SCHEDULE: Legal & General Group Discloses Significant Stake in NETSCOUT SYSTEMS
Beneficial Ownership Report
Legal & General Group Plc and its affiliates have reported beneficial ownership exceeding 5% in NETSCOUT SYSTEMS, INC. common stock as of December 31, 2023.
Summary
- Legal & General Group Plc and its affiliated entities have reported beneficial ownership in NETSCOUT SYSTEMS, INC. common stock as of December 31, 2023.
- Legal & General Group Plc holds an aggregate of 4,037,807 shares, representing 5.69% of the class, with shared voting power over 3,903,336 shares and shared dispositive power over 4,037,807 shares.
- Legal & General Investment Management Ltd beneficially owns 3,904,236 shares, accounting for 5.5% of the class, with shared voting power over 3,887,020 shares and shared dispositive power over 3,904,236 shares.
- LGIM Managers (Europe) Limited holds 3,844,312 shares, representing 5.41% of the class, with shared voting and dispositive power over all these shares.
- Legal & General UCITS ETF Plc also holds 3,844,312 shares, representing 5.4% of the class, with shared voting and dispositive power over all these shares.
- Legal & General Investment Management America Inc holds 133,571 shares, representing 0.19% of the class, with shared voting power over 16,316 shares and shared dispositive power over 133,571 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported beneficial ownership.
Sentiment
Score: 6
Explanation: The filing reports a significant institutional ownership stake, which is generally viewed as a positive signal of investor confidence, though it does not contain operational or financial performance data to assess deeper sentiment.
Positives
- Increased institutional ownership by a major financial group like Legal & General can signal confidence in the company's long-term prospects.
- The significant stake indicates a substantial investment by a reputable financial institution.
Future Outlook
NA
Industry Context
This filing reflects a significant investment by a major global financial services group, Legal & General, into a technology company specializing in cybersecurity and performance management solutions. Such institutional investments are common in the tech sector, indicating investor interest in companies with established market positions or growth potential.
Stakeholder Impact
- Shareholders: Increased institutional ownership may enhance investor confidence and potentially stabilize the stock price.
- Company Management: A significant institutional investor may exert influence on corporate governance or strategic decisions, though this filing does not indicate an activist stance.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Date of event which requires filing of this statement, indicating the beneficial ownership snapshot. |
| 07/02/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
NETSCOUT SYSTEMS, Legal & General Group Plc, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investment, Financial Services, Asset Management
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