28,902 Shares in NetScout Systems, Inc. $NTCT Purchased by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners acquired 28,902 NetScout shares worth approximately $1.26 million in the second quarter. Institutional investors and hedge funds collectively own 91.64% of the company.
• Analyst sentiment is generally positive, with NetScout carrying a “Moderate Buy” consensus rating and a $38 average price target. Recent upgrades included “strong-buy” ratings from Wall Street Zen and Zacks Research.
• NetScout exceeded quarterly expectations, reporting $0.52 in EPS versus the $0.38 consensus and revenue of $210.42 million, up 12.7% year over year. Meanwhile, insiders sold 22,269 shares worth $869,504 over the past three months.

Freestone Grove Partners LP bought a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,902 shares of the technology company's stock, valued at approximately $1,259,000.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in NetScout Systems by 3.3% during the fourth quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company's stock worth $368,000 after purchasing an additional 437 shares during the period. IFP Advisors Inc increased its stake in NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company's stock worth $27,000 after buying an additional 602 shares during the period. Quantinno Capital Management LP lifted its holdings in NetScout Systems by 6.2% during the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company's stock worth $262,000 after buying an additional 615 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in NetScout Systems by 14.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company's stock valued at $132,000 after buying an additional 618 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company's stock worth $35,000 after acquiring an additional 621 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NTCT shares. Weiss Ratings lowered NetScout Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. Wall Street Zen raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Royal Bank Of Canada upped their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Finally, Zacks Research upgraded NetScout Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the sale, the executive vice president owned 127,809 shares in the company, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the transaction, the director owned 41,654 shares of the company's stock, valued at approximately $1,570,355.80. The trade was a 8.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,269 shares of company stock worth $869,504 over the last three months. Insiders own 4.74% of the company's stock.

NetScout Systems Price Performance

NetScout Systems stock opened at $39.06 on Friday. The stock's fifty day moving average is $40.56 and its two-hundred day moving average is $36.55. The stock has a market cap of $2.84 billion, a PE ratio of 23.82 and a beta of 0.69. NetScout Systems, Inc. has a 1-year low of $24.27 and a 1-year high of $45.28.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, research analysts expect that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

About NetScout Systems

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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