NetScout Systems, Inc. $NTCT Stock: Inspire Investing LLC Raises Stake

Key Points

• Inspire Investing increased its NetScout Systems stake by 407.4% in the third quarter, bringing its holdings to 78,887 shares valued at approximately $3.17 million. Institutional investors and hedge funds collectively own 91.64% of NTCT.
• NetScout reported quarterly adjusted EPS of $0.52, beating estimates of $0.38, while revenue of $210.42 million exceeded expectations and rose 12.7% year over year.
• Analyst sentiment remains mixed, with NTCT carrying a consensus “Hold” rating and an average price target of $46.50. Meanwhile, insiders sold 21,269 shares worth approximately $813,184 during the last quarter.

Inspire Investing LLC raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 407.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,887 shares of the technology company's stock after purchasing an additional 63,339 shares during the period. Inspire Investing LLC owned 0.11% of NetScout Systems worth $3,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NTCT. Counterpoint Mutual Funds LLC acquired a new stake in NetScout Systems in the 3rd quarter worth about $612,000. Assenagon Asset Management S.A. bought a new stake in NetScout Systems in the 3rd quarter valued at about $1,057,000. Contravisory Investment Management Inc. grew its position in shares of NetScout Systems by 17.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 8,828 shares of the technology company's stock worth $355,000 after purchasing an additional 1,334 shares in the last quarter. GAMMA Investing LLC grew its position in shares of NetScout Systems by 20.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,768 shares of the technology company's stock worth $71,000 after purchasing an additional 303 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of NetScout Systems by 64.4% during the second quarter. Tidal Investments LLC now owns 38,940 shares of the technology company's stock worth $1,696,000 after purchasing an additional 15,259 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Szabados sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $150,800.00. Following the sale, the director owned 41,654 shares in the company, valued at approximately $1,570,355.80. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 21,269 shares of company stock worth $813,184. Insiders own 4.74% of the company's stock.

NetScout Systems Stock Up 3.5%

NTCT opened at $39.67 on Friday. NetScout Systems, Inc. has a twelve month low of $25.29 and a twelve month high of $45.28. The company has a 50-day simple moving average of $38.83 and a 200 day simple moving average of $38.98. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 24.19 and a beta of 0.69.

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

Wall Street Analysts Forecast Growth

NTCT has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Zacks Research cut NetScout Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 8th. Royal Bank Of Canada increased their price target on NetScout Systems from $38.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, B. Riley Financial reaffirmed a "buy" rating and issued a $50.00 price objective on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $46.50.

NetScout Systems Company Profile

NetScout Systems, Inc NASDAQ: NTCT provides network performance management, service assurance and cybersecurity solutions for enterprises, communications service providers, government organizations and other large institutions. Its technologies are designed to help customers monitor network traffic, identify performance issues, maintain service availability and detect or respond to cyberthreats.

The company's offerings include the nGeniusONE service assurance platform, InfiniStream network monitoring and packet-based visibility technologies, and solutions associated with its Arbor portfolio for distributed denial-of-service protection, network detection and response, and other cybersecurity applications.

Want to see what other hedge funds are holding NTCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetScout Systems, Inc. (NASDAQ:NTCT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.