Fox Run Management L.L.C. Takes $523,000 Position in NetScout Systems, Inc. $NTCT

Key Points

• Fox Run Management L.L.C. invested approximately $523,000 in NetScout Systems, Inc., acquiring 24,879 shares of the technology company.
• Institutional investors now own 91.64% of NetScout Systems' stock, with significant increases in stakes reported by various financial entities.
• NetScout reported strong earnings with an EPS of $0.34, exceeding analysts' expectations, as revenue increased by 6.9% year-over-year to $186.75 million.

Fox Run Management L.L.C. acquired a new stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 24,879 shares of the technology company's stock, valued at approximately $523,000.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. grew its stake 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 in the last quarter. Sterling Capital Management LLC grew its stake 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 buying an additional 1,973 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in NetScout Systems in the 4th quarter valued at approximately $71,000. PNC Financial Services Group Inc. grew its stake 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 buying an additional 553 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in NetScout Systems in the 1st quarter valued at approximately $216,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Performance

NetScout Systems stock traded up $0.76 during mid-day trading on Friday, reaching $23.50. The company's stock had a trading volume of 472,000 shares, compared to its average volume of 634,241. NetScout Systems, Inc. has a 12-month low of $18.12 and a 12-month high of $27.89. The company has a market capitalization of $1.69 billion, a P/E ratio of 23.50 and a beta of 0.65. The firm's fifty day moving average price is $22.99 and its two-hundred day moving average price is $22.37.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $186.75 million during the quarter, compared to analyst estimates of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. NetScout Systems's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Downing sold 3,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the completion of the transaction, the executive vice president directly owned 127,352 shares in the company, valued at $2,988,951.44. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the transaction, the director 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. 3.82% of the stock is owned by insiders.

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.