NetScout Systems, Inc. $NTCT Stock: Robeco Institutional Asset Management B.V. Trims Stake

Robeco Institutional Asset Management B.V. cut its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 9.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,859,587 shares of the technology company’s stock after selling 196,555 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NetScout Systems were worth $74,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of NetScout Systems in the 2nd quarter worth about $498,027,000. Legal & General Group Plc bought a new position in NetScout Systems during the second quarter valued at about $165,970,000. Dimensional Fund Advisors LP grew its position in NetScout Systems by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock valued at $135,391,000 after buying an additional 110,702 shares during the period. Wellington Management Group LLP increased its holdings in NetScout Systems by 16.8% during the second quarter. Wellington Management Group LLP now owns 1,258,576 shares of the technology company’s stock worth $54,811,000 after buying an additional 181,380 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in NetScout Systems by 41.6% during the first quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock worth $20,239,000 after buying an additional 186,903 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NTCT. 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. Royal Bank Of Canada boosted their target price on shares of NetScout Systems from $38.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 8th. Finally, Weiss Ratings upgraded shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.00.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Sanjay Munshi sold 2,269 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $89,103.63. Following the completion of the transaction, the chief operating officer owned 6,729 shares in the company, valued at $264,247.83. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Perretta sold 7,000 shares of NetScout Systems stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.00, for a total transaction of $266,000.00. Following the completion of the transaction, the director owned 40,866 shares of the company’s stock, valued at $1,552,908. The trade was a 14.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,269 shares of company stock valued at $813,184. 4.74% of the stock is currently owned by insiders.

NetScout Systems Price Performance

Shares of NTCT opened at $38.31 on Friday. The firm has a market cap of $2.79 billion, a PE ratio of 23.36 and a beta of 0.69. The stock’s fifty day moving average price is $38.83 and its two-hundred day moving average price is $38.98. NetScout Systems, Inc. has a 1 year low of $25.29 and a 1 year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Sell-side analysts anticipate that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

About NetScout Systems

NetScout Systems, Inc (NASDAQ: NTCT) provides network performance management, service assurance and cybersecurity solutions for enterprises, communications service providers, government organizations and other large institutions. Its technologies are designed to help customers monitor network traffic, identify performance issues, maintain service availability and detect or respond to cyberthreats.

The company’s offerings include the nGeniusONE service assurance platform, InfiniStream network monitoring and packet-based visibility technologies, and solutions associated with its Arbor portfolio for distributed denial-of-service protection, network detection and response, and other cybersecurity applications.