Prudential Financial Inc. Purchases 39,347 Shares of NetScout Systems, Inc. $NTCT

Prudential Financial Inc. increased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,424 shares of the technology company’s stock after acquiring an additional 39,347 shares during the quarter. Prudential Financial Inc.’s holdings in NetScout Systems were worth $11,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in NetScout Systems in the second quarter worth $27,000. Allworth Financial LP boosted its position in shares of NetScout Systems by 1,857.1% in the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,040 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of NetScout Systems in the 1st quarter worth $34,000. PNC Financial Services Group Inc. grew its stake in NetScout Systems by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company’s stock worth $85,000 after buying an additional 553 shares during the last quarter. Finally, State of Wyoming acquired a new position in NetScout Systems during the 1st quarter valued at about $106,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president owned 135,494 shares in the company, valued at $4,064,820. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.82% of the stock is owned by company insiders.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $26.73 on Friday. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The firm has a market capitalization of $1.93 billion, a PE ratio of 26.73 and a beta of 0.71. The stock’s 50-day simple moving average is $26.64 and its 200-day simple moving average is $24.56.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, November 6th. The technology company reported $0.62 EPS 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 firm had revenue of $219.02 million for the quarter, compared to analyst estimates of $200.60 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. NetScout Systems’s revenue for the quarter 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. Sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on NTCT shares. Royal Bank Of Canada increased their price target on NetScout Systems from $26.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday. Finally, 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 two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.