Caxton Associates LLP Purchases New Shares in NetScout Systems, Inc. $NTCT

Key Points

• Caxton Associates LLP has made a new investment of approximately $492,000 in NetScout Systems, acquiring 23,418 shares of the company during the 1st quarter.
• NetScout Systems reported a quarterly earnings per share (EPS) of $0.34, exceeding analysts' estimates of $0.29, with a revenue of $186.75 million, representing a 6.9% year-over-year increase.
• Currently, institutional investors own 91.64% of NetScout's stock, reflecting significant interest from major financial institutions.

Caxton Associates LLP bought a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,418 shares of the technology company's stock, valued at approximately $492,000.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in NetScout Systems during the fourth quarter valued at approximately $71,000. PNC Financial Services Group Inc. grew its position in NetScout Systems by 15.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock valued at $85,000 after buying an additional 553 shares during the period. State of Wyoming bought a new stake in NetScout Systems during the first quarter valued at approximately $106,000. Quantbot Technologies LP grew its position in NetScout Systems by 262.1% during the first quarter. Quantbot Technologies LP now owns 8,782 shares of the technology company's stock valued at $185,000 after buying an additional 6,357 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in NetScout Systems during the first quarter valued at approximately $216,000. 91.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They issued a "buy" rating and a $33.00 price target for the company. One 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.com, the company currently has a consensus rating of "Buy" and a consensus price target of $29.00.

NetScout Systems Price Performance

Shares of NTCT stock traded up $0.31 during mid-day trading on Monday, hitting $25.41. The company had a trading volume of 560,183 shares, compared to its average volume of 519,661. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The stock's 50 day moving average price is $23.11 and its 200-day moving average price is $22.44. The company has a market capitalization of $1.83 billion, a P/E ratio of 25.41 and a beta of 0.72.

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 the consensus estimate 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 the consensus estimate of $181.50 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The company's quarterly 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, equities research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

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

About NetScout Systems

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.