SG Americas Securities LLC Has $20.24 Million Stock Position in NetScout Systems, Inc. $NTCT

SG Americas Securities LLC lifted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 41.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 636,640 shares of the technology company’s stock after buying an additional 186,903 shares during the period. SG Americas Securities LLC’s holdings in NetScout Systems were worth $20,239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTCT. CIBC Bancorp USA Inc. acquired a new position in NetScout Systems in the third quarter valued at about $118,440,000. Dimensional Fund Advisors LP raised its position in shares of NetScout Systems by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after purchasing an additional 109,910 shares during the period. State Street Corp lifted its holdings in shares of NetScout Systems by 1.7% during the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after purchasing an additional 51,835 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after purchasing an additional 729,632 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of NetScout Systems by 34.6% in the 4th quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock valued at $61,914,000 after purchasing an additional 588,022 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Stock Down 0.9%

NASDAQ:NTCT opened at $40.29 on Thursday. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $43.80. The business has a 50 day moving average price of $38.31 and a two-hundred day moving average price of $32.31. The company has a market cap of $2.88 billion, a P/E ratio of 30.99 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $203.03 million for the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $35.50.

Insiders Place Their Bets

In other news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares in the company, valued at $1,423,450. This represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the completion of the transaction, the executive vice president owned 129,121 shares of the company’s stock, valued at $5,202,285.09. The trade was a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.82% of the stock is currently owned by company insiders.

NetScout Systems Profile

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.