Royal Bank Of Canada Issues Positive Forecast for NetScout Systems (NASDAQ:NTCT) Stock Price

NetScout Systems (NASDAQ:NTCT) had its price target increased by research analysts at Royal Bank Of Canada from $26.00 to $31.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 8.33% from the company’s previous close.

Several other analysts have also recently issued reports on NTCT. Weiss Ratings restated a “sell (d+)” rating on shares of NetScout Systems in a report on Tuesday, October 14th. B. Riley initiated coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.00.

NetScout Systems Stock Down 2.2%

Shares of NetScout Systems stock traded down $0.63 during trading hours on Friday, reaching $28.62. 434,255 shares of the company’s stock were exchanged, compared to its average volume of 524,575. NetScout Systems has a 1 year low of $18.12 and a 1 year high of $30.67. The company has a market capitalization of $2.06 billion, a P/E ratio of 28.62 and a beta of 0.71. The business has a fifty day moving average of $26.08 and a two-hundred day moving average of $23.94.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $219.02 million for the quarter, compared to analyst estimates of $200.60 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. As a group, research analysts predict that NetScout Systems will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In related news, Director Michael Szabados sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the sale, the director directly owned 38,939 shares of the company’s stock, valued at approximately $892,092.49. This trade represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred Grasso sold 5,644 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total transaction of $137,939.36. Following the completion of the sale, the director owned 33,000 shares in the company, valued at approximately $806,520. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,000 shares of company stock worth $442,273. 3.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NetScout Systems

A number of institutional investors and hedge funds have recently made changes to their positions in NTCT. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of NetScout Systems during the 3rd quarter worth approximately $5,109,000. JPMorgan Chase & Co. lifted its stake in NetScout Systems by 65.8% during the third quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock worth $8,874,000 after purchasing an additional 136,377 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of NetScout Systems during the third quarter worth $55,000. Public Sector Pension Investment Board boosted its position in shares of NetScout Systems by 27.4% during the third quarter. Public Sector Pension Investment Board now owns 309,736 shares of the technology company’s stock worth $8,000,000 after buying an additional 66,524 shares during the period. Finally, Leuthold Group LLC acquired a new stake in shares of NetScout Systems in the third quarter valued at $3,199,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.