American Century Companies Inc. Has $1.96 Million Stock Position in NetScout Systems, Inc. $NTCT

American Century Companies Inc. lifted its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 161.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,046 shares of the technology company's stock after acquiring an additional 57,483 shares during the quarter. American Century Companies Inc. owned 0.13% of NetScout Systems worth $1,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in NetScout Systems by 1.1% during 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 purchasing an additional 13,374 shares during the period. Assenagon Asset Management S.A. boosted its position 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 valued at $24,211,000 after purchasing an additional 328,468 shares during the period. LSV Asset Management boosted its position in NetScout Systems by 253.1% during the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock valued at $19,116,000 after purchasing an additional 652,155 shares during the period. Northern Trust Corp boosted its position in NetScout Systems by 2.1% during the 4th quarter. Northern Trust Corp now owns 795,610 shares of the technology company's stock valued at $17,233,000 after purchasing an additional 16,013 shares during the period. Finally, Allianz Asset Management GmbH boosted its position 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 valued at $16,384,000 after purchasing an additional 60,820 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Price Performance

Shares of NTCT traded down $0.19 during midday trading on Friday, reaching $24.86. The stock had a trading volume of 570,629 shares, compared to its average volume of 561,526. NetScout Systems, Inc. has a 52 week low of $18.12 and a 52 week high of $27.89. The firm's 50 day moving average price is $23.08 and its 200-day moving average price is $22.39. The company has a market capitalization of $1.79 billion, a P/E ratio of 24.86 and a beta of 0.73.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $181.50 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company's quarterly 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, equities analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Transactions at NetScout Systems

In other news, Director Michael Szabados sold 4,000 shares of the business'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 sale, the director directly owned 38,939 shares of the company's stock, valued at $892,092.49. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred Grasso sold 5,644 shares of the company'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 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,500 shares of company stock valued at $442,348. Corporate insiders own 3.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on NetScout Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $33.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price 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.