Corient Private Wealth LP Makes New Investment in NetScout Systems, Inc. $NTCT

Corient Private Wealth LP acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 25,715 shares of the technology company’s stock, valued at approximately $1,120,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in NetScout Systems by 147.2% in the fourth 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. Group One Trading LLC purchased a new position in NetScout Systems in the second quarter worth about $47,000. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC bought a new stake in NetScout Systems in the 3rd quarter worth approximately $35,000. Finally, Global Retirement Partners LLC bought a new position in NetScout Systems in the fourth quarter valued at about $39,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NTCT shares. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada lifted their price target 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. Finally, Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

NetScout Systems Trading Down 0.7%

Shares of NTCT opened at $37.22 on Friday. NetScout Systems, Inc. has a 12-month low of $24.56 and a 12-month high of $45.28. The company’s 50 day simple moving average is $40.27 and its 200-day simple moving average is $36.87. The firm has a market cap of $2.71 billion, a PE 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, beating the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. During the same period last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts forecast that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction 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 transaction, the chief operating officer owned 6,729 shares in the company, valued at $264,247.83. This trade represents a 25.22% decrease in their position. The sale was disclosed in a document filed 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, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the transaction, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This trade represents a 5.89% 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 sold a total of 22,269 shares of company stock valued at $869,504 over the last three months. 4.74% of the stock is currently owned by insiders.

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.