NetScout Systems, Inc. $NTCT Stock Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 27.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 227,516 shares of the technology company's stock after buying an additional 48,867 shares during the period. Public Sector Pension Investment Board owned 0.32% of NetScout Systems worth $4,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of NetScout Systems by 1,214.4% in the fourth 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 last quarter. Sterling Capital Management LLC grew its holdings in shares of NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock valued at $48,000 after purchasing an additional 1,973 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of NetScout Systems in the fourth quarter valued at approximately $71,000. PNC Financial Services Group Inc. grew its holdings in shares of NetScout Systems by 15.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock valued at $85,000 after purchasing an additional 553 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NetScout Systems during the 1st quarter worth approximately $216,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Stock Up 0.4%

NASDAQ:NTCT traded up $0.08 during trading hours on Thursday, reaching $22.74. 196,024 shares of the company's stock were exchanged, compared to its average volume of 514,238. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 22.76 and a beta of 0.65. The company has a 50-day moving average of $23.01 and a 200 day moving average of $22.40. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $27.89.

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 (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $181.50 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John Downing sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, the executive vice president owned 127,352 shares of the company's stock, valued at $2,988,951.44. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total value of $83,475.00. Following the transaction, the director owned 127,798 shares in the company, 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 company 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.