Amundi Has $1.88 Million Stock Position in NetScout Systems, Inc. $NTCT

Key Points

• Amundi cut its NetScout Systems stake by 50.9% in the first quarter, selling 61,314 shares and retaining 59,077 shares valued at approximately $1.88 million. Institutional investors collectively own 91.64% of the company.
• NetScout reported quarterly adjusted earnings of $0.52 per share and revenue of $210.42 million, surpassing estimates of $0.38 and $196.17 million, respectively. Revenue increased 12.7% year over year.
• Analyst sentiment remains moderately positive, with one Strong Buy and three Hold ratings and a consensus price target of $35.50. Shares opened at $38.44, compared with a 52-week range of $21.21 to $45.28.

Amundi cut its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 50.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,077 shares of the technology company's stock after selling 61,314 shares during the quarter. Amundi owned 0.08% of NetScout Systems worth $1,878,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company's stock worth $135,391,000 after buying an additional 110,702 shares during the last quarter. State Street Corp raised its stake in NetScout Systems by 1.7% during the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company's stock worth $82,962,000 after acquiring an additional 51,835 shares in the last quarter. First Trust Advisors LP raised its stake in NetScout Systems by 40.8% during the fourth 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. LSV Asset Management lifted its holdings in shares of 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 last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of NetScout Systems by 93.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company's stock valued at $42,192,000 after purchasing an additional 753,842 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Analysts Set New Price Targets

NTCT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of NetScout Systems in a research report on Friday, July 31st. Wall Street Zen upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the company a "sector perform" rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded NetScout Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.50.

NetScout Systems Stock Performance

Shares of NTCT opened at $38.44 on Friday. The stock has a 50 day moving average price of $41.24 and a two-hundred day moving average price of $35.39. NetScout Systems, Inc. has a 52 week low of $21.21 and a 52 week high of $45.28. The firm has a market capitalization of $2.79 billion, a P/E ratio of 23.44 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The business had revenue of $210.42 million for the quarter, compared to analysts' expectations of $196.17 million. During the same period in the previous year, the company earned $0.34 earnings per share. The firm's revenue for the quarter 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 forecast that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John Downing sold 8,000 shares of the firm's stock in a transaction on Monday, June 8th. The stock was 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. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the transaction, the director owned 35,000 shares of the company's stock, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.74% 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.

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