NetScout Systems, Inc. (NASDAQ:NTCT – Get Free Report) Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NetScout Systems Stock Down 1.2%
NetScout Systems stock traded down $0.46 during trading hours on Thursday, hitting $38.94. The stock had a trading volume of 531,962 shares, compared to its average volume of 574,787. The company has a 50-day moving average of $32.72 and a two-hundred day moving average of $29.46. The company has a market cap of $2.81 billion, a PE ratio of 29.95 and a beta of 0.61. NetScout Systems, Inc. has a fifty-two week low of $20.39 and a fifty-two week high of $40.92.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $203.04 million during the quarter, compared to analysts’ expectations of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts forecast that NetScout Systems, Inc. will post 1.83 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on NTCT
Hedge Funds Weigh In On NetScout Systems
A number of hedge funds have recently modified their holdings of NTCT. IFP Advisors Inc raised its holdings in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares in the last quarter. Farther Finance Advisors LLC grew its position in NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after acquiring an additional 621 shares during the last quarter. Advisory Services Network LLC bought a new stake in NetScout Systems during the 3rd quarter worth approximately $35,000. Global Retirement Partners LLC bought a new stake in NetScout Systems during the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its position in NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,917 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
NetScout Systems Company Profile
NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.
Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.
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