LSV Asset Management Grows Holdings in NetScout Systems, Inc. $NTCT

LSV Asset Management grew its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,288,036 shares of the technology company’s stock after buying an additional 588,022 shares during the period. LSV Asset Management owned approximately 3.17% of NetScout Systems worth $61,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc grew its stake in 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 buying an additional 602 shares in the last quarter. Farther Finance Advisors LLC grew its stake in NetScout Systems by 92.8% in 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 worth approximately $35,000. Global Retirement Partners LLC purchased a new position in NetScout Systems in the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its stake in NetScout Systems by 1,936.4% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NetScout Systems

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

NetScout Systems Stock Performance

Shares of NTCT opened at $41.01 on Friday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 31.55 and a beta of 0.61. NetScout Systems, Inc. has a fifty-two week low of $20.39 and a fifty-two week high of $41.87. The firm has a 50 day moving average price of $34.00 and a 200-day moving average price of $30.04.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NTCT shares. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.50.

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.