Jackson Creek Investment Advisors LLC Makes New Investment in NetScout Systems, Inc. $NTCT

Jackson Creek Investment Advisors LLC bought a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,328 shares of the technology company’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after acquiring an additional 602 shares during the last quarter. Farther Finance Advisors LLC raised its position in 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 acquiring an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new position in NetScout Systems during the third quarter worth about $35,000. Global Retirement Partners LLC acquired a new position in NetScout Systems during the fourth quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC raised its position in NetScout Systems by 1,936.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the transaction, the director directly owned 35,000 shares in the company, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Up 0.9%

NetScout Systems stock opened at $41.50 on Friday. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $42.37. The firm has a fifty day moving average of $34.90 and a 200-day moving average of $30.43. The firm has a market capitalization of $2.97 billion, a P/E ratio of 31.92 and a beta of 0.61.

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