Caxton Associates LLP Purchases Shares of 23,418 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 acquired a new stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,418 shares of the technology company's stock, valued at approximately $492,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company's stock worth $29,844,000 after purchasing an additional 207,807 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NetScout Systems by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,264,530 shares of the technology company's stock valued at $26,568,000 after buying an additional 13,374 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NetScout Systems by 39.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock valued at $24,211,000 after buying an additional 328,468 shares in the last quarter. LSV Asset Management raised its position in shares of NetScout Systems by 253.1% in the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock valued at $19,116,000 after buying an additional 652,155 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of NetScout Systems by 2.1% in the 4th quarter. Northern Trust Corp now owns 795,610 shares of the technology company's stock valued at $17,233,000 after buying an additional 16,013 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Stock Up 0.6%

NTCT traded up $0.15 during trading on Wednesday, hitting $25.36. 69,732 shares of the company's stock were exchanged, compared to its average volume of 516,420. The business's 50 day moving average is $23.16 and its two-hundred day moving average is $22.48. The stock has a market cap of $1.82 billion, a P/E ratio of 25.42 and a beta of 0.73. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $27.89.

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

Insider Activity

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the transaction, the director owned 38,939 shares in the company, valued at $892,092.49. This trade represents a 9.32% decrease in their ownership of the stock. The sale 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 stock in a transaction dated 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 of the company's stock, valued at $806,520. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,000 shares of company stock valued at $358,873. 3.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.