NETSCOUT SYSTEMS INC 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities Price Range of Common Stock Our common stock trades on the Nasdaq Global Select Market, under the symbol NTCT. Stockholders At May 10, 2021, we had 92 stockholders of record. We believe that the number of beneficial holders of our common stock exceeds 12,000. Stock Performance Graph This performance graph shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of NetScout under the Exchange Act or the Securities Act of 1933, as amended. The Stock Performance Graph set forth below compares the yearly change in the cumulative total stockholder return on our common stock during the five-year period from March 31, 2016 through March 31, 2021 with the cumulative total return of the Nasdaq Composite Index and the Nasdaq Computer & Data Processing Index. The comparison assumes $100 was invested on March 31, 2016 in our common stock or in the Nasdaq Composite Index and the Nasdaq Computer & Data Processing Index and assumes reinvestment of dividends, if any. The stock price performance shown on the graph below is not necessarily indicative of future price performance. Information used in the graph was obtained from Zacks Investment Research, Inc. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN Assumes Initial Investment of $100 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 NetScout Systems, Inc. $ 100.00 $ 165.22 $ 114.71 $ 122.20 $ 103.05 $ 122.59 Nasdaq Composite – Total Returns $ 100.00 $ 122.88 $ 148.39 $ 164.16 $ 165.30 $ 286.62 Nasdaq Computer and Data Processing $ 100.00 $ 123.37 $ 164.89 $ 193.77 $ 212.88 $ 342.30 31 Table of Contents Dividend Policy In fiscal years 2021 and 2020 , we did not declare any cash dividends and do not anticipate declaring cash dividends in the foreseeable future. In addition, the terms of our credit facility limit our ability to pay cash dividends on our capital stock. It is our intention to retain all future earnings for reinvestment to fund our expansion and growth, to pay down our debt, and to fund our stock buyback program further described under Item 7 "Liquidity and Capital Resources." Any future cash dividend declaration will be at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, general financial conditions, capital requirements, existing bank covenants and general business conditions. Recent Sales of Unregistered Securities None. Purchases of Equity Securities by the Issuer The following table provides information about purchases we made during the quarter ended March 31, 2021 of equity securities that are registered by us pursuant to Section 12 of the Exchange Act: Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares That May Yet be Purchased Under the Program 1/1/2021 - 1/31/2021 413 $ 30.23 — 7,089,160 2/1/2021 - 2/28/2021 15,401 30.69 — 7,089,160 3/1/2021 - 3/31/2021 1,196 27.85 — 7,089,160 Total 17,010 $ 30.48 — 7,089,160 (1) We purchased an aggr egate of 17,010 shares transferred to us from employees in satisfaction of tax withholding obligations associated with the vesting of restricted stock units during the period. Such purchases reflected in the table do not reduce the maximum number of shares that may be purchased under our previously announced stock repurchase program (our previously disclosed 25 million share repurchase program). Item 6. Selected Financial Data Information required by Item 6 of Form 10-K is omitted pursuant to the SEC's adoption of amendments to Regulation S-K effective February 10, 2021. 32 Table of Contents