Inspire Investing LLC Acquires 35,108 Shares of NetScout Systems, Inc. $NTCT

Inspire Investing LLC grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 215.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,431 shares of the technology company’s stock after purchasing an additional 35,108 shares during the quarter. Inspire Investing LLC owned approximately 0.07% of NetScout Systems worth $1,276,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of NetScout Systems in the 2nd quarter valued at about $27,000. Ransom Advisory Ltd acquired a new stake in shares of NetScout Systems in the 1st quarter valued at approximately $34,000. PNC Financial Services Group Inc. raised its position in shares of 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 valued at $85,000 after acquiring an additional 553 shares during the period. State of Wyoming acquired a new stake in shares of NetScout Systems in the 1st quarter valued at approximately $106,000. Finally, Quantbot Technologies LP raised its position in shares of NetScout Systems by 262.1% in the 1st quarter. Quantbot Technologies LP now owns 8,782 shares of the technology company’s stock valued at $185,000 after acquiring an additional 6,357 shares during the period. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $25.70 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 25.70 and a beta of 0.72. The company’s 50 day moving average price is $24.51 and its two-hundred day moving average price is $23.07. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Analysts forecast 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 the firm’s 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 sale, the director directly owned 33,000 shares in the company, valued at approximately $806,520. This trade represents a 14.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the sale, the director owned 38,939 shares in the company, valued at $892,092.49. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $358,873 over the last 90 days. Corporate insiders own 3.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. B. Riley assumed coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of NetScout Systems in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.00.

NetScout Systems Company 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.