Acadian Asset Management LLC Buys 75,786 Shares of NetScout Systems, Inc. $NTCT

Acadian Asset Management LLC increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 14.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,445 shares of the technology company's stock after purchasing an additional 75,786 shares during the quarter. Acadian Asset Management LLC owned approximately 0.84% of NetScout Systems worth $15,138,000 at the end of the most recent reporting period.Get NetScout Systems alerts:A number of other hedge funds have also recently added to or reduced their stakes in NTCT. Ameritas Advisory Services LLC acquired a new position in shares of NetScout Systems during the second quarter worth $27,000. Ransom Advisory Ltd bought a new stake in NetScout Systems during the 1st quarter worth $34,000. PNC Financial Services Group Inc. increased its holdings in NetScout Systems by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock worth $85,000 after purchasing an additional 553 shares in the last quarter. State of Wyoming bought a new position in NetScout Systems in the first quarter valued at about $106,000. Finally, AlphaQuest LLC raised its position in NetScout Systems by 19.5% in the second quarter. AlphaQuest LLC now owns 7,130 shares of the technology company's stock valued at $177,000 after purchasing an additional 1,163 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock. Wall Street Analyst Weigh InSeveral research analysts have recently issued reports on the company. 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. Royal Bank Of Canada boosted their target price on shares of NetScout Systems from $26.00 to $31.00 and gave the stock a "sector perform" rating in a report on Friday, November 7th. Finally, Weiss Ratings raised shares of NetScout Systems from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.View Our Latest Research Report on NetScout SystemsInsider Buying and Selling at NetScout SystemsIn other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the transaction, the executive vice president owned 135,494 shares in the company, valued at $4,064,820. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Szabados sold 4,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total value of $91,640.00. Following the sale, the director owned 38,939 shares in the company, valued at approximately $892,092.49. The trade was a 9.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,000 shares of company stock worth $532,273 in the last quarter. 3.82% of the stock is currently owned by company insiders. NetScout Systems Trading Down 3.3%NTCT opened at $28.30 on Wednesday. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $30.67. The company has a market cap of $2.03 billion, a P/E ratio of 28.30 and a beta of 0.71. The company has a fifty day moving average price of $26.32 and a two-hundred day moving average price of $24.16. NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. The firm had revenue of $219.02 million during the quarter, compared to analysts' expectations of $200.60 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The business's revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. On average, research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year. NetScout Systems Profile (Free Report)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.See AlsoFive stocks we like better than NetScout SystemsMastering Discipline: Overcoming Emotional Challenges In TradingCoreWeave's Guidance Cut: A Buying Opportunity in Disguise?Ride Out The Recession With These Dividend Kings Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?What is the Euro STOXX 50 Index?BigBear.ai Stock Is Range-Bound—Wall Street Isn’t Buying the HypeWant to see what other hedge funds are holding NTCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetScout Systems, Inc. (NASDAQ:NTCT - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in NetScout Systems Right Now?Before you consider NetScout Systems, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetScout Systems wasn't on the list.While NetScout Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here