The Manufacturers Life Insurance Company Invests $1.54 Million in NetScout Systems, Inc. $NTCT

The Manufacturers Life Insurance Company purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 35,296 shares of the technology company’s stock, valued at approximately $1,537,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after acquiring an additional 602 shares during the last quarter. Group One Trading LLC bought a new position in shares of NetScout Systems during the second quarter valued at approximately $47,000. Farther Finance Advisors LLC raised its position in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the period. Advisory Services Network LLC acquired a new stake in shares of NetScout Systems during the 3rd quarter worth approximately $35,000. Finally, Global Retirement Partners LLC bought a new stake in shares of NetScout Systems in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Activity

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the completion of the sale, the director directly owned 41,654 shares in the company, valued at $1,570,355.80. This represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sanjay Munshi sold 2,269 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the sale, the chief operating officer owned 6,729 shares of the company’s stock, valued at $264,247.83. This trade represents a 25.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,269 shares of company stock worth $869,504 over the last three months. Corporate insiders own 4.74% of the company’s stock.

NetScout Systems Stock Up 0.0%

NTCT stock opened at $37.50 on Friday. The company has a 50-day simple moving average of $40.36 and a 200 day simple moving average of $36.87. The company has a market capitalization of $2.73 billion, a P/E ratio of 22.87 and a beta of 0.69. NetScout Systems, Inc. has a fifty-two week low of $24.36 and a fifty-two week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. During the same quarter last year, the company earned $0.34 EPS. NetScout Systems’s quarterly revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NTCT shares. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. Royal Bank Of Canada increased their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.