Assenagon Asset Management S.A. Trims Position in NetScout Systems, Inc. $NTCT

Assenagon Asset Management S.A. trimmed its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 7.0% during the 2nd quarter, Holdings Channel reports. The fund owned 1,072,227 shares of the technology company’s stock after selling 80,152 shares during the period. Assenagon Asset Management S.A.’s holdings in NetScout Systems were worth $26,602,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NTCT. Nuveen LLC purchased a new position in NetScout Systems during the 1st quarter valued at about $13,894,000. LSV Asset Management increased its position in NetScout Systems by 253.1% during the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company’s stock valued at $19,116,000 after purchasing an additional 652,155 shares during the period. Goldman Sachs Group Inc. increased its position in NetScout Systems by 17.1% during the 1st 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. Robeco Institutional Asset Management B.V. increased its position in NetScout Systems by 54.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company’s stock valued at $10,496,000 after purchasing an additional 175,894 shares during the period. Finally, Algert Global LLC purchased a new position in NetScout Systems during the 1st quarter valued at about $3,690,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 0.9%

NTCT stock opened at $25.83 on Monday. The firm has a 50 day moving average of $23.34 and a 200 day moving average of $22.58. The stock has a market capitalization of $1.86 billion, a PE ratio of 25.83 and a beta of 0.72. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89.

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

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of NetScout Systems stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total transaction of $137,939.36. Following the completion of the sale, the director directly owned 33,000 shares in the company, valued at approximately $806,520. The trade was a 14.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the sale, the director owned 38,939 shares of the company’s stock, valued at approximately $892,092.49. The trade was a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,000 shares of company stock valued at $358,873. Company insiders own 3.82% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $29.00.

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.