Voya Investment Management LLC Buys 19,335 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Voya Investment Management LLC increased its stake in NetScout Systems by 36.8%, acquiring an additional 19,335 shares, bringing its total to 71,838 shares valued at approximately $1.51 million.
• Additionally, analysts at B. Riley set a buy rating for NetScout Systems and a target price of $33.00, with a consensus average target price of $29.00.
• NetScout Systems reported a quarterly earnings per share (EPS) of $0.34, surpassing analysts' expectations, and achieved year-over-year revenue growth of 6.9% in the latest quarter.

Voya Investment Management LLC increased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 36.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,838 shares of the technology company's stock after buying an additional 19,335 shares during the period. Voya Investment Management LLC owned 0.10% of NetScout Systems worth $1,509,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Hohimer Wealth Management LLC increased 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 purchasing an additional 504 shares in the last quarter. PNC Financial Services Group Inc. raised 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 in the last quarter. Natixis Advisors LLC raised its position in shares of NetScout Systems by 2.4% in the first quarter. Natixis Advisors LLC now owns 29,371 shares of the technology company's stock valued at $617,000 after purchasing an additional 681 shares during the period. Vident Advisory LLC raised its position in shares of 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 purchasing an additional 970 shares during the period. Finally, Tidal Investments LLC increased its position in NetScout Systems by 4.4% during the fourth quarter. Tidal Investments LLC now owns 30,514 shares of the technology company's stock worth $661,000 after acquiring an additional 1,294 shares during the period. Institutional investors own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

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

NetScout Systems Trading Up 0.5%

NTCT opened at $25.97 on Tuesday. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $27.89. The company has a market cap of $1.87 billion, a P/E ratio of 25.97 and a beta of 0.72. The company has a fifty day moving average price of $23.41 and a two-hundred day moving average price of $22.61.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The business 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 quarterly revenue was up 6.9% on a year-over-year basis. 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. On average, research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of the business's stock in a transaction 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 sale, the director owned 33,000 shares in the company, valued at approximately $806,520. The trade was a 14.61% 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 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 sale, the director owned 38,939 shares of the company's stock, valued at $892,092.49. This trade 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 90 days. 3.82% of the stock is currently 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.

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