Hennion & Walsh Asset Management Inc. Makes New Investment in NetScout Systems, Inc. $NTCT

Hennion & Walsh Asset Management Inc. purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,953 shares of the technology company’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leuthold Group LLC raised its stake in NetScout Systems by 45.3% during the fourth 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. SG Americas Securities LLC boosted its holdings in NetScout Systems by 41.6% in the 1st quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock valued at $20,239,000 after purchasing an additional 186,903 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of NetScout Systems by 8.7% in the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock valued at $18,598,000 after buying an additional 46,782 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of NetScout Systems by 14.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 642,239 shares of the technology company’s stock valued at $17,379,000 after buying an additional 78,769 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of NetScout Systems in the 1st quarter valued at approximately $966,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the transaction, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.74% of the stock is owned by company insiders.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $39.67 on Friday. The firm’s 50 day moving average price is $40.93 and its 200-day moving average price is $35.80. NetScout Systems, Inc. has a one year low of $22.24 and a one year high of $45.28. The firm has a market cap of $2.88 billion, a P/E ratio of 24.19 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. During the same quarter last year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts predict that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTCT. Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada lifted their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

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.