Legal & General Reports 4.48M NETSCOUT Shares, 6.3% Stake

Rhea-AI Filing Summary

Legal & General investment entities report beneficial ownership of 4,484,569 shares of Netscout Systems common stock, equal to 6.3% of the class. The filing shows no sole voting or dispositive power and discloses shared voting power of 4,468,897 and shared dispositive power of 4,484,569, indicating the position is held through affiliated managers and funds.

Several Legal & General affiliates are listed with individual holdings, the largest being Legal & General Investment Management Ltd at 4,363,668 shares (6.1%). The statement is executed by the group’s Head of Asset Class Oversight on behalf of the listed reporting persons.

Positive

• Institutional ownership exceeding 5%: Legal & General reports 4,484,569 shares, representing 6.3% of NETSCOUT, a material, investor-impacting disclosure.

Negative

• None.

Insights

Financial Analyst

Institutional stake above 5% is material but is a routine disclosure of ownership.

The filing documents a consolidated beneficial stake of 4,484,569 shares (6.3%) in NETSCOUT, with voting and dispositive power shared across Legal & General affiliates. For investors this is material ownership size that may influence market perception of shareholder base, but the filing contains no information about changes in strategy, intention to seek control, or operational plans. The concentration is primarily held via investment management entities, notably LGIM Ltd holding 4,363,668 shares.

Corporate Governance Expert

Multiple affiliated filers and shared powers indicate coordinated holdings through fund and manager structures.

The schedule identifies several Legal & General entities with overlapping shared voting and dispositive authority, which is typical for group-managed assets and UCITS/ETF structures. The largest affiliate holding is reported at 4,363,668 shares. The filing does not include statements of intent or any schedule 13D-level disclosures, and therefore provides only ownership detail without governance proposals or activist indications.

FAQ

Who filed the Schedule 13G for NETSCOUT (NTCT)?

The filing was submitted by multiple Legal & General entities including Legal & General Group Plc, Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, Legal & General UCITS ETF Plc, Legal & General Investment Management America Inc, and LGIM Singapore PTE Ltd.

How many NETSCOUT shares does Legal & General report owning and what percent is that?

Legal & General entities report beneficial ownership of 4,484,569 shares, representing 6.3% of NETSCOUT common stock.

Which Legal & General affiliate holds the largest reported position?

The largest single affiliate position listed is Legal & General Investment Management Ltd with 4,363,668 shares (reported as 6.1% of the class).

What voting and dispositive powers are reported?

The filing shows 0 shares with sole voting or dispositive power and reports shared voting power of 4,468,897 and shared dispositive power of 4,484,569 across the reporting persons.

Does the filing state any intention to influence NETSCOUT’s management or operations?

No. The document provides ownership details only and does not state any plans, intentions, or proposals to influence management or corporate actions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/11/2025 - 10:35 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

NETSCOUT SYSTEMS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

64115T104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 64115T104

1

Names of Reporting Persons

Legal & General Group Plc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,468,897.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,484,569.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,484,569.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 64115T104

1

Names of Reporting Persons

Legal & General Investment Management Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,347,996.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,363,668.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,363,668.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 64115T104

1

Names of Reporting Persons

LGIM Managers (Europe) Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,300,786.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,300,786.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,300,786.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 64115T104

1

Names of Reporting Persons

Legal & General UCITS ETF Plc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,289,861.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,289,861.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,289,861.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 64115T104

1

Names of Reporting Persons

Legal & General Investment Management America Inc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 120,901.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 120,901.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

120,901.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.2 %

12

Type of Reporting Person (See Instructions)

IA, CO, OO

Comment for Type of Reporting Person: CFTC registered Commodity Trading Advisor and Commodity Pool Operator, OSC and AMF registered portfolio in Canada

SCHEDULE 13G

CUSIP No. 64115T104

1

Names of Reporting Persons

LGIM Singapore PTE Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,925.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,925.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NETSCOUT SYSTEMS, INC.
(b)	Address of issuer's principal executive offices: 310 LITTLETON ROAD, WESTFORD, MA, 01886
Item 2.
(a)	Name of person filing: Legal & General Group Plc
(b)	Address or principal business office or, if none, residence: ONE COLEMAN STREET, LONDON, EC2R 5AA
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 64115T104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4484569
(b)	Percent of class: 6.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4468897
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4484569
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. 8 (a).LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED IS A DISCRETIONARY INVESTMENT MANAGER AUTHORISED AND REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. LEGAL & GENERAL UCITS ETF PLC IS ORGANISED AS AN OPEN-ENDED INVESTMENT COMPANY WITH VARIABLE CAPITAL. THE COMPANY IS STRUCTURED AS AN UMBRELLA FUND AND IS COMPRISED OF SEPARATE SUB-FUNDS. THE COMPANY HAS SEGREGATED LIABILITY BETWEEN ITS FUNDS AND IS ORGANISED UNDER THE LAWS OF IRELAND AS A PUBLIC LIMITED COMPANY PURSUANT TO THE COMPANIES ACT (2014) (AS AMENDED)(THE """"""""COMPANIES ACT""""""""). THE COMPANY HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH LGIM MANAGERS (EUROPE) LIMITED UNDER WHICH THE MANAGER IS RESPONSIBLE FOR THE MANAGEMENT OF THE COMPANYS AFFAIRS. LGIM MANAGERS (EUROPE) LIMITED IS A LIMITED LIABILITY COMPANY INCORPORATED IN IRELAND AND AUTHORISED BY THE CENTRAL BANK OF IRELAND AS A SUPER MANCO. THE MANAGER HAS APPOINTED LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED AS INVESTMENT MANAGER FOR EACH OF THE FUNDS. THE INVESTMENT MANAGER IS AUTHORISED AND REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. LEGAL & GENERAL INVESTMENT MANAGEMENT AMERICA INC. IS AN INVESTMENT MANAGER REGULATED BY THE SECURITIES AND EXCHANGE COMMISSION. LEGAL & GENERAL GROUP PLC IS AN INSURANCE COMPANY AND MULTINATIONAL FINANCIAL SERVICES GROUP COMPANY. LGIM SINGAPORE PTE. LTD. IS A DISCRETIONARY INVESTMENT MANAGER AUTHORISED BY THE MONETARY AUTHORITY OF SINGAPORE (MAS). Name of Persons Filing: THIS STATEMENT IS FILED BY: (i) Legal & General Group Plc (ii) Legal & General Investment Management Ltd (iii) LGIM Managers (Europe) Limited (iv) Legal & General UCITS ETF Plc (v) Legal & General Investment Management America Inc (vi) LGIM Singapore PTE. Ltd 8 (b). Address of Principal Business Office or, if none, Residence: THE ADDRESS OF PRINCIPAL BUSINESS OFFICE IS: (i) ONE COLEMAN STREET, LONDON, EC2R 5AA (ii) ONE COLEMAN STREET, LONDON, EC2R 5AA (iii) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND (iv) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND (v) 71 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606 (vi) LEVEL 7, 15-17, CAPITAL SQUARE, 23 CHURCH STREET, SINGAPORE, U0, 049481
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to the financial institutions in the group is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Legal & General Group Plc

Signature:	Lailah Sahzayasin
Name/Title:	Head of Asset Class Oversight
Date:	07/28/2025

Legal & General Investment Management Ltd

Signature:	Lailah Sahzayasin
Name/Title:	Head of Asset Class Oversight
Date:	07/28/2025

LGIM Managers (Europe) Limited

Signature:	Lailah Sahzayasin
Name/Title:	Head of Asset Class Oversight
Date:	07/28/2025

Legal & General UCITS ETF Plc

Signature:	Lailah Sahzayasin
Name/Title:	Head of Asset Class Oversight
Date:	07/28/2025

Legal & General Investment Management America Inc

Signature:	Lailah Sahzayasin
Name/Title:	Head of Asset Class Oversight
Date:	07/28/2025

LGIM Singapore PTE Ltd

Signature:	Lailah Sahzayasin
Name/Title:	Head of Asset Class Oversight
Date:	07/28/2025

Comments accompanying signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.