24,879 Shares in NetScout Systems, Inc. $NTCT Bought by Fox Run Management L.L.C.

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. purchased 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 SEC. The institutional investor purchased 24,879 shares of the technology company's stock, valued at approximately $523,000.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in NetScout Systems in the 1st quarter worth $13,894,000. LSV Asset Management raised its stake in NetScout Systems by 253.1% during the first quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock worth $19,116,000 after acquiring an additional 652,155 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in NetScout Systems by 39.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock worth $24,211,000 after buying an additional 328,468 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in NetScout Systems by 54.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company's stock valued at $10,496,000 after purchasing an additional 175,894 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in NetScout Systems by 61.1% in the 4th quarter. AQR Capital Management LLC now owns 426,865 shares of the technology company's stock valued at $9,220,000 after purchasing an additional 161,915 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insider Activity at NetScout Systems

In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of NetScout Systems 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Downing sold 3,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president owned 127,352 shares in the company, valued at $2,988,951.44. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. 3.82% of the stock is owned by corporate insiders.

NetScout Systems Stock Up 3.1%

NASDAQ:NTCT traded up $0.7030 during mid-day trading on Friday, reaching $23.4430. 246,661 shares of the company were exchanged, compared to its average volume of 513,608. The company has a fifty day moving average of $22.99 and a 200 day moving average of $22.39. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $27.89. The stock has a market cap of $1.69 billion, a PE ratio of 23.44 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, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $186.75 million for 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%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

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.