NetScout Systems, Inc. $NTCT Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its NetScout Systems stake by 9.6%, selling 196,555 shares and retaining 1.86 million shares worth approximately $74.7 million. Institutional investors collectively own 91.64% of NTCT.
• NetScout reported quarterly earnings of $0.52 per share, beating estimates of $0.38, while revenue rose 12.7% year over year to $210.42 million. The company provided fiscal 2027 EPS guidance of $2.65 to $2.80.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $39.00, near the stock’s reported $38.31 price. Company insiders also sold 21,269 shares worth about $813,184 during the quarter.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,859,587 shares of the technology company's stock after selling 196,555 shares during the quarter. Robeco Institutional Asset Management B.V. owned 2.56% of NetScout Systems worth $74,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of NetScout Systems by 20.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,768 shares of the technology company's stock worth $71,000 after acquiring an additional 303 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in NetScout Systems by 16.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the technology company's stock valued at $139,000 after acquiring an additional 628 shares in the last quarter. Glenmede Trust Co. NA lifted its position in NetScout Systems by 8.6% in the 1st quarter. Glenmede Trust Co. NA now owns 8,329 shares of the technology company's stock valued at $265,000 after acquiring an additional 657 shares in the last quarter. Evolve Private Wealth LLC boosted its stake in NetScout Systems by 6.4% during the 1st quarter. Evolve Private Wealth LLC now owns 14,676 shares of the technology company's stock valued at $467,000 after purchasing an additional 888 shares during the last quarter. Finally, Swiss National Bank boosted its stake in NetScout Systems by 0.6% during the 1st quarter. Swiss National Bank now owns 142,728 shares of the technology company's stock valued at $4,537,000 after purchasing an additional 900 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NetScout Systems Price Performance

NASDAQ NTCT opened at $38.31 on Friday. NetScout Systems, Inc. has a 1 year low of $25.29 and a 1 year high of $45.28. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 23.36 and a beta of 0.69. The company has a fifty day moving average price of $38.83 and a 200-day moving average price of $38.98.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The company had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. During the same period last year, the firm earned $0.34 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, research analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NTCT shares. Weiss Ratings raised NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Royal Bank Of Canada increased their price objective on NetScout Systems from $38.00 to $43.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 16th. Wall Street Zen upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Zacks Research cut NetScout Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.00.

Insider Activity

In other NetScout Systems news, Director Christopher Perretta sold 7,000 shares of NetScout Systems stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $38.00, for a total transaction of $266,000.00. Following the transaction, the director owned 40,866 shares of the company's stock, valued at $1,552,908. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the transaction, the executive vice president owned 127,809 shares in the company, valued at $4,909,143.69. The trade was a 5.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 21,269 shares of company stock valued at $813,184. 4.74% of the stock is currently owned by company insiders.

About NetScout Systems

NetScout Systems, Inc NASDAQ: NTCT provides network performance management, service assurance and cybersecurity solutions for enterprises, communications service providers, government organizations and other large institutions. Its technologies are designed to help customers monitor network traffic, identify performance issues, maintain service availability and detect or respond to cyberthreats.

The company's offerings include the nGeniusONE service assurance platform, InfiniStream network monitoring and packet-based visibility technologies, and solutions associated with its Arbor portfolio for distributed denial-of-service protection, network detection and response, and other cybersecurity applications.

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