Louisiana State Employees Retirement System Makes New Investment in NetScout Systems, Inc. $NTCT

Louisiana State Employees Retirement System acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the first quarter, Holdings Channel reports. The fund acquired 30,400 shares of the technology company’s stock, valued at approximately $966,000.

Several other large investors have also recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new stake in NetScout Systems in the third quarter worth $118,440,000. JPMorgan Chase & Co. increased its position in NetScout Systems by 65.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock valued at $8,874,000 after purchasing an additional 136,377 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in NetScout Systems by 93.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock worth $3,205,000 after purchasing an additional 57,602 shares in the last quarter. Leuthold Group LLC lifted its position 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 worth $4,870,000 after purchasing an additional 56,144 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of NetScout Systems by 2,546.1% in the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock worth $12,170,000 after purchasing an additional 432,741 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NTCT opened at $40.93 on Monday. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $43.80. The company has a market capitalization of $2.93 billion, a P/E ratio of 31.48 and a beta of 0.68. The firm has a 50 day moving average of $39.55 and a 200 day moving average of $33.02.

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, beating the consensus estimate of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business had revenue of $203.03 million for the quarter, compared to analysts’ expectations of $198.64 million. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side 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 dated Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the completion of the sale, the executive vice president directly owned 129,121 shares in the company, valued at approximately $5,202,285.09. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a 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 dated Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This trade represents 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. Corporate insiders own 3.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NTCT shares. Royal Bank Of Canada lifted their price objective on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Two investment 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 a consensus target price 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.