Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Holdings in NetScout Systems, Inc. $NTCT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 20.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,635 shares of the technology company’s stock after buying an additional 16,118 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 0.13% of NetScout Systems worth $2,977,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new position in shares of NetScout Systems in the 3rd quarter valued at $118,440,000. Dimensional Fund Advisors LP lifted its stake in shares of NetScout Systems by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after purchasing an additional 109,910 shares during the last quarter. State Street Corp boosted its position in NetScout Systems by 1.7% during the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after purchasing an additional 51,835 shares in the last quarter. First Trust Advisors LP boosted its position in NetScout Systems by 40.8% during the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after purchasing an additional 729,632 shares in the last quarter. Finally, LSV Asset Management grew its stake in NetScout Systems by 34.6% in the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock valued at $61,914,000 after purchasing an additional 588,022 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Insiders Place Their Bets

In other NetScout Systems 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 transaction of $322,320.00. Following the completion of the sale, the executive vice president owned 129,121 shares of the company’s stock, valued at approximately $5,202,285.09. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 NetScout Systems 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 sale, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This represents a 12.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetScout Systems has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

NetScout Systems Price Performance

Shares of NASDAQ:NTCT opened at $43.21 on Wednesday. The business’s 50-day moving average is $40.91 and its 200 day moving average is $33.78. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $45.28. The firm has a market capitalization of $3.09 billion, a P/E ratio of 33.24 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $198.64 million. During the same quarter last year, the company earned $0.52 earnings per share. The company’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, analysts expect that NetScout Systems, Inc. will post 2.06 EPS for the current year.

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.