Empowered Funds LLC Takes $14.81 Million Position in NetScout Systems, Inc. $NTCT

Empowered Funds LLC purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 340,099 shares of the technology company’s stock, valued at approximately $14,811,000. Empowered Funds LLC owned about 0.47% of NetScout Systems at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Leuthold Group LLC boosted its holdings in NetScout Systems by 45.3% during the 4th quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after acquiring an additional 56,144 shares during the period. SG Americas Securities LLC increased its stake in NetScout Systems by 41.6% in the first quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock worth $20,239,000 after purchasing an additional 186,903 shares during the period. Lazard Asset Management LLC lifted its position in shares of NetScout Systems by 8.7% during the first quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock worth $18,598,000 after purchasing an additional 46,782 shares during the last quarter. BlackRock Inc. bought a new stake in shares of NetScout Systems during the second quarter worth $498,027,000. Finally, Legato Capital Management LLC purchased a new stake in shares of NetScout Systems during the fourth quarter valued at $484,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In other news, COO Sanjay Munshi sold 2,269 shares of the firm’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 sale, the chief operating officer directly owned 6,729 shares in the company, valued at $264,247.83. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total value of $150,800.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Insiders have sold 22,269 shares of company stock worth $869,504 over the last quarter. 4.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

NetScout Systems Stock Down 1.0%

Shares of NetScout Systems stock opened at $39.06 on Friday. The company has a market cap of $2.84 billion, a P/E ratio of 23.82 and a beta of 0.69. The firm’s 50 day moving average price is $40.56 and its 200-day moving average price is $36.55. NetScout Systems, Inc. has a 52-week low of $24.27 and a 52-week high of $45.28.

NetScout Systems (NASDAQ:NTCT) 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. The business had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts forecast that NetScout Systems, Inc. will post 2.15 EPS 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.