Vanguard Group Inc. Trims Stake in NetScout Systems, Inc. $NTCT

Vanguard Group Inc. lowered its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,257,058 shares of the technology company’s stock after selling 58,875 shares during the period. Vanguard Group Inc. owned 12.88% of NetScout Systems worth $239,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake in NetScout Systems by 1,857.1% in the second quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,040 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,917 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of NetScout Systems in the 3rd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. purchased a new position in NetScout Systems during the 2nd quarter valued at about $76,000. Finally, EMC Capital Management bought a new stake in NetScout Systems during the second quarter worth about $138,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Trading Down 0.4%

NetScout Systems stock opened at $29.21 on Monday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 22.47 and a beta of 0.63. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $30.67. The stock has a fifty day simple moving average of $28.02 and a two-hundred day simple moving average of $26.79.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The business had revenue of $250.68 million during the quarter, compared to analyst estimates of $233.69 million. During the same quarter in the previous year, the firm earned $0.94 EPS. NetScout Systems’s revenue was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, equities research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NTCT. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Royal Bank Of Canada dropped their target price on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Finally, Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Sanjay Munshi sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the transaction, the chief operating officer owned 6,254 shares in the company, valued at $170,296.42. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 15,000 shares of company stock valued at $424,560. 3.82% of the stock is owned by insiders.

NetScout Systems Company Profile

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.