Evolve Private Wealth LLC Makes New Investment in NetScout Systems, Inc. $NTCT

Evolve Private Wealth LLC purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCTFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 22,344 shares of the technology company’s stock, valued at approximately $973,000.

A number of other hedge funds have also modified their holdings of NTCT. ProShare Advisors LLC raised its position in shares of NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock valued at $368,000 after purchasing an additional 437 shares during the period. IFP Advisors Inc increased its stake in NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares in the last quarter. Quantinno Capital Management LP raised its holdings in NetScout Systems by 6.2% during the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after acquiring an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of NetScout Systems by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after acquiring an additional 618 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after acquiring an additional 621 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the business’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 transaction of $307,280.00. Following the sale, the executive vice president directly owned 127,809 shares of the company’s stock, valued at $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 18,269 shares of company stock valued at $718,704. 4.74% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NTCT shares. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada increased their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. 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. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NetScout Systems currently has a consensus rating of “Buy” and an average price target of $35.50.

Read Our Latest Stock Analysis on NTCT

NetScout Systems Price Performance

Shares of NTCT opened at $38.49 on Monday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 23.47 and a beta of 0.69. The business’s 50 day simple moving average is $40.70 and its 200-day simple moving average is $36.23. NetScout Systems, Inc. has a 1 year low of $22.75 and a 1 year high of $45.28.

NetScout Systems (NASDAQ:NTCTGet Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The business had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. During the same quarter last year, the business earned $0.34 earnings per share. NetScout Systems’s quarterly revenue 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 expect that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

NetScout Systems Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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