Cwm LLC Raises Position in NetScout Systems, Inc. $NTCT

Key Points

• Cwm LLC increased its position in NetScout Systems by 91.1% in Q2, owning 24,861 shares valued at $617,000.
• NetScout reported earnings of $0.34 per share for the quarter, outperforming estimates, with a revenue increase of 6.9% year-over-year.
• Brokerages have mixed ratings for NetScout, with a consensus price target of $29.00 and ratings ranging from "Strong Buy" to "Sell."

Cwm LLC raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 91.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,861 shares of the technology company's stock after acquiring an additional 11,850 shares during the quarter. Cwm LLC's holdings in NetScout Systems were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of NTCT. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NetScout Systems during the 1st quarter worth $216,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of NetScout Systems by 54.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company's stock worth $10,496,000 after acquiring an additional 175,894 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of NetScout Systems by 4.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 38,642 shares of the technology company's stock worth $812,000 after acquiring an additional 1,795 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of NetScout Systems by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 357,176 shares of the technology company's stock worth $7,504,000 after acquiring an additional 9,526 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of NetScout Systems by 1.8% during the 1st quarter. Impax Asset Management Group plc now owns 580,000 shares of the technology company's stock worth $12,186,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Price Performance

Shares of NTCT stock opened at $26.48 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 26.48 and a beta of 0.72. NetScout Systems, Inc. has a one year low of $18.12 and a one year high of $27.89. The company's fifty day moving average price is $25.26 and its 200-day moving average price is $23.40.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data 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 firm 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% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Equities research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NTCT. B. Riley began coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $33.00 price objective on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of NetScout Systems in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $29.00.

Insiders Place Their Bets

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction 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 approximately $892,092.49. The trade was a 9.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the director owned 33,000 shares in the company, valued at approximately $806,520. This represents a 14.61% decrease in their ownership of the stock. 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.

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.

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