Wedge Capital Management L L P NC Increases Position in NetScout Systems, Inc. $NTCT

Wedge Capital Management L L P NC increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 42.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,185 shares of the technology company’s stock after purchasing an additional 29,322 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of NetScout Systems worth $2,536,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NTCT. Russell Investments Group Ltd. raised its stake in shares of NetScout Systems by 5,509.4% during the 1st quarter. Russell Investments Group Ltd. now owns 76,680 shares of the technology company’s stock worth $1,611,000 after buying an additional 75,313 shares during the period. American Century Companies Inc. grew its stake in NetScout Systems by 161.6% in the 1st quarter. American Century Companies Inc. now owns 93,046 shares of the technology company’s stock valued at $1,955,000 after acquiring an additional 57,483 shares during the period. Quantbot Technologies LP increased its holdings in NetScout Systems by 262.1% in the 1st quarter. Quantbot Technologies LP now owns 8,782 shares of the technology company’s stock worth $185,000 after acquiring an additional 6,357 shares in the last quarter. Hsbc Holdings PLC raised its position in NetScout Systems by 306.9% during the first quarter. Hsbc Holdings PLC now owns 112,956 shares of the technology company’s stock worth $2,378,000 after acquiring an additional 85,196 shares during the period. Finally, Jump Financial LLC purchased a new position in NetScout Systems during the first quarter valued at $475,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTCT. Royal Bank Of Canada boosted their target price on shares of NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. B. Riley started coverage on NetScout Systems in a report on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NetScout Systems presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president directly owned 135,494 shares in the company, valued at $4,064,820. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Sanjay Munshi sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the sale, the chief operating officer directly owned 6,254 shares of the company’s stock, valued at approximately $170,296.42. This trade represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 18,000 shares of company stock valued at $507,960. 3.82% of the stock is currently owned by insiders.

NetScout Systems Price Performance

NTCT opened at $27.86 on Tuesday. The company’s 50 day simple moving average is $27.10 and its two-hundred day simple moving average is $25.09. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $30.67. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 22.84 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $219.02 million during the quarter, compared to analyst estimates of $200.60 million. NetScout Systems had a return on equity of 8.16% and a net margin of 10.38%.The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS and its FY 2026 guidance at 2.350-2.45 EPS. On average, 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 is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.