NetScout Systems, Inc. $NTCT Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 20.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,635 shares of the technology company’s stock after buying an additional 16,118 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NetScout Systems were worth $2,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NTCT. IFP Advisors Inc boosted 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 valued at $27,000 after acquiring an additional 602 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new position in NetScout Systems during the third quarter valued at $35,000. Global Retirement Partners LLC purchased a new stake in NetScout Systems in the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 valued at $50,000 after purchasing an additional 1,917 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NTCT. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Royal Bank Of Canada upped their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, NetScout Systems presently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT opened at $43.21 on Wednesday. The company has a market capitalization of $3.09 billion, a PE ratio of 33.24 and a beta of 0.68. The company’s fifty day moving average price is $40.91 and its 200 day moving average price is $33.78. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $45.28.

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, topping analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $203.03 million during the quarter, compared to analysts’ expectations of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.NetScout Systems’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts expect that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Downing sold 8,000 shares of NetScout Systems 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. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was 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 of the company’s stock, valued at approximately $1,423,450. The trade was a 12.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by company insiders.

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.