74,373 Shares in NetScout Systems, Inc. $NTCT Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 74,373 shares of the technology company’s stock, valued at approximately $1,921,000.

Several other large investors have also recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in shares of NetScout Systems by 1,857.1% in the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,040 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the period. Abich Financial Wealth Management LLC bought a new stake in NetScout Systems in the third quarter worth $55,000. Northwestern Mutual Wealth Management Co. purchased a new stake in NetScout Systems during the second quarter valued at about $76,000. Finally, EMC Capital Management bought a new position in shares of NetScout Systems during the second quarter valued at about $138,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Stock Performance

NetScout Systems stock opened at $29.70 on Monday. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The stock’s 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $26.55. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 22.85 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The firm had revenue of $250.68 million during the quarter, compared to analyst estimates of $233.69 million. During the same quarter in the prior year, the company earned $0.94 EPS. The business’s revenue was down .5% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTCT has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. Wall Street Zen downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Royal Bank Of Canada cut their target price on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Insider Buying and Selling at NetScout Systems

In related news, Director Christopher Perretta sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the completion of the transaction, the director directly owned 40,866 shares in the company, valued at $1,144,656.66. This trade represents a 19.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sanjay Munshi sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total transaction of $54,460.00. Following the sale, the chief operating officer directly owned 6,254 shares in the company, valued at $170,296.42. The trade was a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.82% of the company’s stock.

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.