The Manufacturers Life Insurance Company Invests $1.54 Million in NetScout Systems, Inc. $NTCT

The Manufacturers Life Insurance Company bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 35,296 shares of the technology company’s stock, valued at approximately $1,537,000.

Several other hedge funds have also modified their holdings of NTCT. BlackRock Inc. purchased a new position in NetScout Systems in the 2nd quarter worth approximately $498,027,000. Dimensional Fund Advisors LP raised its stake in shares of NetScout Systems by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock valued at $135,391,000 after purchasing an additional 110,702 shares during the period. State Street Corp raised its stake in shares of NetScout Systems by 1.7% during the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after purchasing an additional 51,835 shares during the period. First Trust Advisors LP lifted its position in shares of NetScout Systems by 40.8% during the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after purchasing an additional 729,632 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of NetScout Systems by 34.6% during the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after purchasing an additional 588,022 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of 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 filing with the Securities & Exchange Commission, 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 $264,247.83. The trade was a 25.22% decrease in their position. 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. Over the last three months, insiders sold 22,269 shares of company stock worth $869,504. Corporate insiders own 4.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NTCT. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada boosted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

NetScout Systems Price Performance

NTCT opened at $37.50 on Friday. The stock has a market capitalization of $2.73 billion, a PE ratio of 22.87 and a beta of 0.69. The firm’s fifty day moving average price is $40.36 and its 200 day moving average price is $36.87. NetScout Systems, Inc. has a 12-month low of $24.36 and a 12-month high of $45.28.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.14. The company had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts forecast that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal 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.