NetScout Systems, Inc. $NTCT Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of NetScout Systems, Inc. (NASDAQ:NTCTFree Report) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,258,576 shares of the technology company’s stock after purchasing an additional 181,380 shares during the period. Wellington Management Group LLP owned approximately 1.73% of NetScout Systems worth $54,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of NetScout Systems by 23.3% in the 1st quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock valued at $1,088,000 after buying an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NetScout Systems by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after acquiring an additional 2,036 shares during the period. Goldman Sachs Group Inc. grew its position in NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after acquiring an additional 207,807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in NetScout Systems by 7.6% in the 1st 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 acquiring an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC increased its stake 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 worth $7,316,000 after purchasing an additional 136,253 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the transaction, the executive vice president owned 127,809 shares in the company, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total value of $150,800.00. Following the completion of the transaction, the director directly owned 41,654 shares in the company, valued at $1,570,355.80. This trade represents a 8.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 22,269 shares of company stock valued at $869,504. Insiders own 4.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Royal Bank Of Canada raised 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 note on Friday, May 8th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. 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. Finally, Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, NetScout Systems currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Check Out Our Latest Research Report on NTCT

NetScout Systems Stock Performance

Shares of NTCT opened at $37.50 on Friday. The stock has a 50-day simple moving average of $40.36 and a 200-day simple moving average of $36.87. The stock has a market capitalization of $2.73 billion, a PE ratio of 22.87 and a beta of 0.69. NetScout Systems, Inc. has a 1 year low of $24.36 and a 1 year high of $45.28.

NetScout Systems (NASDAQ:NTCTGet Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping 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 analyst estimates of $196.17 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current year.

NetScout Systems Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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