NETSCOUT SYSTEMS, INC.
In the published model solve dated 2026-Q2, anchored at $41.07, NETSCOUT SYSTEMS, INC. (NTCT) is priced for +19.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• NetScout sells network-visibility software in two lines: service assurance, which lets carriers and enterprises monitor performance, and cybersecurity, anchored by the Arbor DDoS-protection franchise that many providers resell as a managed service. • The defining feature is the balance sheet: zero debt and about $586 million of net cash, so the company funds growth and buybacks from its own resources and faces no financial pressure. • The next markers are fiscal 2027 revenue guidance of $885 m
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273 institutional managers reported holding NTCT in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 56%. 41 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 2.8M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NTCT has cut its share count 2.2% over the past five years, spending $321.75M on repurchases. It pays no dividend. Cash returned over the past three years: $136.06M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NTCT over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NTCT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -6.0% | -5.4% |
| 2023-11-03 | -0.5% | -3.7% |
| 2024-02-09 | +3.7% | -6.1% |
| 2024-05-17 | +1.0% | -13.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NTCT's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-03 (items 4.01, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-02-05 (items 2.02, 9.01); 2025-11-06 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.