Russell Investments Group Ltd. Buys 75,313 Shares of NetScout Systems, Inc. $NTCT

Key Points

• Russell Investments Group Ltd. increased its stake in NetScout Systems by 5,509.4%, acquiring an additional 75,313 shares, bringing their total to 76,680 shares valued at approximately $1.61 million.
• In recent insider transactions, Director Michael Szabados sold 4,000 shares while Director Joseph G. Hadzima, Jr. sold 3,500 shares, representing decreases in their holdings.
• NetScout Systems reported Q2 earnings of $0.34 per share, surpassing estimates, with revenue hitting $186.75 million, marking a 6.9% year-over-year increase.

Russell Investments Group Ltd. raised its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 5,509.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,680 shares of the technology company's stock after acquiring an additional 75,313 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of NetScout Systems worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in NetScout Systems during the 1st quarter valued at $216,000. SG Americas Securities LLC boosted its position in NetScout Systems by 94.6% during the 1st quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock valued at $667,000 after acquiring an additional 15,443 shares in the last quarter. Captrust Financial Advisors boosted its position in NetScout Systems by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company's stock valued at $524,000 after acquiring an additional 993 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NetScout Systems by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company's stock valued at $852,000 after acquiring an additional 1,481 shares in the last quarter. Finally, GAMMA Investing LLC boosted 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 acquiring an additional 17,160 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

Insider Transactions at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction dated 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 owned 38,939 shares of the company's stock, valued at approximately $892,092.49. The trade was a 9.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of NetScout Systems 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 sale, the director directly owned 127,798 shares of the company's stock, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.82% of the company's stock.

NetScout Systems Price Performance

NetScout Systems stock opened at $24.76 on Thursday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 24.76 and a beta of 0.65. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $27.89. The business has a fifty day moving average price of $23.00 and a 200-day moving average price of $22.38.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm had revenue of $186.75 million during the quarter, compared to analysts' expectations of $181.50 million. During the same quarter last year, the firm earned $0.28 EPS. The business'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. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on NetScout Systems in a research report on Tuesday. They issued a "buy" rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $29.00.

About NetScout Systems

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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