NetScout Systems, Inc. $NTCT Stock Position Lifted by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 8,441.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 38,096 shares of the technology company’s stock after acquiring an additional 37,650 shares during the period. Fifth Third Bancorp’s holdings in NetScout Systems were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in NTCT. IFP Advisors Inc lifted its stake in NetScout Systems by 147.2% during 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 raised its holdings in shares of NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the period. Advisory Services Network LLC bought a new position in shares of NetScout Systems in the 3rd quarter worth about $35,000. Global Retirement Partners LLC bought a new position in shares of NetScout Systems in the 4th quarter worth about $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 valued at $50,000 after buying an additional 1,917 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the sale, the director owned 35,000 shares in the company, valued at $1,423,450. The trade was a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value 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 $5,202,285.09. The trade was a 5.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 currently owned by insiders.

NetScout Systems Trading Up 1.4%

Shares of NetScout Systems stock opened at $40.00 on Friday. NetScout Systems, Inc. has a 52 week low of $20.39 and a 52 week high of $45.28. The stock has a market cap of $2.86 billion, a PE ratio of 30.77 and a beta of 0.68. The company’s 50-day moving average price is $41.29 and its two-hundred day moving average price is $34.49.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $203.03 million for the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts predict that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

Analyst Ratings Changes

NTCT has been the topic of several research reports. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.50.

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.