197,800 Shares in NetScout Systems, Inc. $NTCT Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ bought a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the third quarter, HoldingsChannel.com reports. The firm bought 197,800 shares of the technology company’s stock, valued at approximately $5,109,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in NetScout Systems in the second quarter worth $546,000. AlphaQuest LLC grew its stake in NetScout Systems by 604.8% during the 3rd quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock worth $1,298,000 after buying an additional 43,125 shares during the last quarter. Prudential Financial Inc. increased its position in NetScout Systems by 9.0% during the 2nd quarter. Prudential Financial Inc. now owns 477,424 shares of the technology company’s stock valued at $11,845,000 after buying an additional 39,347 shares in the last quarter. Leuthold Group LLC purchased a new stake in NetScout Systems in the third quarter valued at about $3,199,000. Finally, Acadian Asset Management LLC boosted its holdings in NetScout Systems by 14.2% in the second quarter. Acadian Asset Management LLC now owns 610,445 shares of the technology company’s stock worth $15,138,000 after acquiring an additional 75,786 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Up 0.1%

NetScout Systems stock opened at $29.82 on Friday. The business’s 50-day moving average price is $27.84 and its 200 day moving average price is $26.42. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 23.06 and a beta of 0.64. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $30.67.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The business had revenue of $250.68 million for the quarter, compared to analyst estimates of $233.69 million. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Equities analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. Royal Bank Of Canada decreased their price target on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Finally, Wall Street Zen lowered shares of NetScout Systems from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Insiders Place Their Bets

In related news, Director Christopher Perretta sold 10,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the director owned 40,866 shares in the company, valued at approximately $1,144,656.66. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sanjay Munshi sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the transaction, the chief operating officer 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. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.82% of the company’s stock.

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.