Louisiana State Employees Retirement System Invests $966,000 in NetScout Systems, Inc. $NTCT

Louisiana State Employees Retirement System bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,400 shares of the technology company’s stock, valued at approximately $966,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IFP Advisors Inc boosted its position in NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of 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 last quarter. Advisory Services Network LLC bought a new stake in shares of NetScout Systems during the 3rd quarter worth $35,000. Global Retirement Partners LLC bought a new stake in shares of NetScout Systems during the 4th quarter worth $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 1,917 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 transaction of $203,350.00. Following the completion of the transaction, the director owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. The trade was a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Also, EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the transaction, the executive vice president owned 129,121 shares in the company, valued at approximately $5,202,285.09. This trade represents a 5.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 3.82% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Royal Bank Of Canada raised their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $35.50.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $40.93 on Monday. The company has a market cap of $2.93 billion, a P/E ratio of 31.48 and a beta of 0.68. The stock’s fifty day moving average price is $39.55 and its two-hundred day moving average price is $33.02. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $43.80.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share 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 company had revenue of $203.03 million during the quarter, compared to analysts’ expectations of $198.64 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue 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. On average, analysts expect that NetScout Systems, Inc. will post 2.06 earnings per share for the current fiscal year.

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.