Magnetar Financial LLC Has $815,000 Stake in NetScout Systems, Inc. $NTCT

Key Points

• Magnetar Financial LLC increased its stake in NetScout Systems by 117.6% during the first quarter, owning 38,778 shares worth approximately $815,000.
• NetScout Systems reported $0.34 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 6.9% year-over-year.
• Analysts have given a buy rating to NetScout Systems with an average price target of $29.00, indicating potential for growth in the company's stock price.

Magnetar Financial LLC grew its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 117.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,778 shares of the technology company's stock after purchasing an additional 20,961 shares during the period. Magnetar Financial LLC owned about 0.05% of NetScout Systems worth $815,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of NetScout Systems in the first quarter worth about $13,894,000. LSV Asset Management grew its stake 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 purchasing an additional 652,155 shares during the period. Assenagon Asset Management S.A. raised its stake in NetScout Systems by 39.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock worth $24,211,000 after acquiring an additional 328,468 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in NetScout Systems by 54.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company's stock valued at $10,496,000 after buying an additional 175,894 shares in the last quarter. Finally, Algert Global LLC bought a new stake in NetScout Systems during the 1st quarter worth approximately $3,690,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Price Performance

NTCT stock traded up $0.21 during mid-day trading on Thursday, reaching $24.94. The company had a trading volume of 166,883 shares, compared to its average volume of 515,122. The stock has a 50 day simple moving average of $23.07 and a two-hundred day simple moving average of $22.39. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 24.91 and a beta of 0.73.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued 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. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $181.50 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, equities analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Activity

In related news, Director Alfred Grasso sold 5,644 shares of NetScout Systems stock in a transaction that occurred 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 directly owned 33,000 shares of the company's stock, valued at approximately $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 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 completion of the transaction, the director owned 38,939 shares of the company's stock, valued at $892,092.49. The trade was a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,500 shares of company stock worth $442,348. Corporate insiders own 3.82% of the company's stock.

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 on the stock. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $29.00.

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.