Connor Clark & Lunn Investment Management Ltd. Makes New $8.95 Million Investment in NetScout Systems, Inc. $NTCT

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 205,477 shares of the technology company’s stock, valued at approximately $8,949,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.28% of NetScout Systems at the end of the most recent quarter.

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

Insider Buying and Selling

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $150,800.00. Following the sale, the director directly owned 41,654 shares in the company, valued at approximately $1,570,355.80. The trade was a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the sale, the executive vice president owned 127,809 shares of the company’s stock, valued at $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,269 shares of company stock valued at $869,504 over the last 90 days. 4.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NTCT has been the subject of several analyst reports. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Royal Bank Of Canada lifted 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. Finally, Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NetScout Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

NetScout Systems Price Performance

NTCT opened at $38.50 on Thursday. The stock’s 50 day moving average price is $40.58 and its 200 day moving average price is $36.45. The stock has a market cap of $2.80 billion, a P/E ratio of 23.48 and a beta of 0.69. NetScout Systems, Inc. has a 12 month low of $23.86 and a 12 month high of $45.28.

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

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.