Ritholtz Wealth Management Has $1.69 Million Stake in NetScout Systems, Inc. $NTCT

Ritholtz Wealth Management grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 319.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,064 shares of the technology company’s stock after purchasing an additional 40,408 shares during the quarter. Ritholtz Wealth Management’s holdings in NetScout Systems were worth $1,687,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. IFP Advisors Inc lifted its position in NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 valued at $35,000 after acquiring an additional 621 shares in the last quarter. Advisory Services Network LLC acquired a new stake in NetScout Systems in the 3rd quarter valued at about $35,000. Global Retirement Partners LLC bought a new position in shares of NetScout Systems in the fourth quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 1,917 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NetScout Systems stock opened at $41.59 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 31.99 and a beta of 0.68. The business has a 50-day moving average of $38.66 and a two-hundred day moving average of $32.47. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $43.80.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm had revenue of $203.03 million during the quarter, compared to analysts’ expectations of $198.64 million. During the same quarter in the prior year, the company earned $0.52 EPS. The company’s revenue 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, equities analysts anticipate that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NTCT shares. Royal Bank Of Canada increased their price objective on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems has a consensus rating of “Buy” and a consensus target price of $35.50.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the transaction, the executive vice president owned 129,121 shares of the company’s stock, valued at $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alfred Grasso sold 5,000 shares of the stock in a transaction 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 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by company insiders.

NetScout Systems 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.