NetScout Systems, Inc. $NTCT Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its position in NetScout Systems by 1.1% during the 1st quarter, owning 1,264,530 shares valued at approximately $26.57 million.
• NetScout Systems reported quarterly earnings of $0.34 per share, surpassing analysts' expectations of $0.29, with a revenue of $186.75 million, reflecting a 6.9% year-over-year growth.
• Insiders sold shares of NetScout Systems recently, with Director Joseph G. Hadzima, Jr. selling 3,500 shares, resulting in a 2.67% decrease in his ownership of the stock.

Charles Schwab Investment Management Inc. boosted its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,264,530 shares of the technology company's stock after buying an additional 13,374 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.76% of NetScout Systems worth $26,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock valued at $30,000 after buying an additional 1,263 shares during the period. Sterling Capital Management LLC grew its position in NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock valued at $48,000 after acquiring an additional 1,973 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in NetScout Systems in the 4th quarter valued at about $71,000. PNC Financial Services Group Inc. grew its position in NetScout Systems by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock valued at $85,000 after acquiring an additional 553 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in NetScout Systems in the 1st quarter valued at about $216,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Price Performance

Shares of NTCT stock traded up $0.75 during trading hours on Tuesday, reaching $23.89. 705,677 shares of the stock were exchanged, compared to its average volume of 605,799. The business's fifty day moving average is $22.99 and its two-hundred day moving average is $22.36. NetScout Systems, Inc. has a 12-month low of $18.12 and a 12-month high of $27.89. The firm has a market capitalization of $1.72 billion, a P/E ratio of 23.89 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $181.50 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business'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. As a group, equities research analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley began coverage on NetScout Systems in a research report on Tuesday. They issued a "buy" rating and a $33.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, NetScout Systems has an average rating of "Moderate Buy" and a consensus price target of $29.00.

Insider Activity at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 127,352 shares of the company's stock, valued at $2,988,951.44. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total value of $83,475.00. Following the completion of the transaction, the director directly owned 127,798 shares of the company's stock, valued at $3,047,982.30. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $245,525 over the last three months. 3.82% of the stock is owned by corporate insiders.

NetScout Systems 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.