Christopher Perretta Sells 7,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCTGet Free Report) Director Christopher Perretta sold 7,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.00, for a total transaction of $266,000.00. Following the completion of the transaction, the director directly owned 40,866 shares of the company’s stock, valued at approximately $1,552,908. The trade was a 14.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $38.37 on Wednesday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.69. The stock has a 50 day moving average price of $39.62 and a 200-day moving average price of $37.33. NetScout Systems, Inc. has a one year low of $25.08 and a one year high of $45.28.

NetScout Systems (NASDAQ:NTCTGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Sell-side analysts predict that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

NTCT has been the subject of a number of recent analyst reports. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Read Our Latest Research Report on NetScout Systems

Institutional Trading of NetScout Systems

Several institutional investors and hedge funds have recently made changes to their positions in NTCT. IFP Advisors Inc grew its holdings in shares of NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares during the last quarter. Group One Trading LLC bought a new stake in NetScout Systems during the 2nd quarter valued at about $47,000. Nykredit A S bought a new stake in NetScout Systems during the 2nd quarter valued at about $50,000. Ameritas Advisory Services LLC purchased a new stake in NetScout Systems in the 2nd quarter valued at about $53,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in NetScout Systems in the 2nd quarter valued at about $68,000. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Company Profile

(Get Free Report)

NetScout Systems, Inc (NASDAQ: NTCT) provides network monitoring, service assurance, and cybersecurity solutions for enterprises, telecommunications providers, government organizations, and other large institutions. Its technology helps customers maintain network performance, identify service disruptions, analyze application and user experience, and detect or mitigate cyberthreats.

The company’s product portfolio includes network traffic and performance monitoring platforms, packet-based visibility tools, application and service assurance software, and distributed denial-of-service (DDoS) protection solutions.

Further Reading

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

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