NetScout Systems, Inc. $NTCT Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 55.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,970 shares of the technology company’s stock after buying an additional 5,704 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NetScout Systems were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Ransom Advisory Ltd purchased a new stake in shares of NetScout Systems in the first quarter valued at $34,000. PNC Financial Services Group Inc. lifted its holdings in NetScout Systems by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company’s stock valued at $85,000 after purchasing an additional 553 shares in the last quarter. State of Wyoming acquired a new stake in shares of NetScout Systems during the 1st quarter worth about $106,000. Quantbot Technologies LP grew its holdings in shares of NetScout Systems by 262.1% during the first quarter. Quantbot Technologies LP now owns 8,782 shares of the technology company’s stock worth $185,000 after buying an additional 6,357 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its position in shares of NetScout Systems by 4.8% in the first quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company’s stock valued at $233,000 after buying an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $26.79 on Tuesday. NetScout Systems, Inc. has a one year low of $18.12 and a one year high of $27.89. The company’s 50 day moving average price is $24.12 and its 200 day moving average price is $22.96. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 26.79 and a beta of 0.72.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $181.50 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total value of $137,939.36. Following the completion of the sale, the director owned 33,000 shares of the company’s stock, valued at $806,520. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Szabados sold 4,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the transaction, the director directly owned 38,939 shares in the company, valued at approximately $892,092.49. The trade was a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,000 shares of company stock worth $358,873. Company insiders own 3.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. B. Riley initiated coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of NetScout Systems in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.00.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.