Mirae Asset Global Investments Co. Ltd. Buys 22,844 Shares of NetScout Systems, Inc. $NTCT

Mirae Asset Global Investments Co. Ltd. bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,844 shares of the technology company’s stock, valued at approximately $918,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NTCT. BlackRock Inc. purchased a new position in NetScout Systems in the second quarter worth $498,027,000. Legal & General Group Plc purchased a new stake in shares of NetScout Systems during the 2nd quarter valued at $165,970,000. Bank of New York Mellon Corp bought a new stake in shares of NetScout Systems during the 2nd quarter worth $19,702,000. SEB Asset Management AB purchased a new position in shares of NetScout Systems in the 1st quarter worth about $14,137,000. Finally, Empowered Funds LLC purchased a new position in shares of NetScout Systems in the 2nd quarter worth about $14,811,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems News Roundup

Here are the key news stories impacting NetScout Systems this week:

• Positive Sentiment: Fiscal Q2 2027 adjusted EPS was $0.71, beating the $0.66 consensus and rising from $0.62 a year earlier. Revenue of $222.19 million also topped estimates of $218.77 million. Zacks earnings report
• Neutral Sentiment: NetScout maintained fiscal 2027 EPS guidance of $2.65–$2.80, above the $2.62 consensus. Revenue guidance of $885 million–$915 million brackets analysts’ $904.9 million estimate, while its midpoint is slightly below that forecast.
• Negative Sentiment: RBC cut its price target to $35 from $43 and kept a “sector perform” rating. The new target still implies about 11.1% upside from the cited $31.51 share price, but the sizable reduction may weigh on sentiment. RBC ratings information
• Negative Sentiment: Despite the quarterly beats, revenue increased just 1.4% year over year, suggesting modest growth and potentially limiting enthusiasm about the results.

Analyst Ratings Changes

A number of research firms recently issued reports on NTCT. Weiss Ratings upgraded shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada dropped their target price on shares of NetScout Systems from $43.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 8th. Finally, B. Riley Financial reissued a “buy” rating and issued a $50.00 price objective on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.50.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $31.51 on Monday. The firm has a market capitalization of $2.29 billion, a PE ratio of 17.90 and a beta of 0.72. NetScout Systems, Inc. has a 12 month low of $25.29 and a 12 month high of $45.28. The business’s 50-day moving average price is $38.66 and its 200-day moving average price is $36.49.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, November 5th. The technology company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $222.19 million during the quarter, compared to the consensus estimate of $218.77 million. NetScout Systems had a return on equity of 9.63% and a net margin of 14.62%. NetScout Systems’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. 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 Buying and Selling

In related news, Director Christopher Perretta sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $38.00, for a total transaction of $266,000.00. Following the transaction, the director directly owned 40,866 shares in the company, valued at $1,552,908. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,269 shares of company stock worth $813,184 in the last ninety days. Corporate insiders own 4.74% of the company’s stock.

About NetScout Systems

NetScout Systems, Inc provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments.

The company’s offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.