Savant Capital LLC Invests $291,000 in NetScout Systems, Inc. $NTCT

Savant Capital LLC purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, Holdings Channel reports. The firm purchased 11,722 shares of the technology company’s stock, valued at approximately $291,000.

A number of other institutional investors have also recently added to or reduced their stakes in NTCT. Ameritas Advisory Services LLC purchased a new stake in NetScout Systems in the 2nd quarter valued at $27,000. Ransom Advisory Ltd acquired a new position in shares of NetScout Systems during the 1st quarter valued at about $34,000. PNC Financial Services Group Inc. grew its holdings in shares of NetScout Systems by 15.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company’s stock valued at $85,000 after purchasing an additional 553 shares during the period. State of Wyoming acquired a new stake in NetScout Systems during the first quarter worth about $106,000. Finally, AlphaQuest LLC raised its stake in NetScout Systems by 19.5% during the second quarter. AlphaQuest LLC now owns 7,130 shares of the technology company’s stock worth $177,000 after purchasing an additional 1,163 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Monday. Royal Bank Of Canada raised their target price on NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Finally, B. Riley began coverage on NetScout Systems in a research report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NetScout Systems currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

NetScout Systems Stock Down 3.9%

Shares of NASDAQ NTCT opened at $25.67 on Wednesday. The business’s 50 day moving average is $26.53 and its two-hundred day moving average is $24.37. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $30.67. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 25.67 and a beta of 0.71.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The business had revenue of $219.02 million during the quarter, compared to analysts’ expectations of $200.60 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. Analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In other 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 sale, the executive vice president owned 135,494 shares of the company’s stock, valued at approximately $4,064,820. This 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 can be accessed through the SEC website. Also, 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 transaction, the director owned 33,000 shares of the company’s stock, valued at $806,520. This trade represents a 14.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 21,000 shares of company stock valued at $532,273. 3.82% of the stock is currently owned by corporate insiders.

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.