Wellington Management Group LLP Increases Stock Holdings in NetScout Systems, Inc. $NTCT

Wellington Management Group LLP grew its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities and 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 quarter. Wellington Management Group LLP’s holdings in NetScout Systems were worth $54,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NTCT. IFP Advisors Inc grew its position in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after buying an additional 602 shares during the last quarter. Farther Finance Advisors LLC lifted its position in NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after acquiring an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new position in NetScout Systems in the third quarter valued at $35,000. Global Retirement Partners LLC acquired a new position in NetScout Systems in the fourth quarter valued at $39,000. Finally, Group One Trading LLC purchased a new position in shares of NetScout Systems during the second quarter worth about $47,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on NTCT shares. Royal Bank Of Canada lifted their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

NetScout Systems Stock Performance

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

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

Insider Buying and Selling at NetScout Systems

In other news, 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 transaction, the chief operating officer owned 6,729 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the sale, the executive vice president owned 127,809 shares of the company’s stock, valued at $4,909,143.69. This trade represents a 5.89% 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. In the last ninety days, insiders have sold 22,269 shares of company stock worth $869,504. 4.74% of the stock is currently owned by insiders.

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.