Savant Capital LLC Buys New Stake in NetScout Systems, Inc. $NTCT

Savant Capital LLC purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,722 shares of the technology company’s stock, valued at approximately $291,000.

Other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of NetScout Systems in the second quarter worth about $27,000. Ransom Advisory Ltd acquired a new position in NetScout Systems in the first quarter valued at approximately $34,000. PNC Financial Services Group Inc. boosted its position in NetScout Systems by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company’s stock worth $85,000 after purchasing an additional 553 shares in the last quarter. State of Wyoming acquired a new stake in shares of NetScout Systems during the 1st quarter worth approximately $106,000. Finally, AlphaQuest LLC increased its holdings in shares of NetScout Systems by 19.5% during the 2nd quarter. AlphaQuest LLC now owns 7,130 shares of the technology company’s stock valued at $177,000 after purchasing an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 3.9%

NTCT opened at $25.67 on Wednesday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 25.67 and a beta of 0.71. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $30.67. The firm’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $24.37.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The firm had revenue of $219.02 million during the quarter, compared to the consensus estimate of $200.60 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. On average, research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

NTCT has been the topic of a number of recent analyst reports. B. Riley initiated 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. Royal Bank Of Canada upped their price objective on shares of NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity

In other news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president directly owned 135,494 shares of the company’s stock, valued at $4,064,820. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alfred Grasso sold 5,644 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the sale, the director owned 33,000 shares of the company’s stock, valued at $806,520. The trade was a 14.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,000 shares of company stock worth $532,273 over the last quarter. 3.82% of the stock is currently owned by corporate insiders.

NetScout Systems 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.