NetScout Systems in a research note on Tuesday, August 26th. They set a "buy" rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $29.00.

NetScout Systems Stock Performance

NTCT traded down $0.19 on Friday, reaching $24.86. The company had a trading volume of 570,629 shares, compared to its average volume of 561,526. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $27.89. The stock has a market cap of $1.79 billion, a P/E ratio of 24.86 and a beta of 0.73. The company's fifty day moving average is $23.08 and its 200 day moving average is $22.39.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $181.50 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business's revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

NetScout Systems Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.