LSV Asset Management Purchases 588,022 Shares of NetScout Systems, Inc. $NTCT

LSV Asset Management boosted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 34.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,288,036 shares of the technology company’s stock after acquiring an additional 588,022 shares during the quarter. LSV Asset Management’s holdings in NetScout Systems were worth $61,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTCT. IFP Advisors Inc raised its holdings in NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after buying an additional 602 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after buying an additional 621 shares during the last quarter. Advisory Services Network LLC bought a new stake in NetScout Systems during the 3rd quarter valued at $35,000. Global Retirement Partners LLC bought a new stake in NetScout Systems during the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in NetScout Systems by 1,936.4% during the 2nd 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 during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NTCT has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems currently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Trading Up 4.0%

Shares of NetScout Systems stock opened at $41.01 on Friday. The company’s fifty day simple moving average is $34.00 and its two-hundred day simple moving average is $30.04. The company has a market cap of $2.93 billion, a P/E ratio of 31.55 and a beta of 0.61. NetScout Systems, Inc. has a 12-month low of $20.39 and a 12-month high of $41.87.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $203.04 million for the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Analysts predict that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the sale, the director directly owned 35,000 shares of the company’s stock, valued at $1,423,450. This represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.82% of the company’s stock.

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.