Hennion & Walsh Asset Management Inc. Makes New Investment in NetScout Systems, Inc. $NTCT

Hennion & Walsh Asset Management Inc. purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,953 shares of the technology company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its stake in NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares during the period. Farther Finance Advisors LLC lifted 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 worth $35,000 after buying an additional 621 shares in the last quarter. Advisory Services Network LLC purchased a new position in NetScout Systems in the 3rd quarter valued at approximately $35,000. Global Retirement Partners LLC acquired a new position in shares of NetScout Systems in the fourth quarter worth $39,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $50,000 after acquiring an additional 1,917 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTCT. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a research note on Friday, July 31st. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Royal Bank Of Canada upped their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the sale, the executive vice president owned 127,809 shares of the company’s stock, valued at approximately $4,909,143.69. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.74% of the company’s stock.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $39.67 on Friday. The firm has a market capitalization of $2.88 billion, a PE ratio of 24.19 and a beta of 0.69. The business’s fifty day moving average price is $40.93 and its 200 day moving average price is $35.80. NetScout Systems, Inc. has a 12 month low of $22.24 and a 12 month high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last 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 analysts anticipate that NetScout Systems, Inc. will post 2.06 EPS for the current 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.