Cubist Systematic Strategies LLC Boosts Stake in NetScout Systems, Inc. $NTCT

Key Points

• Cubist Systematic Strategies LLC increased its holdings in NetScout Systems, Inc. by 284.9% in the first quarter, now owning 52,276 shares worth approximately $1.1 million.
• Analysts have initiated coverage on NetScout with a "buy" rating and a target price of $33.00, reflecting a consensus rating of "Buy" and a target price of $29.00 from various analysts.
• NetScout Systems reported earnings of $0.34 EPS for the last quarter, exceeding estimates, and projects FY 2026 EPS guidance between 2.250-2.40.

Cubist Systematic Strategies LLC grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 284.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,276 shares of the technology company's stock after acquiring an additional 38,693 shares during the quarter. Cubist Systematic Strategies LLC owned 0.07% of NetScout Systems worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Northern Trust Corp boosted its position in NetScout Systems by 2.1% in the fourth 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 during the last quarter. Balyasny Asset Management L.P. acquired a new stake in NetScout Systems during the 4th quarter valued at approximately $317,000. Captrust Financial Advisors boosted its holdings in shares of NetScout Systems by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock valued at $524,000 after acquiring an additional 993 shares during the last quarter. Deutsche Bank AG increased its stake in shares of NetScout Systems by 7.3% in the fourth quarter. Deutsche Bank AG now owns 470,845 shares of the technology company's stock worth $10,199,000 after acquiring an additional 32,025 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of NetScout Systems in the fourth quarter worth $229,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Trading Down 2.7%

NTCT traded down $0.70 during trading on Friday, hitting $25.10. The company's stock had a trading volume of 457,201 shares, compared to its average volume of 530,857. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.10 and a beta of 0.73. The business's fifty day simple moving average is $23.11 and its 200 day simple moving average is $22.44. 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 posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $186.75 million for 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 company's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. As a group, equities research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of NetScout Systems stock in a transaction 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 of the company's stock, valued at $806,520. The trade was a 14.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Szabados sold 4,000 shares of the company's 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 sale, the director directly owned 38,939 shares of the company's stock, valued at approximately $892,092.49. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,000 shares of company stock worth $358,873. 3.82% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $33.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $29.00.

NetScout Systems Company 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.