Algert Global LLC Makes New $3.69 Million Investment in NetScout Systems, Inc. $NTCT

Key Points

• Algert Global LLC acquired 175,650 shares of NetScout Systems, Inc. valued at approximately $3.69 million, representing about 0.24% of the company.
• NetScout Systems reported $0.34 earnings per share (EPS) for the quarter, surpassing the consensus estimate of $0.29, with a revenue of $186.75 million, up 6.9% year-over-year.
• Institutional investors and hedge funds now own 91.64% of NetScout Systems' stock, indicating significant interest from major financial entities.

Algert Global LLC bought a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 175,650 shares of the technology company's stock, valued at approximately $3,690,000. Algert Global LLC owned approximately 0.24% of NetScout Systems at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after purchasing an additional 1,263 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of NetScout Systems during the fourth quarter worth about $71,000. PNC Financial Services Group Inc. grew its position in shares of NetScout Systems by 15.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock worth $85,000 after purchasing an additional 553 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NetScout Systems during the first quarter worth about $216,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Price Performance

Shares of NASDAQ:NTCT traded up $0.76 during trading on Friday, hitting $23.50. 472,000 shares of the company's stock were exchanged, compared to its average volume of 634,241. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The business's 50-day simple moving average is $22.99 and its 200 day simple moving average is $22.38. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 23.50 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) 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 analysts' expectations of $181.50 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, sell-side analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In other news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of NetScout Systems stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total value of $83,475.00. Following the sale, the director directly owned 127,798 shares of the company's stock, valued at approximately $3,047,982.30. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $23.47, for a total value of $70,410.00. Following the completion of the sale, the executive vice president directly owned 127,352 shares in the company, valued at $2,988,951.44. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.82% of the company's stock.

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.