Jackson Creek Investment Advisors LLC Acquires New Holdings in NetScout Systems, Inc. $NTCT

Jackson Creek Investment Advisors LLC acquired a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 15,328 shares of the technology company’s stock, valued at approximately $415,000.

Several other hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its position in NetScout Systems by 578.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 64,620 shares of the technology company’s stock valued at $1,749,000 after purchasing an additional 55,096 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of NetScout Systems during the 4th quarter worth about $226,000. Legato Capital Management LLC bought a new stake in shares of NetScout Systems during the 4th quarter worth about $484,000. LSV Asset Management raised its position in shares of NetScout Systems by 34.6% during the 4th 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 in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of NetScout Systems during the 4th quarter worth about $39,000. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Royal Bank Of Canada boosted their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $35.50.

NetScout Systems Price Performance

NASDAQ NTCT opened at $41.50 on Friday. The company’s 50 day simple moving average is $34.90 and its 200 day simple moving average is $30.43. NetScout Systems, Inc. has a 12 month low of $20.39 and a 12 month high of $42.37. The company has a market capitalization of $2.97 billion, a P/E ratio of 31.92 and a beta of 0.61.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping 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 business had revenue of $203.04 million for the quarter, compared to the consensus estimate of $198.64 million. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Insider Activity at NetScout Systems

In related news, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the sale, the director directly owned 35,000 shares in the company, valued at $1,423,450. The trade was a 12.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by insiders.

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.