American Century Companies Inc. Purchases 57,483 Shares of NetScout Systems, Inc. $NTCT

American Century Companies Inc. raised its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 161.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,046 shares of the technology company’s stock after purchasing an additional 57,483 shares during the period. American Century Companies Inc. owned about 0.13% of NetScout Systems worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NetScout Systems in the 1st quarter valued at $216,000. SG Americas Securities LLC increased its holdings in shares of NetScout Systems by 94.6% in the 1st quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company’s stock valued at $667,000 after acquiring an additional 15,443 shares during the period. Captrust Financial Advisors increased its holdings in shares of NetScout Systems by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company’s stock valued at $524,000 after acquiring an additional 993 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NetScout Systems by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company’s stock valued at $852,000 after acquiring an additional 1,481 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of NetScout Systems by 1,658.0% in the 1st quarter. GAMMA Investing LLC now owns 18,195 shares of the technology company’s stock valued at $382,000 after acquiring an additional 17,160 shares during the period. 91.64% of the stock is owned by institutional investors.

NetScout Systems Price Performance

Shares of NASDAQ:NTCT opened at $24.89 on Tuesday. The business’s 50-day moving average is $23.07 and its 200 day moving average is $22.36. NetScout Systems, Inc. has a 1 year low of $18.12 and a 1 year high of $27.89. The firm has a market capitalization of $1.79 billion, a P/E ratio of 24.89 and a beta of 0.72.

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

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on NetScout Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, NetScout Systems currently has an average rating of “Buy” and a consensus target price of $29.00.

Insider Activity at NetScout Systems

In related news, Director Alfred Grasso sold 5,644 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total transaction of $137,939.36. Following the transaction, the director directly owned 33,000 shares of the company’s stock, valued at $806,520. This represents a 14.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total value of $83,475.00. Following the transaction, the director directly owned 127,798 shares in the company, valued at $3,047,982.30. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock valued at $442,348 in the last ninety days. Corporate insiders own 3.82% of the company’s stock.

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.