Legal & General Group Plc Acquires New Position in NetScout Systems, Inc. $NTCT

Legal & General Group Plc acquired a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,811,022 shares of the technology company’s stock, valued at approximately $165,970,000. Legal & General Group Plc owned 5.24% of NetScout Systems at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. IFP Advisors Inc grew its holdings in NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after acquiring an additional 602 shares during the period. Group One Trading LLC acquired a new position in NetScout Systems in the 2nd quarter valued at about $47,000. Farther Finance Advisors LLC increased its position in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC purchased a new position in NetScout Systems during the third quarter worth about $35,000. Finally, Global Retirement Partners LLC acquired a new stake in NetScout Systems in the 4th quarter valued at approximately $39,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NTCT. Royal Bank Of Canada boosted their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insiders Place Their Bets

In other news, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the sale, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the sale, the executive vice president directly owned 127,809 shares of the company’s stock, valued at $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 22,269 shares of company stock valued at $869,504. 4.74% of the stock is currently owned by insiders.

NetScout Systems Trading Up 1.2%

Shares of NASDAQ:NTCT opened at $38.50 on Thursday. The company has a market capitalization of $2.80 billion, a PE ratio of 23.48 and a beta of 0.69. NetScout Systems, Inc. has a twelve month low of $23.86 and a twelve month high of $45.28. The firm has a 50 day simple moving average of $40.58 and a 200-day simple moving average of $36.45.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

NetScout Systems 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.