Legal & General Group Plc Lowers Stake in NetScout Systems, Inc. $NTCT

Legal & General Group Plc lowered its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 10.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,860,942 shares of the technology company’s stock after selling 438,981 shares during the period. Legal & General Group Plc owned 0.05% of NetScout Systems worth $104,477,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NTCT. Royal Bank of Canada lifted its holdings in NetScout Systems by 23.3% during the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 9,802 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NetScout Systems by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after purchasing an additional 2,036 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in NetScout Systems by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after purchasing an additional 207,807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NetScout Systems by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock valued at $4,481,000 after purchasing an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in NetScout Systems by 64.3% during the first quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after purchasing an additional 136,253 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NetScout Systems stock opened at $41.50 on Friday. NetScout Systems, Inc. has a 1 year low of $20.39 and a 1 year high of $42.37. The firm’s 50-day moving average is $34.90 and its two-hundred day moving average is $30.43. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 31.92 and a beta of 0.61.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company had revenue of $203.04 million for the quarter, compared to analysts’ expectations of $198.64 million. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts expect that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Insider Activity

In related news, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the sale, the director directly owned 35,000 shares in the company, valued at $1,423,450. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NTCT has been the topic of several analyst reports. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $35.50.

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.