Sei Investments Co. cut its position in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 20.1% during the 1st quarter, HoldingsChannel reports. The firm owned 225,479 shares of the technology company’s stock after selling 56,810 shares during the quarter. Sei Investments Co.’s holdings in NetScout Systems were worth $7,168,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after purchasing an additional 602 shares during the period. Farther Finance Advisors LLC boosted its position in shares of NetScout Systems by 92.8% during the fourth 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 period. Advisory Services Network LLC bought a new position in NetScout Systems in the 3rd quarter worth approximately $35,000. Global Retirement Partners LLC bought a new position in NetScout Systems in the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its position in NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,917 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related 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 transaction of $203,350.00. Following the completion of the transaction, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the transaction, the executive vice president directly owned 129,121 shares in the company, valued at approximately $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.74% of the stock is currently owned by insiders.
NetScout Systems Price Performance
NetScout Systems (NASDAQ:NTCT – Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $203.03 million during 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 for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Sell-side analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on NTCT shares. Royal Bank Of Canada lifted their target price on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.
Get Our Latest Stock Analysis on NTCT
NetScout Systems 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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