NetScout Systems, Inc. $NTCT Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 8.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 147,875 shares of the technology company’s stock after selling 14,512 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NetScout Systems were worth $6,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NTCT. IFP Advisors Inc boosted its stake in shares of NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares during the last quarter. Advisory Services Network LLC acquired a new position in NetScout Systems in the third quarter valued at approximately $35,000. Global Retirement Partners LLC acquired a new position in NetScout Systems in the fourth quarter valued at approximately $39,000. Group One Trading LLC purchased a new stake in NetScout Systems in the 2nd quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. 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, NetScout Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $36.97 on Wednesday. NetScout Systems, Inc. has a one year low of $24.80 and a one year high of $45.28. The stock has a market cap of $2.69 billion, a PE ratio of 22.54 and a beta of 0.69. The stock has a 50 day moving average price of $40.04 and a 200 day moving average price of $37.03.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The company had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts predict that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In related news, COO Sanjay Munshi sold 2,269 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the sale, the chief operating officer owned 6,729 shares of the company’s stock, valued at approximately $264,247.83. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the transaction, the director directly owned 41,654 shares in the company, valued at $1,570,355.80. This trade represents a 8.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 14,269 shares of company stock valued at $547,184. 4.74% of the stock is 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.