Empowered Funds LLC Has $12.41 Million Stock Position in NetScout Systems, Inc. $NTCT

Empowered Funds LLC raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 22.2% during the 1st quarter, Holdings Channel reports. The fund owned 390,523 shares of the technology company’s stock after acquiring an additional 70,884 shares during the period. Empowered Funds LLC’s holdings in NetScout Systems were worth $12,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of NetScout Systems by 23.3% during the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock worth $1,088,000 after acquiring an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NetScout Systems by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after purchasing an additional 2,036 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NetScout Systems by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after purchasing an additional 207,807 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of NetScout Systems by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock worth $4,481,000 after purchasing an additional 15,112 shares during the period. Finally, Jane Street Group LLC lifted its holdings in NetScout Systems by 64.3% during the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock worth $7,316,000 after purchasing an additional 136,253 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTCT. Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Royal Bank Of Canada lifted their target price 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, Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

NetScout Systems Trading Down 1.9%

Shares of NTCT opened at $38.93 on Thursday. NetScout Systems, Inc. has a 12 month low of $20.39 and a 12 month high of $45.28. The firm’s 50 day moving average is $41.33 and its 200-day moving average is $34.80. The stock has a market capitalization of $2.83 billion, a PE ratio of 29.95 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $203.03 million during 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 firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities research analysts predict that NetScout Systems, Inc. will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares of the company’s stock, valued at $1,423,450. The trade was a 12.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the sale, the executive vice president owned 129,121 shares of the company’s stock, valued at approximately $5,202,285.09. The trade was a 5.83% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.82% of the stock is 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.