Compass Financial Management LLC Makes New $2.35 Million Investment in NetScout Systems, Inc. $NTCT

Compass Financial Management LLC purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, Holdings Channel.com reports. The firm purchased 54,181 shares of the technology company’s stock, valued at approximately $2,347,000.

A number of other hedge funds have also recently made changes to their positions in NTCT. Leuthold Group LLC lifted its stake in shares of NetScout Systems by 45.3% in the 4th quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after acquiring an additional 56,144 shares during the last quarter. SG Americas Securities LLC boosted its holdings in NetScout Systems by 41.6% during the 1st quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock valued at $20,239,000 after acquiring an additional 186,903 shares during the period. Lazard Asset Management LLC grew its position in NetScout Systems by 8.7% during the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock worth $18,598,000 after acquiring an additional 46,782 shares during the last quarter. Legato Capital Management LLC bought a new position in NetScout Systems during the 4th quarter worth approximately $484,000. Finally, Bridgeway Capital Management LLC increased its stake in NetScout Systems by 14.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 642,239 shares of the technology company’s stock worth $17,379,000 after purchasing an additional 78,769 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the transaction, the executive vice president owned 127,809 shares in the company, valued at $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the completion of the transaction, the chief operating officer directly owned 6,729 shares of the company’s stock, valued at approximately $264,247.83. The trade was a 25.22% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 18,269 shares of company stock valued at $718,704. Corporate insiders own 4.74% of the company’s stock.

NetScout Systems Stock Up 1.2%

Shares of NetScout Systems stock opened at $38.49 on Friday. The business has a 50 day moving average of $40.70 and a 200 day moving average of $36.18. NetScout Systems, Inc. has a 52 week low of $22.75 and a 52 week high of $45.28. The company has a market cap of $2.80 billion, a PE ratio of 23.47 and a beta of 0.69.

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

Analyst Upgrades and Downgrades

NTCT has been the subject of several recent research reports. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Weiss Ratings upgraded 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 target price 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. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NetScout Systems presently has a consensus rating of “Buy” and a consensus target price 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.