Assenagon Asset Management S.A. Has $26.60 Million Stock Holdings in NetScout Systems, Inc. $NTCT

Key Points

• Assenagon Asset Management S.A. reduced its stake in NetScout Systems by 7.0%, selling 80,152 shares, leaving them with approximately 1,072,227 shares worth around $26.6 million.
• Analysts have mixed ratings for NetScout Systems, with B. Riley initiating coverage with a "buy" rating and a target price of $33.00, while the average target price sits at $29.00.
• In the last three months, company insiders sold a total of 15,000 shares valued at $358,873, revealing a notable decrease in their positions.

Assenagon Asset Management S.A. lowered its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,072,227 shares of the technology company's stock after selling 80,152 shares during the period. Assenagon Asset Management S.A. owned 1.50% of NetScout Systems worth $26,602,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NetScout Systems by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company's stock valued at $852,000 after buying an additional 1,481 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of NetScout Systems by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 666,681 shares of the technology company's stock valued at $14,440,000 after purchasing an additional 4,184 shares during the last quarter. Tidal Investments LLC grew its position in shares of NetScout Systems by 4.4% in the fourth quarter. Tidal Investments LLC now owns 30,514 shares of the technology company's stock valued at $661,000 after purchasing an additional 1,294 shares during the last quarter. Squarepoint Ops LLC boosted its position in NetScout Systems by 535.5% during the fourth quarter. Squarepoint Ops LLC now owns 136,059 shares of the technology company's stock worth $2,947,000 after acquiring an additional 114,648 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in NetScout Systems by 4.4% during the fourth quarter. Vident Advisory LLC now owns 23,030 shares of the technology company's stock worth $499,000 after acquiring an additional 970 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Buying and Selling

In related news, Director Michael Szabados sold 4,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total value of $91,640.00. Following the sale, the director directly owned 38,939 shares in the company, valued at $892,092.49. The trade was a 9.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alfred Grasso sold 5,644 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total transaction of $137,939.36. Following the sale, the director owned 33,000 shares in the company, valued at $806,520. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock worth $358,873 over the last quarter. Insiders own 3.82% of the company's stock.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT traded up $0.14 during trading on Monday, reaching $25.97. The company had a trading volume of 561,392 shares, compared to its average volume of 619,559. The firm's fifty day moving average is $23.41 and its 200 day moving average is $22.61. The firm has a market capitalization of $1.87 billion, a PE ratio of 25.97 and a beta of 0.72. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.34 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 business had revenue of $186.75 million for the quarter, compared to the consensus estimate of $181.50 million. During the same period in the previous year, the firm earned $0.28 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Equities analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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 target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $29.00.

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.