Algert Global LLC Acquires 40,080 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Algert Global increased its NetScout Systems stake by 44.1%, purchasing 40,080 additional shares to reach 130,935 shares valued at approximately $5.7 million. Institutional investors collectively own 91.64% of the company.
• NetScout reported a strong quarter, with earnings of $0.52 per share and revenue of $210.42 million, surpassing analyst estimates and increasing revenue 12.7% year over year.
• Shares opened at $39.46, while analyst sentiment remained positive with a “Moderate Buy” consensus and a $38 average price target; meanwhile, company insiders sold 22,269 shares worth about $869,500 over the past three months.

Algert Global LLC grew its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 44.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,935 shares of the technology company's stock after buying an additional 40,080 shares during the quarter. Algert Global LLC owned 0.18% of NetScout Systems worth $5,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in NetScout Systems during the second quarter worth $498,027,000. First Trust Advisors LP grew its stake in NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company's stock worth $68,184,000 after acquiring an additional 729,632 shares in the last quarter. Millennium Management LLC grew its stake in NetScout Systems by 1,361.1% in the third quarter. Millennium Management LLC now owns 747,824 shares of the technology company's stock worth $19,316,000 after purchasing an additional 696,643 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of NetScout Systems during the 3rd quarter worth $16,091,000. Finally, LSV Asset Management lifted its stake in NetScout Systems by 34.6% in the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company's stock worth $61,914,000 after acquiring an additional 588,022 shares during the period. Institutional investors own 91.64% of the company's stock.

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the sale, the director directly owned 41,654 shares of the company's stock, valued at $1,570,355.80. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Sanjay Munshi sold 2,269 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the transaction, the chief operating officer directly owned 6,729 shares in the company, valued at approximately $264,247.83. The trade was a 25.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,269 shares of company stock valued at $869,504 over the last three months. 4.74% of the stock is owned by corporate insiders.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT opened at $39.46 on Friday. The firm has a market cap of $2.87 billion, a PE ratio of 24.06 and a beta of 0.69. The firm has a fifty day moving average of $40.57 and a 200 day moving average of $36.53. NetScout Systems, Inc. has a one year low of $24.27 and a one year high of $45.28.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same quarter last year, the business posted $0.34 earnings per share. The business's quarterly revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of recent research reports. Weiss Ratings raised NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 13th. Royal Bank Of Canada boosted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, May 8th. Zacks Research upgraded NetScout Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.00.

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.

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