Legato Capital Management LLC Makes New $484,000 Investment in NetScout Systems, Inc. $NTCT

Legato Capital Management LLC bought a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,883 shares of the technology company’s stock, valued at approximately $484,000.

Several other hedge funds have also recently bought and sold shares of NTCT. CIBC Bancorp USA Inc. acquired a new position in NetScout Systems during the third quarter worth $118,440,000. Robeco Institutional Asset Management B.V. increased its position in NetScout Systems by 93.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock worth $42,192,000 after buying an additional 753,842 shares during the last quarter. Millennium Management LLC increased its position 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 worth $19,316,000 after buying an additional 696,643 shares during the last quarter. Wellington Management Group LLP acquired a new position in NetScout Systems during the third quarter worth $16,091,000. Finally, LSV Asset Management increased its position in NetScout Systems by 34.6% during the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after buying an additional 588,022 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Price Performance

NTCT stock opened at $42.12 on Wednesday. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $42.37. The company has a 50-day moving average of $34.46 and a two-hundred day moving average of $30.26. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 32.40 and a beta of 0.61.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company had revenue of $203.04 million during the quarter, compared to analysts’ expectations of $198.64 million. During the same period in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities analysts expect that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In related news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the sale, the director owned 35,000 shares in the company, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.82% of the company’s stock.

Wall Street Analyst Weigh In

NTCT has been the topic of several analyst reports. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NetScout Systems has an average rating of “Moderate Buy” and an average price target 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.