PNC Financial Services Group Inc. Increases Position in NetScout Systems, Inc. $NTCT

PNC Financial Services Group Inc. increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,048 shares of the technology company’s stock after acquiring an additional 553 shares during the period. PNC Financial Services Group Inc.’s holdings in NetScout Systems were worth $85,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NTCT. Wells Fargo & Company MN grew its stake in NetScout Systems by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 43,913 shares of the technology company’s stock valued at $951,000 after purchasing an additional 8,826 shares during the period. Russell Investments Group Ltd. grew its position in NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock valued at $30,000 after buying an additional 1,263 shares during the period. Sterling Capital Management LLC grew its position in NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock valued at $48,000 after buying an additional 1,973 shares during the period. Barclays PLC increased its holdings in NetScout Systems by 4.6% during the fourth quarter. Barclays PLC now owns 289,100 shares of the technology company’s stock worth $6,262,000 after buying an additional 12,637 shares during the last quarter. Finally, Mariner LLC raised its position in NetScout Systems by 5.4% in the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company’s stock worth $288,000 after acquiring an additional 681 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the completion of the transaction, the director owned 127,798 shares in the company, valued at $3,047,982.30. This trade represents a 2.67% 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. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $23.47, for a total transaction of $70,410.00. Following the completion of the transaction, the executive vice president owned 127,352 shares of the company’s stock, valued at $2,988,951.44. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. 3.82% of the stock is currently owned by corporate insiders.

NetScout Systems Stock Down 0.2%

NetScout Systems stock opened at $22.66 on Thursday. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $27.89. The firm has a 50 day moving average price of $23.01 and a 200-day moving average price of $22.40. The company has a market capitalization of $1.63 billion, a P/E ratio of 22.66 and a beta of 0.65.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $181.50 million. During the same quarter in the previous year, the firm posted $0.28 EPS. NetScout Systems’s revenue was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Equities analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.