NetScout Systems (NASDAQ:NTCT) Director Sells $150,800.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCTGet Free Report) Director Michael Szabados sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the transaction, the director directly owned 41,654 shares in the company, valued at approximately $1,570,355.80. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NetScout Systems Trading Down 1.0%

Shares of NASDAQ NTCT opened at $39.06 on Friday. NetScout Systems, Inc. has a twelve month low of $24.27 and a twelve month high of $45.28. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.82 and a beta of 0.69. The business has a 50 day simple moving average of $40.56 and a 200-day simple moving average of $36.55.

NetScout Systems (NASDAQ:NTCTGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. During the same period last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts predict that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NTCT. Corient Private Wealth LP grew its position in NetScout Systems by 17.0% in the 2nd quarter. Corient Private Wealth LP now owns 25,712 shares of the technology company’s stock worth $1,120,000 after purchasing an additional 3,744 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of NetScout Systems during the second quarter worth approximately $261,000. California State Teachers Retirement System boosted its position in shares of NetScout Systems by 3,926.2% during the second quarter. California State Teachers Retirement System now owns 3,314,155 shares of the technology company’s stock worth $144,331,000 after buying an additional 3,231,841 shares during the period. Ameritas Advisory Services LLC bought a new position in NetScout Systems in the 2nd quarter worth approximately $53,000. Finally, Compass Financial Management LLC acquired a new stake in NetScout Systems in the 2nd quarter valued at approximately $2,347,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTCT shares. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada lifted their target price on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Read Our Latest Stock Analysis on NetScout Systems

NetScout Systems Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for NetScout Systems (NASDAQ:NTCT)

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