Meeder Asset Management Inc. Acquires Shares of 16,919 NetScout Systems, Inc. $NTCT

Meeder Asset Management Inc. acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,919 shares of the technology company’s stock, valued at approximately $737,000.

Several other hedge funds have also modified their holdings of the company. IFP Advisors Inc grew its position in shares of NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after acquiring an additional 602 shares during the period. Farther Finance Advisors LLC raised its holdings in NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the period. Advisory Services Network LLC purchased a new position in NetScout Systems during the third quarter worth approximately $35,000. Global Retirement Partners LLC acquired a new stake in NetScout Systems in the fourth quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in NetScout Systems by 1,936.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,917 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NTCT shares. Royal Bank Of Canada upped their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

NetScout Systems Stock Down 0.5%

Shares of NASDAQ NTCT opened at $38.94 on Wednesday. The firm has a 50-day simple moving average of $40.88 and a 200-day simple moving average of $36.01. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.74 and a beta of 0.69. NetScout Systems, Inc. has a 52 week low of $22.47 and a 52 week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. During the same period in the previous year, the business posted $0.34 earnings per share. NetScout Systems’s quarterly revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts expect that NetScout Systems, Inc. will post 2.14 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the sale, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.74% of the stock is currently owned by corporate insiders.

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.