22,844 Shares of NetScout Systems, Inc. $NTCT Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,844 shares of the technology company’s stock, valued at approximately $918,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. purchased a new stake in NetScout Systems in the 2nd quarter worth approximately $498,027,000. Legal & General Group Plc bought a new stake in shares of NetScout Systems in the second quarter worth about $165,970,000. Dimensional Fund Advisors LP increased its stake in NetScout Systems by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock worth $135,391,000 after acquiring an additional 110,702 shares during the last quarter. Wellington Management Group LLP increased its stake in NetScout Systems by 16.8% in the 2nd quarter. Wellington Management Group LLP now owns 1,258,576 shares of the technology company’s stock worth $54,811,000 after acquiring an additional 181,380 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in NetScout Systems in the 2nd quarter worth approximately $19,702,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insiders Place Their Bets

In related news, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of 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 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. Also, Director Christopher Perretta sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $38.00, for a total transaction of $266,000.00. Following the sale, the director directly owned 40,866 shares in the company, valued at approximately $1,552,908. This represents a 14.62% 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 90 days, insiders have sold 21,269 shares of company stock worth $813,184. 4.74% of the stock is currently owned by company insiders.

Key NetScout Systems News

Here are the key news stories impacting NetScout Systems this week:

• Positive Sentiment: Fiscal Q2 2027 adjusted EPS was $0.71, beating the $0.66 consensus and rising from $0.62 a year earlier. Revenue of $222.19 million also topped estimates of $218.77 million. Zacks earnings report
• Neutral Sentiment: NetScout maintained fiscal 2027 EPS guidance of $2.65–$2.80, above the $2.62 consensus. Revenue guidance of $885 million–$915 million brackets analysts’ $904.9 million estimate, while its midpoint is slightly below that forecast.
• Negative Sentiment: RBC cut its price target to $35 from $43 and kept a “sector perform” rating. The new target still implies about 11.1% upside from the cited $31.51 share price, but the sizable reduction may weigh on sentiment. RBC ratings information
• Negative Sentiment: Despite the quarterly beats, revenue increased just 1.4% year over year, suggesting modest growth and potentially limiting enthusiasm about the results.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $31.51 on Monday. The firm has a 50-day simple moving average of $38.66 and a 200-day simple moving average of $36.49. The firm has a market cap of $2.29 billion, a P/E ratio of 17.90 and a beta of 0.72. NetScout Systems, Inc. has a one year low of $25.29 and a one year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, November 5th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $222.19 million during the quarter, compared to the consensus estimate of $218.77 million. NetScout Systems had a net margin of 14.62% and a return on equity of 9.63%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, research analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NTCT has been the topic of several recent research reports. B. Riley Financial reaffirmed a “buy” rating and set a $50.00 price objective on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada lowered their price target on shares of NetScout Systems from $43.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One research 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 company has a consensus rating of “Hold” and an average price target of $42.50.

About NetScout Systems

NetScout Systems, Inc provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments.

The company’s offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.