Michael Szabados Buys Shares of NetScout Systems, Inc.
Michael Szabados purchased 6,048 shares of NetScout Systems, Inc. on June 19, 2026.
Key Points
- Michael Szabados purchased 6,048 shares of NetScout Systems, Inc. on June 19, 2026.
- NetScout's stock traded near $40.35 on Wednesday, with a market cap of about $2.88 billion.
- Vanguard Portfolio Management LLC opened a new position with 5,528,844 shares valued at approximately $175.76 million.
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Michael Szabados, an insider at NetScout Systems, Inc., purchased 6,048 shares of the company on June 19, 2026. This transaction did not involve a pre-planned trading program.
Other Institutional Activity in NetScout Systems, Inc.
In recent activity, BlackRock, Inc. increased its holdings slightly by 21,275 shares, bringing its total to 11,388,987 shares valued at about $362.06 million. Vanguard Portfolio Management LLC initiated a new position with 5,528,844 shares, valued at approximately $175.76 million. Dimensional Fund Advisors LP added 110,702 shares, resulting in a 2.7% increase to 4,258,974 shares worth roughly $135.39 million. Meanwhile, Legal & General Group PLC reduced its stake by 225,831 shares, a decrease of 5.8%, leaving it with 3,635,111 shares valued at around $115.56 million.
NetScout Systems, Inc. Stock Up 1.7%
Shares of NasdaqGS:NTCT traded near $40.35 on Wednesday. NetScout Systems, Inc. has a market cap of approximately $2.88 billion and a P/E ratio of 31.04. The stock's beta is 0.687, indicating lower volatility compared to the broader market. Over the past 52 weeks, the stock has ranged from a low of $20.39 to a high of $43.80. Its 50-day moving average is $37.61, while the 200-day moving average is $30.27.
$NTCT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
NetScout Systems reported revenue of $859.48 million, reflecting a slight decline of 1% year-over-year. The company's net margin stands at 11.12%, with a return on equity of 5.95%. Earnings per share were $1.30. The next earnings report is scheduled for August 6, 2026.
Insider Buying and Selling at NetScout Systems, Inc.
On June 19, 2026, several insiders were active in NetScout Systems. Anil Singhal, President & CEO, bought 10,368 shares, while EVP of World-Wide Sales, John Downing, acquired 5,184 shares. Both transactions were not part of a pre-planned program. Additionally, Singhal sold 4,609 shares at an average price of $39.67, and Downing sold 5,184 shares, with another sale of 2,305 shares at the same price.
Analysts Set New Price Targets
On May 8, 2026, RBC Capital maintained its hold rating on NetScout Systems with a price target of $38. The consensus among analysts suggests a mean target price of $41.71, with three analysts covering the stock.
About NetScout Systems, Inc.
NetScout Systems, Inc. is a technology company based in Westford, Massachusetts. It provides solutions for carrier service assurance, cybersecurity, and protection against Distributed Denial-of-Service (DDoS) attacks. The company's offerings include nGeniusONE management software, specialized platforms for network analysis, and cybersecurity solutions under the Arbor brand. Led by CEO Anil K. Singhal, NetScout serves a diverse range of industries including financial services, healthcare, and telecommunications.
Bottom Line
Insider purchases like those by Michael Szabados can be noteworthy for investors tracking NetScout Systems, Inc. The stock's recent performance and market metrics provide valuable context. While insider transactions can indicate confidence, it's crucial to remember that these are backward-looking disclosures and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.
