Compass Financial Management LLC Purchases Shares of 54,181 NetScout Systems, Inc. $NTCT

Compass Financial Management LLC purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 54,181 shares of the technology company’s stock, valued at approximately $2,347,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of NetScout Systems in the second quarter worth approximately $498,027,000. Legal & General Group Plc bought a new stake in NetScout Systems during the second quarter valued at approximately $165,970,000. First Trust Advisors LP grew its stake in NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after buying an additional 729,632 shares in the last quarter. Millennium Management LLC increased its holdings in shares of NetScout Systems by 1,361.1% in the 3rd quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock worth $19,316,000 after buying an additional 696,643 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of NetScout Systems in the 3rd quarter worth $16,091,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NTCT opened at $37.22 on Friday. NetScout Systems, Inc. has a 1 year low of $24.56 and a 1 year high of $45.28. The stock has a 50 day simple moving average of $40.27 and a two-hundred day simple moving average of $36.87. The firm has a market cap of $2.71 billion, a P/E ratio of 22.70 and a beta of 0.69.

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

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the sale, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,269 shares of company stock worth $869,504 in the last 90 days. 4.74% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NTCT. Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.