Legal & General Group Plc Acquires Shares of 3,811,022 NetScout Systems, Inc. $NTCT

Legal & General Group Plc purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 3,811,022 shares of the technology company’s stock, valued at approximately $165,970,000. Legal & General Group Plc owned approximately 0.05% of NetScout Systems as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NTCT. IFP Advisors Inc lifted its position in NetScout Systems by 147.2% during the 4th 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. Farther Finance Advisors LLC grew its stake in shares of NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of NetScout Systems in the third quarter valued at approximately $35,000. Global Retirement Partners LLC purchased a new stake in shares of NetScout Systems during the fourth quarter worth approximately $39,000. Finally, Group One Trading LLC acquired a new stake in shares of NetScout Systems during the second quarter worth $47,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NTCT stock opened at $38.50 on Thursday. The business’s fifty day moving average price is $40.58 and its 200 day moving average price is $36.45. The firm 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 1-year low of $23.86 and a 1-year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released 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. The company had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities research analysts expect that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NTCT shares. 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. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NetScout Systems presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity at NetScout Systems

In other NetScout Systems news, Director Michael Szabados sold 4,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,570,355.80. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Sanjay Munshi sold 2,269 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the sale, the chief operating officer directly owned 6,729 shares in the company, valued at $264,247.83. This trade represents a 25.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,269 shares of company stock worth $869,504 over the last 90 days. Company insiders own 4.74% of the company’s stock.

About NetScout Systems

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.