Acadian Asset Management LLC Trims Stake in NetScout Systems, Inc. $NTCT

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 reduced its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 25.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 534,659 shares of the technology company's stock after selling 186,083 shares during the quarter. Acadian Asset Management LLC owned about 0.75% of NetScout Systems worth $11,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company's stock valued at $29,844,000 after acquiring an additional 207,807 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of NetScout Systems by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,264,530 shares of the technology company's stock valued at $26,568,000 after acquiring an additional 13,374 shares during the period. Assenagon Asset Management S.A. grew its stake in NetScout Systems by 39.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock worth $24,211,000 after buying an additional 328,468 shares during the last quarter. LSV Asset Management grew its stake in NetScout Systems by 253.1% during the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock worth $19,116,000 after buying an additional 652,155 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in NetScout Systems by 8.5% during the 1st quarter. Allianz Asset Management GmbH now owns 779,820 shares of the technology company's stock worth $16,384,000 after buying an additional 60,820 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction dated 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 approximately $892,092.49. The trade was a 9.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alfred Grasso sold 5,644 shares of NetScout Systems stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the sale, the director directly owned 33,000 shares of the company's stock, valued at approximately $806,520. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,000 shares of company stock valued at $358,873. 3.82% of the stock is currently owned by insiders.

NetScout Systems Price Performance

Shares of NTCT stock opened at $25.10 on Friday. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $27.89. The stock's fifty day moving average price is $23.11 and its 200 day moving average price is $22.45. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 25.10 and a beta of 0.73.

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

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on NetScout Systems in a research note on Tuesday, August 26th. They set a "buy" rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $29.00.

About NetScout Systems

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.

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