Thornburg Investment Management Inc. Takes Position in Netskope Inc. $NTSK

Thornburg Investment Management Inc. acquired a new stake in Netskope Inc. (NASDAQ:NTSK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 302,288 shares of the company’s stock, valued at approximately $5,302,000. Thornburg Investment Management Inc. owned approximately 0.08% of Netskope at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in Netskope during the 4th quarter worth $25,000. Quarry LP acquired a new stake in Netskope during the 3rd quarter worth $41,000. Triumph Capital Management raised its stake in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN raised its stake in Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in Netskope during the 4th quarter worth $64,000.

Netskope Stock Down 2.5%

NTSK stock opened at $8.81 on Tuesday. The company has a market cap of $3.56 billion and a P/E ratio of -44.05. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The company’s 50-day moving average price is $10.35 and its 200 day moving average price is $12.95. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The company’s quarterly revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, research analysts expect that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NTSK shares. BTIG Research cut their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Citizens Jmp cut their price target on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company cut their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Morgan Stanley dropped their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Finally, KeyCorp lifted their price objective on shares of Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and an average target price of $17.16.

Netskope Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.