NetScout Systems, Inc. $NTCT Shares Sold by Pacer Advisors Inc.

by · The Cerbat Gem

Pacer Advisors Inc. lowered its holdings in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 13.0% during the third quarter, Holdings Channel.com reports. The firm owned 449,318 shares of the technology company’s stock after selling 67,268 shares during the period. Pacer Advisors Inc.’s holdings in NetScout Systems were worth $11,606,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. American Century Companies Inc. increased its position in shares of NetScout Systems by 161.6% during the 1st quarter. American Century Companies Inc. now owns 93,046 shares of the technology company’s stock worth $1,955,000 after purchasing an additional 57,483 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of NetScout Systems during the first quarter valued at about $475,000. Ieq Capital LLC raised its stake in shares of NetScout Systems by 22.4% in the 1st quarter. Ieq Capital LLC now owns 31,261 shares of the technology company’s stock valued at $657,000 after acquiring an additional 5,723 shares during the period. Trexquant Investment LP lifted its holdings in shares of NetScout Systems by 62.9% in the 1st quarter. Trexquant Investment LP now owns 256,853 shares of the technology company’s stock worth $5,396,000 after acquiring an additional 99,224 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of NetScout Systems during the 1st quarter worth approximately $106,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Sanjay Munshi sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the transaction, the chief operating officer directly owned 6,254 shares of the company’s stock, valued at approximately $170,296.42. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president owned 135,494 shares in the company, valued at $4,064,820. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,000 shares of company stock worth $507,960 in the last quarter. 3.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on NetScout Systems from $26.00 to $31.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

View Our Latest Stock Analysis on NetScout Systems

NetScout Systems Stock Down 0.1%

NetScout Systems stock opened at $27.85 on Friday. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $30.67. The firm has a market cap of $2.01 billion, a PE ratio of 22.83 and a beta of 0.66. The company’s 50 day moving average is $27.26 and its two-hundred day moving average is $25.20.

NetScout Systems (NASDAQ:NTCT – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. The business had revenue of $219.02 million during the quarter, compared to the consensus estimate of $200.60 million. NetScout Systems had a net margin of 10.38% and a return on equity of 8.16%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS and its FY 2026 guidance at 2.350-2.45 EPS. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

About NetScout Systems

(Free Report)

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.

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