Segall Bryant & Hamill LLC increased its position in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 36.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,711 shares of the technology company’s stock after acquiring an additional 26,995 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.14% of NetScout Systems worth $2,627,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Elo Mutual Pension Insurance Co grew its position in NetScout Systems by 187.3% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 43,199 shares of the technology company’s stock worth $1,116,000 after purchasing an additional 28,164 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of NetScout Systems by 36.1% during the third quarter. Intech Investment Management LLC now owns 39,400 shares of the technology company’s stock worth $1,018,000 after buying an additional 10,453 shares during the period. Hillsdale Investment Management Inc. grew its holdings in NetScout Systems by 78.3% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 281,695 shares of the technology company’s stock worth $7,276,000 after buying an additional 123,700 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in NetScout Systems in the 3rd quarter worth approximately $1,921,000. Finally, Jupiter Asset Management Ltd. raised its stake in NetScout Systems by 572.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 377,347 shares of the technology company’s stock valued at $9,747,000 after acquiring an additional 321,218 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.
NetScout Systems Stock Down 0.8%
Shares of NetScout Systems stock opened at $30.06 on Friday. The business has a fifty day simple moving average of $28.16 and a 200-day simple moving average of $26.93. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 23.12 and a beta of 0.63.
Insider Buying and Selling
In related news, Director Christopher Perretta sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the completion of the sale, the director directly owned 40,866 shares of the company’s stock, valued at $1,144,656.66. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the transaction, the executive vice president owned 129,494 shares in the company, valued at approximately $3,884,820. This trade represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.82% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research analysts have recently issued reports on NTCT shares. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. Royal Bank Of Canada decreased their target price on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Finally, Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, NetScout Systems presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.
Read Our Latest Stock Report on NTCT
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.
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