NetScout Systems, Inc. $NTCT Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in NetScout Systems by 0.6%, owning 9,301,998 shares worth approximately $195.4 million after selling 51,503 shares in the latest quarter.
• A significant portion of NetScout's stock, approximately 91.64%, is held by hedge funds and institutional investors, indicating strong institutional support.
• NetScout Systems exceeded analysts' expectations with a quarterly EPS of $0.34, compared to a forecast of $0.29, alongside a revenue increase of 6.9% year-over-year.

Vanguard Group Inc. cut its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,301,998 shares of the technology company's stock after selling 51,503 shares during the period. Vanguard Group Inc. owned approximately 12.96% of NetScout Systems worth $195,435,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NTCT. Wells Fargo & Company MN raised its stake in NetScout Systems by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 43,913 shares of the technology company's stock worth $951,000 after purchasing an additional 8,826 shares during the period. Russell Investments Group Ltd. raised its stake in NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after purchasing an additional 1,263 shares during the period. Sterling Capital Management LLC raised its stake in NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares during the period. Barclays PLC raised its stake in NetScout Systems by 4.6% during the fourth quarter. Barclays PLC now owns 289,100 shares of the technology company's stock worth $6,262,000 after purchasing an additional 12,637 shares during the period. Finally, Mariner LLC raised its stake in NetScout Systems by 5.4% during the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after purchasing an additional 681 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NetScout Systems

In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total value of $83,475.00. Following the completion of the sale, the director owned 127,798 shares in the company, valued at $3,047,982.30. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Downing sold 3,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the transaction, the executive vice president owned 127,352 shares of the company's stock, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. 3.82% of the stock is owned by corporate insiders.

NetScout Systems Stock Up 3.3%

Shares of NTCT traded up $0.76 during trading on Friday, reaching $23.50. 472,000 shares of the company traded hands, compared to its average volume of 634,241. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $27.89. The stock has a market cap of $1.69 billion, a PE ratio of 23.50 and a beta of 0.65. The stock has a 50-day simple moving average of $22.99 and a 200-day simple moving average of $22.38.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $186.75 million during the quarter, compared to analysts' expectations of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, equities research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

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.