Keeley Teton Advisors LLC Acquires 29,261 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Keeley Teton Advisors LLC increased its stake in NetScout Systems by 36.4%, owning 109,672 shares valued at approximately $2.3 million.
• Insiders, including Director Joseph G. Hadzima, Jr., have recently sold shares of NetScout, decreasing their ownership, with a total of 10,500 shares sold worth around $245,525.
• NetScout reported strong earnings for the most recent quarter, with $0.34 EPS surpassing analyst estimates of $0.29 and revenue of $186.75 million, a 6.9% increase year-over-year.

Keeley Teton Advisors LLC grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 36.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,672 shares of the technology company's stock after purchasing an additional 29,261 shares during the quarter. Keeley Teton Advisors LLC owned about 0.15% of NetScout Systems worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hohimer Wealth Management LLC boosted its stake in NetScout Systems by 4.8% during the first quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company's stock worth $233,000 after acquiring an additional 504 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of NetScout Systems by 15.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock valued at $85,000 after purchasing an additional 553 shares during the period. Mariner LLC raised its holdings in shares of NetScout Systems by 5.4% during the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company's stock valued at $288,000 after purchasing an additional 681 shares during the period. Natixis Advisors LLC boosted its position in shares of NetScout Systems by 2.4% during the 1st quarter. Natixis Advisors LLC now owns 29,371 shares of the technology company's stock worth $617,000 after purchasing an additional 681 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of NetScout Systems by 4.4% in the 4th quarter. Vident Advisory LLC now owns 23,030 shares of the technology company's stock valued at $499,000 after buying an additional 970 shares during the period. Institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Down 0.8%

NTCT stock traded down $0.19 during mid-day trading on Friday, reaching $24.89. 474,561 shares of the company traded hands, compared to its average volume of 619,477. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 24.89 and a beta of 0.65. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $27.89. The firm's 50 day moving average price is $23.05 and its 200 day moving average price is $22.38.

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

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on NetScout Systems in a research note on Tuesday. They set a "buy" rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems currently has an average rating of "Buy" and an average price target of $29.00.

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total transaction of $83,475.00. Following the transaction, the director directly owned 127,798 shares in the company, valued at approximately $3,047,982.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alfred Grasso sold 5,644 shares of NetScout Systems stock in a transaction on 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 directly owned 33,000 shares in the company, valued at $806,520. This represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,500 shares of company stock valued at $442,348. 3.82% of the stock is owned by insiders.

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.