Strs Ohio Invests $540,000 in NetScout Systems, Inc. $NTCT

Key Points

• Strs Ohio acquired a new stake in NetScout Systems, purchasing 25,700 shares valued at approximately $540,000 in the first quarter, highlighting increasing institutional interest in the company.
• NetScout reported $0.34 EPS for the last quarter, surpassing analysts' estimates, with a revenue of $186.75 million, up by 6.9% year-over-year.
• According to analysts, the company holds an average rating of "Buy" with a consensus price target of $29.00, indicating positive market sentiment for its future performance.

Strs Ohio purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,700 shares of the technology company's stock, valued at approximately $540,000.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NetScout Systems by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company's stock valued at $852,000 after buying an additional 1,481 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in NetScout Systems by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 666,681 shares of the technology company's stock valued at $14,440,000 after buying an additional 4,184 shares in the last quarter. Tidal Investments LLC increased its holdings in NetScout Systems by 4.4% in the fourth quarter. Tidal Investments LLC now owns 30,514 shares of the technology company's stock valued at $661,000 after buying an additional 1,294 shares in the last quarter. Squarepoint Ops LLC increased its holdings in NetScout Systems by 535.5% in the fourth quarter. Squarepoint Ops LLC now owns 136,059 shares of the technology company's stock valued at $2,947,000 after buying an additional 114,648 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in NetScout Systems by 4.4% in the fourth 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 in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT traded up $0.14 during mid-day trading on Monday, hitting $25.97. The stock had a trading volume of 561,392 shares, compared to its average volume of 619,559. The company has a market cap of $1.87 billion, a PE ratio of 25.97 and a beta of 0.72. NetScout Systems, Inc. has a 12-month low of $18.12 and a 12-month high of $27.89. The company's 50 day moving average is $23.34 and its 200-day moving average is $22.58.

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

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the company'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 transaction, the director owned 38,939 shares in the company, valued at approximately $892,092.49. This represents a 9.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred Grasso sold 5,644 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 in the company, valued at approximately $806,520. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,000 shares of company stock worth $358,873. Company insiders own 3.82% of the company's stock.

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.