54,181 Shares in NetScout Systems, Inc. $NTCT Purchased by Compass Financial Management LLC

Key Points

• Compass Financial Management LLC acquired 54,181 NetScout shares during the second quarter, worth approximately $2.35 million. Institutional investors collectively own 91.64% of the company, with BlackRock and Legal & General also establishing sizable positions.
• NetScout reported stronger-than-expected quarterly results, earning $0.52 per share versus the $0.38 consensus estimate and generating $210.4 million in revenue, up 12.7% year over year.
• The stock opened at $37.22, while analysts maintain a “Moderate Buy” consensus with a $38.00 price target. Two executives sold shares under pre-arranged trading plans, contributing to $869,504 in insider sales during the quarter.

Compass Financial Management LLC acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,181 shares of the technology company's stock, valued at approximately $2,347,000. Compass Financial Management LLC owned 0.07% of NetScout Systems as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of NetScout Systems during the 2nd quarter worth approximately $498,027,000. Legal & General Group Plc purchased a new position in NetScout Systems in the second quarter valued at approximately $165,970,000. First Trust Advisors LP grew its holdings 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 during the period. Millennium Management LLC grew its holdings in NetScout Systems by 1,361.1% during the third quarter. Millennium Management LLC now owns 747,824 shares of the technology company's stock valued at $19,316,000 after purchasing an additional 696,643 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in NetScout Systems in the third quarter worth $16,091,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings lowered NetScout Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 27th. Wall Street Zen raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 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 investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.00.

NetScout Systems Price Performance

Shares of NTCT stock opened at $37.22 on Friday. The company's fifty day simple moving average is $40.27 and its two-hundred day simple moving average is $36.87. NetScout Systems, Inc. has a 1 year low of $24.56 and a 1 year high of $45.28. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 22.70 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping 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 firm had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. During the same period last year, the company earned $0.34 earnings per share. 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. Equities research analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Downing sold 8,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the sale, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the completion of the sale, the chief operating officer directly owned 6,729 shares in the company, valued at approximately $264,247.83. The trade was a 25.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 22,269 shares of company stock worth $869,504 in the last quarter. 4.74% of the stock is owned by company insiders.

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.

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