NetScout Systems, Inc. $NTCT Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has reduced its stake in NetScout Systems by 25.8%, now owning approximately 534,659 shares worth around $11.2 million.
• Despite Acadian's reduction, other institutional investors like Goldman Sachs and Assenagon Asset Management have increased their holdings in NetScout, indicating continued institutional interest in the stock.
• NetScout Systems reported $0.34 earnings per share for the last quarter, exceeding estimates, and has set a FY 2026 guidance of 2.250-2.40 EPS.

Acadian Asset Management LLC trimmed its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 25.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,659 shares of the technology company's stock after selling 186,083 shares during the period. Acadian Asset Management LLC owned approximately 0.75% of NetScout Systems worth $11,229,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NetScout Systems in the 1st quarter valued at $216,000. SG Americas Securities LLC grew its position in NetScout Systems by 94.6% during the 1st quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock worth $667,000 after purchasing an additional 15,443 shares during the last quarter. Captrust Financial Advisors grew its position in NetScout Systems by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock worth $524,000 after purchasing an additional 993 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NetScout Systems by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company's stock worth $852,000 after purchasing an additional 1,481 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in NetScout Systems by 1,658.0% during the 1st quarter. GAMMA Investing LLC now owns 18,195 shares of the technology company's stock worth $382,000 after purchasing an additional 17,160 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NetScout Systems

In other news, Director Alfred Grasso sold 5,644 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total value of $137,939.36. Following the completion of the sale, the director owned 33,000 shares in the company, valued at approximately $806,520. This trade represents a 14.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Szabados sold 4,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the sale, the director owned 38,939 shares of the company's stock, valued at $892,092.49. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $358,873 in the last 90 days. Company insiders own 3.82% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $29.00.

NetScout Systems Price Performance

Shares of NTCT stock traded up $0.50 during mid-day trading on Thursday, hitting $25.85. The stock had a trading volume of 138,473 shares, compared to its average volume of 516,641. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $27.89. The firm has a market cap of $1.86 billion, a PE ratio of 25.84 and a beta of 0.73. The company's 50-day simple moving average is $23.19 and its 200-day simple moving average is $22.50.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company had revenue of $186.75 million during the quarter, compared to analysts' expectations of $181.50 million. During the same quarter last year, the business earned $0.28 EPS. The business's revenue was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.