NetScout Systems, Inc. $NTCT Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,790,101 shares of the technology company’s stock after purchasing an additional 34,644 shares during the period. First Trust Advisors LP owned 2.48% of NetScout Systems worth $46,238,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP grew its stake in NetScout Systems by 1,857.1% in the second quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,040 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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. Abich Financial Wealth Management LLC bought a new position in NetScout Systems during the 3rd quarter worth approximately $55,000. CI Investments Inc. grew its position in shares of NetScout Systems by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,707 shares of the technology company’s stock worth $70,000 after acquiring an additional 883 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of NetScout Systems in the 2nd quarter valued at approximately $76,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTCT. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Royal Bank Of Canada reduced their price target on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NetScout Systems has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Activity at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president owned 129,494 shares of the company’s stock, valued at $3,884,820. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Perretta sold 10,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the transaction, the director directly owned 40,866 shares of the company’s stock, valued at approximately $1,144,656.66. The trade was a 19.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.82% of the stock is owned by insiders.

NetScout Systems Stock Up 0.3%

NTCT stock opened at $30.33 on Thursday. The company has a 50-day simple moving average of $28.38 and a 200 day simple moving average of $27.17. The company has a market capitalization of $2.19 billion, a P/E ratio of 23.33 and a beta of 0.63. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.89.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The company had revenue of $250.68 million for the quarter, compared to the consensus estimate of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. NetScout Systems’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 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.