Pacer Advisors Inc. Sells 70,282 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Pacer Advisors cut its NetScout Systems stake by 15.6% in the fourth quarter, selling 70,282 shares and leaving it with 379,036 shares worth about $10.26 million.
• Institutional ownership remains high, with 91.64% of NTCT shares held by institutions; several other funds added to their positions, including Robeco, First Trust Advisors, Millennium Management, and Wellington Management.
• NetScout Systems reported better-than-expected quarterly results, posting EPS of $0.52 versus $0.46 expected and revenue of $203.03 million versus $198.64 million expected, while analysts currently have a consensus Buy rating with a $35.50 average price target.

Pacer Advisors Inc. decreased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 379,036 shares of the technology company's stock after selling 70,282 shares during the period. Pacer Advisors Inc. owned 0.52% of NetScout Systems worth $10,257,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NTCT. CIBC Bancorp USA Inc. bought a new stake in NetScout Systems during the third quarter worth approximately $118,440,000. Robeco Institutional Asset Management B.V. raised its position in shares of NetScout Systems by 93.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company's stock valued at $42,192,000 after purchasing an additional 753,842 shares during the period. First Trust Advisors LP raised its position in shares of NetScout Systems by 40.8% in the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company's stock valued at $68,184,000 after purchasing an additional 729,632 shares during the period. Millennium Management LLC lifted its stake in shares of NetScout Systems by 1,361.1% in the third quarter. Millennium Management LLC now owns 747,824 shares of the technology company's stock worth $19,316,000 after buying an additional 696,643 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of NetScout Systems in the third quarter worth $16,091,000. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the firm's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the sale, the director directly owned 35,000 shares in the company, valued at $1,423,450. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the sale, the executive vice president owned 129,121 shares of the company's stock, valued at approximately $5,202,285.09. The trade was a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 3.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NTCT. Wall Street Zen upgraded shares of NetScout Systems from a "hold" rating to a "buy" rating in a research note on Sunday, May 17th. Zacks Research raised shares of NetScout Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 26th. Royal Bank Of Canada upped their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, May 8th. Finally, Weiss Ratings downgraded NetScout Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $35.50.

NetScout Systems Price Performance

Shares of NTCT stock opened at $39.67 on Monday. NetScout Systems, Inc. has a 12 month low of $20.39 and a 12 month high of $43.80. The firm has a market cap of $2.84 billion, a PE ratio of 30.52 and a beta of 0.68. The stock has a 50 day moving average of $37.84 and a 200-day moving average of $32.03.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $203.03 million for the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. NetScout Systems's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts predict that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.

About NetScout Systems

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout's flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.

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