Trexquant Investment LP Purchases 99,224 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Trexquant Investment LP has raised its stake in NetScout Systems by 62.9% to 256,853 shares, now valued at approximately $5.4 million.
• NetScout reported a quarterly revenue of $186.75 million, exceeding analyst expectations, and a year-over-year EPS increase from $0.28 to $0.34.
• Shares of NetScout opened at $24.89 with a market cap of $1.79 billion and a consensus rating of "Buy" from analysts.

Trexquant Investment LP increased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 62.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,853 shares of the technology company's stock after purchasing an additional 99,224 shares during the quarter. Trexquant Investment LP owned approximately 0.36% of NetScout Systems worth $5,396,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC lifted its stake in NetScout Systems by 4.8% in the first quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company's stock valued at $233,000 after acquiring an additional 504 shares during the last quarter. PNC Financial Services Group Inc. increased its position in 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 worth $85,000 after acquiring an additional 553 shares during the period. Mariner LLC increased its position in NetScout Systems by 5.4% during the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after acquiring an additional 681 shares during the period. Natixis Advisors LLC increased its holdings in NetScout Systems by 2.4% in the 1st quarter. Natixis Advisors LLC now owns 29,371 shares of the technology company's stock valued at $617,000 after buying an additional 681 shares during the period. Finally, Vident Advisory LLC increased its holdings in 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 and hedge funds own 91.64% of the company's stock.

Insider Activity

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the sale, the director owned 38,939 shares in the company, valued at approximately $892,092.49. The trade was a 9.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the sale, the director owned 127,798 shares of the company's stock, valued at $3,047,982.30. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,500 shares of company stock worth $442,348 in the last quarter. 3.82% of the stock is owned by corporate insiders.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT traded down $0.19 during midday trading on Friday, reaching $24.86. The stock had a trading volume of 570,629 shares, compared to its average volume of 561,526. The company's 50 day moving average price is $23.08 and its 200 day moving average price is $22.39. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 24.86 and a beta of 0.73. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $27.89.

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

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of NetScout Systems in a report on Tuesday, August 26th. They set a "buy" rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NetScout Systems currently has a consensus rating of "Buy" and an average price target of $29.00.

NetScout Systems Company 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.