Netskope Inc. $NTSK Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its position in shares of Netskope Inc. (NASDAQ:NTSK) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,135,851 shares of the company’s stock after acquiring an additional 415,505 shares during the quarter. TimesSquare Capital Management LLC owned about 0.80% of Netskope worth $55,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICONIQ Capital LLC acquired a new stake in Netskope during the third quarter worth about $1,506,261,000. Scge Management L.P. acquired a new stake in Netskope during the third quarter worth about $312,104,000. Vanguard Group Inc. increased its stake in Netskope by 51.5% during the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after acquiring an additional 1,812,857 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Netskope by 11.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after acquiring an additional 373,529 shares during the last quarter. Finally, Bamco Inc. NY acquired a new stake in Netskope during the third quarter worth about $52,888,000.

Netskope Price Performance

NTSK stock opened at $11.37 on Tuesday. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The firm has a market cap of $4.55 billion and a P/E ratio of -81.21. The stock has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $14.38.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $196.33 million during the quarter. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS. On average, equities analysts predict that Netskope Inc. will post -0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on NTSK shares. FBN Securities started coverage on Netskope in a research note on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target for the company. Wells Fargo & Company started coverage on Netskope in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $13.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. KeyCorp increased their target price on Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $19.00 target price (down from $23.00) on shares of Netskope in a research note on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $18.37.

Netskope Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.