Odyssean LLC Boosts Stake in NetScout Systems, Inc. $NTCT

Odyssean LLC lifted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 44.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,772 shares of the technology company’s stock after buying an additional 21,962 shares during the period. Odyssean LLC owned approximately 0.10% of NetScout Systems worth $3,126,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in NetScout Systems in the 2nd quarter worth about $498,027,000. Dimensional Fund Advisors LP boosted its holdings in shares of NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock valued at $135,391,000 after acquiring an additional 110,702 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of NetScout Systems during the 2nd quarter valued at about $165,970,000. State Street Corp grew its stake in shares of NetScout Systems by 1.7% in the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after acquiring an additional 51,835 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of NetScout Systems by 40.8% in the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after acquiring an additional 729,632 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the transaction, the executive vice president directly owned 127,809 shares of the company’s stock, valued at approximately $4,909,143.69. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the transaction, the chief operating officer directly owned 6,729 shares in the company, valued at approximately $264,247.83. This represents a 25.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,269 shares of company stock valued at $718,704 over the last 90 days. 4.74% of the stock is currently owned by company insiders.

NetScout Systems Trading Up 0.7%

NTCT opened at $38.06 on Wednesday. The company’s 50 day moving average is $40.59 and its 200 day moving average is $36.37. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 23.21 and a beta of 0.69. NetScout Systems, Inc. has a 12-month low of $23.59 and a 12-month high of $45.28.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The business had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTCT. Royal Bank Of Canada increased their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.