Northern Trust Corp Lowers Position in NetScout Systems, Inc. $NTCT

Key Points

• Northern Trust Corp reduced its stake in NetScout Systems by 1.3%, now holding 785,077 shares valued at approximately $16.49 million, according to its latest 13F filing.
• NetScout Systems reported a quarterly EPS of $0.34, surpassing analysts' expectations of $0.29, with revenues rising by 6.9% year-over-year to $186.75 million.
• B. Riley initiated coverage on NetScout Systems with a "buy" rating and a target price of $33.00, contributing to the company's current consensus rating of "Buy" with an average target price of $29.00.

Northern Trust Corp cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 785,077 shares of the technology company's stock after selling 10,533 shares during the quarter. Northern Trust Corp owned 1.09% of NetScout Systems worth $16,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NTCT. Point72 Asia Singapore Pte. Ltd. purchased a new stake in NetScout Systems during the 4th quarter valued at about $71,000. PNC Financial Services Group Inc. boosted its holdings in NetScout Systems by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock valued at $85,000 after acquiring an additional 553 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in NetScout Systems during the 1st quarter valued at about $216,000. Lazard Asset Management LLC purchased a new stake in NetScout Systems during the 4th quarter valued at about $229,000. Finally, Hohimer Wealth Management LLC boosted its holdings in NetScout Systems by 4.8% during the 1st 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 period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on NetScout Systems in a report on Tuesday, August 26th. They issued a "buy" rating and a $33.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $29.00.

NetScout Systems Price Performance

NASDAQ:NTCT traded down $0.19 during trading hours on Friday, hitting $24.86. The company had a trading volume of 570,629 shares, compared to its average volume of 554,630. The company has a market capitalization of $1.79 billion, a PE ratio of 24.86 and a beta of 0.72. The stock has a 50-day moving average price of $23.08 and a 200 day moving average price of $22.38. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings results 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 business had revenue of $186.75 million for the quarter, compared to analysts' expectations of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The firm'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 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In other news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total value of $83,475.00. Following the completion of the transaction, the director owned 127,798 shares in the company, valued at $3,047,982.30. This trade represents a 2.67% decrease in their position. The transaction 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 firm's stock in a transaction that occurred 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 approximately $892,092.49. The trade was a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,500 shares of company stock worth $442,348 in the last quarter. 3.82% of the stock is owned by company 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.