Bailard Inc. bought a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 16,300 shares of the technology company’s stock, valued at approximately $441,000.
Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after buying an additional 621 shares in the last quarter. Advisory Services Network LLC bought a new position in NetScout Systems during the third quarter valued at about $35,000. EverSource Wealth Advisors LLC raised its holdings in NetScout Systems by 1,936.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after buying an additional 1,917 shares in the last quarter. Allworth Financial LP raised its holdings in NetScout Systems by 90.1% during the third quarter. Allworth Financial LP now owns 2,083 shares of the technology company’s stock valued at $54,000 after buying an additional 987 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in NetScout Systems during the third quarter valued at about $55,000. 91.64% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the sale, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the sale, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. This represents a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.82% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Research Report on NTCT
NetScout Systems Stock Performance
Shares of NASDAQ:NTCT opened at $38.94 on Friday. The company has a market cap of $2.81 billion, a P/E ratio of 29.95 and a beta of 0.61. The stock’s 50-day moving average is $32.91 and its 200-day moving average is $29.55. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $40.92.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $203.04 million for the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts predict that NetScout Systems, Inc. will post 1.83 EPS for the current 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.
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