Compass Financial Management LLC Buys Shares of 54,181 NetScout Systems, Inc. $NTCT

Key Points

• Compass Financial Management acquired 54,181 NetScout Systems shares worth approximately $2.35 million, while institutional investors collectively own 91.64% of the company.
• NetScout reported better-than-expected quarterly results, with EPS of $0.52 versus the $0.38 consensus estimate and revenue of $210.4 million, up 12.7% year over year.
• Shares opened at $38.49, up 1.2%; analysts’ average rating is Buy, though insiders sold 18,269 shares worth roughly $718,704 over the past three months.

Compass Financial Management LLC bought a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,181 shares of the technology company's stock, valued at approximately $2,347,000. Compass Financial Management LLC owned approximately 0.07% of NetScout Systems at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company's stock valued at $27,000 after purchasing an additional 602 shares during the period. Farther Finance Advisors LLC boosted its stake in NetScout Systems by 92.8% in the 4th 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 NetScout Systems in the 3rd quarter worth about $35,000. Global Retirement Partners LLC purchased a new position in NetScout Systems during the 4th quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in NetScout Systems by 1,936.4% during 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 in the last quarter. 91.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction on Monday, August 17th. The shares were 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 of the company's stock, valued at approximately $264,247.83. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction on 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 of the company's stock, valued at $4,909,143.69. This represents a 5.89% decrease in their ownership of the stock. 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. Insiders sold a total of 18,269 shares of company stock worth $718,704 in the last three months. Insiders own 4.74% of the company's stock.

NetScout Systems Trading Up 1.2%

Shares of NASDAQ NTCT opened at $38.49 on Friday. NetScout Systems, Inc. has a 12 month low of $22.75 and a 12 month high of $45.28. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 23.47 and a beta of 0.69. The business has a 50-day moving average of $40.70 and a 200-day moving average of $36.18.

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

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. Zacks Research raised shares of NetScout Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Royal Bank Of Canada increased their target price 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. Finally, Wall Street Zen raised shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 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 stock presently has an average rating of "Buy" and an average target price of $35.50.

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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