Hillsdale Investment Management Inc. Has $7.28 Million Stock Holdings in NetScout Systems, Inc. $NTCT

Hillsdale Investment Management Inc. lifted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 78.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 281,695 shares of the technology company’s stock after purchasing an additional 123,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in NetScout Systems were worth $7,276,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of NetScout Systems by 1,857.1% in the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after buying an additional 1,040 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in NetScout Systems by 1,936.4% in the second 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 last quarter. Abich Financial Wealth Management LLC acquired a new position in NetScout Systems during the third quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. acquired a new position in NetScout Systems during the second quarter valued at approximately $76,000. Finally, EMC Capital Management acquired a new stake in shares of NetScout Systems in the 2nd quarter valued at $138,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Trading Down 0.3%

NASDAQ:NTCT opened at $29.70 on Friday. The stock has a market cap of $2.14 billion, a P/E ratio of 22.85 and a beta of 0.64. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $26.48. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $30.67.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The business had revenue of $250.68 million during the quarter, compared to analyst estimates of $233.69 million. During the same quarter last year, the business earned $0.94 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, equities analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In other news, Director Christopher Perretta sold 10,000 shares of NetScout Systems stock in a transaction on Friday, December 12th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the transaction, the director owned 40,866 shares in the company, valued at approximately $1,144,656.66. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sanjay Munshi sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the sale, the chief operating officer directly owned 6,254 shares in the company, valued at approximately $170,296.42. This represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. 3.82% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada lowered their price target on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NetScout Systems currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

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.