Bank of New York Mellon Corp Acquires Shares of 452,403 NetScout Systems, Inc. $NTCT

Bank of New York Mellon Corp bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 452,403 shares of the technology company's stock, valued at approximately $19,702,000. Bank of New York Mellon Corp owned approximately 0.62% of NetScout Systems at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NTCT. Royal Bank of Canada lifted its holdings in shares of NetScout Systems by 23.3% in the 1st quarter. Royal Bank of Canada now owns 51,798 shares of the technology company's stock worth $1,088,000 after buying an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NetScout Systems by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company's stock valued at $869,000 after acquiring an additional 2,036 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in NetScout Systems by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company's stock worth $29,844,000 after acquiring an additional 207,807 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NetScout Systems by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company's stock worth $4,481,000 after acquiring an additional 15,112 shares during the period. Finally, Jane Street Group LLC grew its holdings in NetScout Systems by 64.3% during the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company's stock worth $7,316,000 after acquiring an additional 136,253 shares in 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 NetScout Systems news, COO Sanjay Munshi sold 2,269 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the transaction, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the sale, the executive vice president directly owned 127,809 shares in the company, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 22,269 shares of company stock valued at $869,504. 4.74% of the stock is owned by company insiders.

Analyst Ratings Changes

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

NetScout Systems Price Performance

Shares of NTCT opened at $39.06 on Monday. The company's fifty day moving average price is $40.56 and its 200-day moving average price is $36.61. NetScout Systems, Inc. has a 1-year low of $24.27 and a 1-year high of $45.28. The firm has a market capitalization of $2.84 billion, a PE ratio of 23.82 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm had revenue of $210.42 million during the quarter, compared to analysts' expectations of $196.17 million. During the same period last year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

NetScout Systems Company 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.

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