Robeco Institutional Asset Management B.V. Buys 31,275 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in NetScout Systems by 6.3% during Q2, now owning 530,867 shares valued at approximately $13.17 million.
• Over 91% of NetScout's stock is owned by institutional investors, reflecting significant interest from hedge funds and other financial entities.
• NetScout Systems reported earnings of $0.34 per share for the last quarter, exceeding analyst expectations and showing a 6.9% year-over-year revenue growth.

Robeco Institutional Asset Management B.V. grew its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,867 shares of the technology company's stock after buying an additional 31,275 shares during the period. Robeco Institutional Asset Management B.V. owned 0.74% of NetScout Systems worth $13,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in NetScout Systems by 1,658.0% during the 1st quarter. GAMMA Investing LLC now owns 18,195 shares of the technology company's stock valued at $382,000 after purchasing an additional 17,160 shares during the period. Wedge Capital Management L L P NC raised its stake in NetScout Systems by 4.6% during the first quarter. Wedge Capital Management L L P NC now owns 68,082 shares of the technology company's stock worth $1,430,000 after buying an additional 2,988 shares during the last quarter. SG Americas Securities LLC lifted its holdings in NetScout Systems by 94.6% in the first quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock valued at $667,000 after buying an additional 15,443 shares during the period. Assenagon Asset Management S.A. boosted its position 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 valued at $24,211,000 after acquiring an additional 328,468 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in NetScout Systems during the first quarter valued at $216,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NetScout Systems

In related news, Director Michael Szabados sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the sale, the director directly owned 38,939 shares of the company's stock, valued at approximately $892,092.49. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alfred Grasso sold 5,644 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total value of $137,939.36. Following the completion of the transaction, the director directly owned 33,000 shares in the company, valued at approximately $806,520. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $358,873. 3.82% of the stock is currently owned by corporate insiders.

NetScout Systems Price Performance

NASDAQ NTCT opened at $26.55 on Friday. The company has a fifty day moving average price of $24.02 and a 200-day moving average price of $22.91. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 26.55 and a beta of 0.72. 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 quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share 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 analysts' expectations of $181.50 million. During the same period in the previous year, the company earned $0.28 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a "sell (d)" rating on shares of NetScout Systems in a research note on Saturday, September 27th. B. Riley started coverage on NetScout Systems in a report on Tuesday, August 26th. They set a "buy" rating and a $33.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $29.00.

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.

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