NetScout Systems, Inc. $NTCT Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in NetScout Systems by 10.8%, now holding approximately 0.51% of the company, valued at $7.7 million.
• Corporate insiders, including Director Joseph G. Hadzima, Jr. and EVP John Downing, have recently sold shares, indicating a decrease in their ownership stakes.
• NetScout Systems reported earnings of $0.34 per share for the last quarter, surpassing analyst expectations and showing a 6.9% increase in year-over-year revenue.

Invesco Ltd. reduced its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 10.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 366,486 shares of the technology company's stock after selling 44,259 shares during the period. Invesco Ltd. owned approximately 0.51% of NetScout Systems worth $7,700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC grew its position in NetScout Systems by 4.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company's stock worth $233,000 after purchasing an additional 504 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of NetScout Systems by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock worth $85,000 after acquiring an additional 553 shares in the last quarter. Mariner LLC boosted its stake in shares of NetScout Systems by 5.4% during the 4th quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after acquiring an additional 681 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of NetScout Systems by 2.4% during the 1st quarter. Natixis Advisors LLC now owns 29,371 shares of the technology company's stock worth $617,000 after acquiring an additional 681 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of NetScout Systems by 4.4% during the 4th quarter. Vident Advisory LLC now owns 23,030 shares of the technology company's stock worth $499,000 after acquiring an additional 970 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the firm's stock in a transaction dated 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 approximately $3,047,982.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the firm's stock in a transaction dated 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. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.82% of the company's stock.

NetScout Systems Stock Down 1.5%

NTCT stock opened at $23.14 on Tuesday. The company's 50-day simple moving average is $22.98 and its 200-day simple moving average is $22.35. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The firm has a market cap of $1.66 billion, a P/E ratio of 23.14 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted 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 net margin of 8.72% and a return on equity of 7.47%. The business 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 company posted $0.28 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

NetScout Systems Company 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.

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