Jupiter Topco LLC purchased a new position in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,251 shares of the technology company’s stock, valued at approximately $1,361,000.
A number of other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of NetScout Systems by 147.2% in 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 last quarter. Advisory Services Network LLC bought a new position in shares of NetScout Systems in the 3rd quarter worth about $35,000. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 621 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of NetScout Systems in the 4th quarter valued at about $39,000. Finally, Group One Trading LLC bought a new stake in shares of NetScout Systems during the 2nd quarter valued at about $47,000. Institutional investors own 91.64% of the company’s stock.
Insider Transactions at NetScout Systems
In related news, Director Michael Szabados sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the transaction, the director owned 41,654 shares of the company’s stock, valued at $1,570,355.80. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Sanjay Munshi sold 2,269 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the completion of the sale, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. This trade represents a 25.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 22,269 shares of company stock valued at $869,504. Corporate insiders own 4.74% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on NTCT
NetScout Systems Stock Down 0.7%
Shares of NASDAQ NTCT opened at $37.22 on Friday. The firm’s 50-day simple moving average is $40.27 and its 200 day simple moving average is $36.87. The stock has a market cap of $2.71 billion, a P/E ratio of 22.70 and a beta of 0.69. NetScout Systems, Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $45.28.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last issued 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 company had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. During the same period in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts anticipate that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.
NetScout Systems Company Profile
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.
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