Pacer Advisors Inc. Has $10.26 Million Position in NetScout Systems, Inc. $NTCT

Pacer Advisors Inc. lessened its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 379,036 shares of the technology company’s stock after selling 70,282 shares during the quarter. Pacer Advisors Inc.’s holdings in NetScout Systems were worth $10,257,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NTCT. ProShare Advisors LLC lifted its holdings in shares of NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock worth $368,000 after acquiring an additional 437 shares during the period. IFP Advisors Inc boosted its position in shares of NetScout Systems by 147.2% during 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 in the last quarter. Quantinno Capital Management LP increased its stake in NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after acquiring an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in NetScout Systems by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after acquiring an additional 618 shares during the period. Finally, Farther Finance Advisors LLC raised its position in NetScout Systems by 92.8% in 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 in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NetScout Systems stock opened at $39.67 on Monday. NetScout Systems, Inc. has a 12-month low of $20.39 and a 12-month high of $43.80. The stock has a market capitalization of $2.84 billion, a P/E ratio of 30.52 and a beta of 0.68. The company has a 50-day simple moving average of $37.84 and a 200 day simple moving average of $32.03.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $203.03 million for 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 company’s revenue for the quarter was down 1.0% compared to the same quarter last year. 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. On average, equities analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on NTCT shares. Royal Bank Of Canada raised 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. Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NetScout Systems presently has a consensus rating of “Buy” and an average price target of $35.50.

Insider Buying and Selling

In related news, Director Alfred Grasso sold 5,000 shares of the firm’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 $1,423,450. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This represents a 5.83% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 3.82% of the company’s stock.

NetScout Systems 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.