Deutsche Bank AG Purchases New Position in NetScout Systems, Inc. $NTCT

Deutsche Bank AG purchased a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 177,624 shares of the technology company's stock, valued at approximately $7,736,000. Deutsche Bank AG owned approximately 0.24% of NetScout Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC grew its holdings in shares of NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company's stock worth $368,000 after acquiring an additional 437 shares during the period. IFP Advisors Inc lifted its stake in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company's stock valued at $27,000 after purchasing an additional 602 shares during the period. Quantinno Capital Management LP lifted its stake in shares of NetScout Systems by 6.2% in the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company's stock valued at $262,000 after purchasing an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of NetScout Systems by 14.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company's stock valued at $132,000 after purchasing an additional 618 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company's stock valued at $35,000 after purchasing an additional 621 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Price Performance

Shares of NTCT opened at $38.49 on Monday. The stock has a market cap of $2.80 billion, a P/E ratio of 23.47 and a beta of 0.69. The business's 50 day moving average price is $40.70 and its 200-day moving average price is $36.23. NetScout Systems, Inc. has a 52 week low of $22.75 and a 52 week high of $45.28.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The company had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Analyst Ratings Changes

NTCT has been the subject of a number of research reports. Royal Bank Of Canada increased their price objective on NetScout Systems from $29.00 to $38.00 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Weiss Ratings raised shares of NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 13th. Zacks Research raised shares of NetScout Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $35.50.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 8,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the transaction, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the transaction, the chief operating officer directly owned 6,729 shares of the company's stock, valued at approximately $264,247.83. This represents a 25.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,269 shares of company stock valued at $718,704 over the last 90 days. Corporate insiders own 4.74% of the company's stock.

NetScout Systems Company Profile

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout's flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.

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