Vanguard Group Inc. Sells 51,503 Shares of NetScout Systems, Inc. $NTCT

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. reduced its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of NetScout Systems by 4.6% during the 4th quarter. First Trust Advisors LP now owns 1,432,901 shares of the technology company's stock valued at $31,037,000 after purchasing an additional 62,603 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of NetScout Systems by 39.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock valued at $24,211,000 after purchasing an additional 328,468 shares in the last quarter. LSV Asset Management grew its position in shares of NetScout Systems by 253.1% during the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock valued at $19,116,000 after purchasing an additional 652,155 shares in the last quarter. Northern Trust Corp grew its position in NetScout Systems by 2.1% in the fourth quarter. Northern Trust Corp now owns 795,610 shares of the technology company's stock worth $17,233,000 after acquiring an additional 16,013 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in NetScout Systems by 8.5% in the first quarter. Allianz Asset Management GmbH now owns 779,820 shares of the technology company's stock worth $16,384,000 after acquiring an additional 60,820 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Down 1.5%

NASDAQ:NTCT traded down $0.36 during midday trading on Monday, hitting $23.14. The company had a trading volume of 423,165 shares, compared to its average volume of 617,150. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The stock's fifty day moving average price is $22.98 and its 200-day moving average price is $22.35. The company has a market capitalization of $1.66 billion, a PE ratio of 23.14 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $181.50 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company's 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. As a group, research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Activity

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the completion of the sale, the director directly owned 127,798 shares in the company, valued at $3,047,982.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Downing sold 3,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.82% of the company's stock.

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.