Magnetar Financial LLC Buys 31,000 Shares of NetScout Systems, Inc. $NTCT

Magnetar Financial LLC grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 79.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,778 shares of the technology company's stock after acquiring an additional 31,000 shares during the quarter. Magnetar Financial LLC owned 0.10% of NetScout Systems worth $1,731,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. EMC Capital Management bought a new stake in shares of NetScout Systems during the 2nd quarter worth approximately $138,000. LSV Asset Management raised its position in NetScout Systems by 33.9% during the second quarter. LSV Asset Management now owns 1,218,614 shares of the technology company's stock valued at $30,234,000 after purchasing an additional 308,759 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in NetScout Systems by 6.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,313 shares of the technology company's stock worth $454,000 after purchasing an additional 1,142 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in NetScout Systems by 8.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,201 shares of the technology company's stock worth $402,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of NetScout Systems by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,758,249 shares of the technology company's stock valued at $43,626,000 after purchasing an additional 21,498 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president owned 135,494 shares in the company, valued at $4,064,820. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alfred Grasso sold 5,644 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 in the company, valued at $806,520. The trade was a 14.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,000 shares of company stock worth $440,633. Corporate insiders own 3.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTCT. Weiss Ratings reiterated a "hold (c)" rating on shares of NetScout Systems in a research note on Monday, November 17th. Royal Bank Of Canada upped their target price on NetScout Systems from $26.00 to $31.00 and gave the stock a "sector perform" rating in a report on Friday, November 7th. Finally, B. Riley started coverage on NetScout Systems in a research report on Tuesday, August 26th. They issued a "buy" rating and a $33.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.00.

Check Out Our Latest Research Report on NTCT

NetScout Systems Price Performance

NetScout Systems stock opened at $25.97 on Friday. The stock's 50 day moving average is $26.55 and its 200 day moving average is $24.44. NetScout Systems, Inc. has a one year low of $18.12 and a one year high of $30.67. The firm has a market cap of $1.87 billion, a P/E ratio of 25.97 and a beta of 0.71.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. The business had revenue of $219.02 million during the quarter, compared to the consensus estimate of $200.60 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. NetScout Systems's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm 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. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

About NetScout Systems

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.

Read More

• Five stocks we like better than NetScout Systems
• 3 Ways To Invest In Coffee, Other Than Drinking It
• MP Materials Stock Soared After Earnings—Here’s the Real Reason
• What is the NASDAQ Stock Exchange?
• Why Palantir Slide May Be a Setup for a Long-Term Opportunity
• What is a Dividend King?
• Attention Income Investors: This REIT Is on Sale

Want 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