Legato Capital Management LLC Takes $484,000 Position in NetScout Systems, Inc. $NTCT

Legato Capital Management LLC acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,883 shares of the technology company’s stock, valued at approximately $484,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NTCT. IFP Advisors Inc lifted 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 during the last quarter. Advisory Services Network LLC acquired a new stake in shares of NetScout Systems during the 3rd quarter valued at $35,000. Farther Finance Advisors LLC raised its stake in NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares during the period. Global Retirement Partners LLC acquired a new stake in NetScout Systems during the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC raised its stake in NetScout Systems by 1,936.4% during the 2nd 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 period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling at NetScout Systems

In other 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 value of $203,350.00. Following the transaction, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.82% of the company’s stock.

NetScout Systems Trading Up 2.7%

NASDAQ NTCT opened at $42.12 on Wednesday. NetScout Systems, Inc. has a 1-year low of $20.39 and a 1-year high of $42.37. The company has a market capitalization of $3.01 billion, a PE ratio of 32.40 and a beta of 0.61. The firm’s fifty day simple moving average is $34.46 and its 200-day simple moving average is $30.26.

NetScout Systems (NASDAQ:NTCT) last posted 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. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The business had revenue of $203.04 million for the quarter, compared to the consensus estimate of $198.64 million. During the same period in the prior year, the business posted $0.52 earnings per share. NetScout Systems’s revenue for the quarter 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. As a group, analysts predict that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Analyst Ratings Changes

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

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.