AQR Capital Management LLC Has $9.34 Million Holdings in NetScout Systems, Inc. $NTCT

Key Points

• AQR Capital Management increased its stake in NetScout Systems by 4.1%, owning 444,318 shares valued at $9.3 million, while institutional investors overall own 91.64% of the company's stock.
• NetScout Systems reported a quarterly EPS of $0.34, exceeding analysts' expectations of $0.29, and its revenue increased by 6.9% year-over-year, reaching $186.75 million.
• Recent analyst ratings for NetScout Systems include a "buy" rating from B. Riley with a price target of $33.00, while the average price target is $29.00.

AQR Capital Management LLC raised its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,318 shares of the technology company's stock after purchasing an additional 17,453 shares during the quarter. AQR Capital Management LLC owned approximately 0.62% of NetScout Systems worth $9,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTCT. Northern Trust Corp grew its stake 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 purchasing an additional 16,013 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of NetScout Systems during the 4th quarter worth about $317,000. Captrust Financial Advisors boosted its stake in shares of NetScout Systems by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock worth $524,000 after acquiring an additional 993 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of NetScout Systems by 7.3% during the 4th 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 in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of NetScout Systems during the 4th quarter worth about $229,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Price Performance

Shares of NASDAQ NTCT traded down $0.70 during trading hours on Friday, hitting $25.10. 457,201 shares of the company's stock were exchanged, compared to its average volume of 530,857. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $27.89. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.10 and a beta of 0.73. The company's 50-day moving average price is $23.11 and its 200-day moving average price is $22.45.

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 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 business had revenue of $186.75 million during the quarter, compared to analysts' expectations of $181.50 million. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm's 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, research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on NetScout Systems in a research note on Tuesday, August 26th. They set a "buy" rating and a $33.00 price target for the company. One 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.

Insider Activity

In related news, Director Alfred Grasso sold 5,644 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total transaction of $137,939.36. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Szabados sold 4,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.91, for a total value of $91,640.00. Following the transaction, the director directly owned 38,939 shares of the company's stock, valued at $892,092.49. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock valued at $358,873 in the last three months. 3.82% of the stock is owned by insiders.

NetScout Systems 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.