SEB Asset Management AB Takes $14.14 Million Position in NetScout Systems, Inc. $NTCT

SEB Asset Management AB bought a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 1st quarter, HoldingsChannel reports. The firm bought 444,688 shares of the technology company’s stock, valued at approximately $14,137,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTCT. Royal Bank of Canada grew its position in NetScout Systems by 23.3% in the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock valued at $1,088,000 after acquiring an additional 9,802 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NetScout Systems by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after purchasing an additional 2,036 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of NetScout Systems by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after purchasing an additional 207,807 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in NetScout Systems by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock valued at $4,481,000 after purchasing an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in NetScout Systems by 64.3% during the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after purchasing an additional 136,253 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John Downing sold 8,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the sale, the executive vice president directly owned 129,121 shares in the company, valued at approximately $5,202,285.09. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the sale, the director directly owned 35,000 shares in the company, valued at approximately $1,423,450. This trade represents a 12.50% 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. Insiders own 3.82% of the company’s stock.

NetScout Systems Stock Performance

NetScout Systems stock opened at $41.53 on Tuesday. The firm’s 50-day moving average is $41.15 and its 200-day moving average is $34.17. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $45.28. The company has a market cap of $2.97 billion, a P/E ratio of 31.95 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $203.03 million during 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 company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, sell-side analysts predict that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NetScout Systems presently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

About NetScout Systems

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.