Rafferty Asset Management LLC Has $500,000 Stock Position in NetScout Systems, Inc. $NTCT

Rafferty Asset Management LLC cut its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,784 shares of the technology company’s stock after selling 2,602 shares during the quarter. Rafferty Asset Management LLC’s holdings in NetScout Systems were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of NetScout Systems in the first quarter worth approximately $475,000. Hsbc Holdings PLC raised its stake in shares of NetScout Systems by 306.9% in the first quarter. Hsbc Holdings PLC now owns 112,956 shares of the technology company’s stock worth $2,378,000 after purchasing an additional 85,196 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of NetScout Systems by 262.1% in the first quarter. Quantbot Technologies LP now owns 8,782 shares of the technology company’s stock worth $185,000 after purchasing an additional 6,357 shares during the last quarter. Versor Investments LP raised its stake in shares of NetScout Systems by 237.6% in the first quarter. Versor Investments LP now owns 47,881 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 33,700 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of NetScout Systems in the first quarter worth approximately $3,690,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total transaction of $83,475.00. Following the completion of the transaction, the director directly owned 127,798 shares of the company’s stock, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alfred Grasso sold 5,644 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total value of $137,939.36. Following the transaction, the director directly owned 33,000 shares of the company’s stock, valued at approximately $806,520. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,500 shares of company stock valued at $442,348. Company insiders own 3.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on NetScout Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $29.00.

NetScout Systems Trading Down 1.0%

Shares of NTCT opened at $24.64 on Wednesday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 24.64 and a beta of 0.73. The stock has a 50 day moving average of $23.07 and a 200 day moving average of $22.37. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $27.89.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The business had revenue of $186.75 million during the quarter, compared to analyst estimates of $181.50 million. During the same period in the prior year, the company earned $0.28 earnings per share. NetScout Systems’s revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. As a group, equities research analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

NetScout Systems Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.