Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes Position in NetScout Systems, Inc. $NTCT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 74,373 shares of the technology company’s stock, valued at approximately $1,921,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 0.10% of NetScout Systems at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its position in shares of NetScout Systems by 1,857.1% during the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,040 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in NetScout Systems by 1,936.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after buying an additional 1,917 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in NetScout Systems in the third quarter worth about $55,000. Northwestern Mutual Wealth Management Co. purchased a new position in NetScout Systems in the second quarter valued at about $76,000. Finally, EMC Capital Management purchased a new position in NetScout Systems in the second quarter valued at about $138,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NetScout Systems stock opened at $29.70 on Monday. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The stock has a market cap of $2.14 billion, a P/E ratio of 22.85 and a beta of 0.64. The firm’s fifty day moving average price is $27.89 and its 200-day moving average price is $26.55.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The business had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $233.69 million. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Sell-side analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTCT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. Royal Bank Of Canada lowered their target price on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Finally, Wall Street Zen cut NetScout Systems from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NetScout Systems presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Buying and Selling

In other NetScout Systems news, COO Sanjay Munshi sold 2,000 shares of NetScout Systems stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the sale, the chief operating officer directly owned 6,254 shares in the company, valued at $170,296.42. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher Perretta sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the completion of the transaction, the director directly owned 40,866 shares in the company, valued at $1,144,656.66. The trade was a 19.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.82% of the company’s stock.

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.