NetScout Systems (NASDAQ:NTCT) EVP John Downing Sells 3,000 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the transaction, the executive vice president owned 135,494 shares of the company’s stock, valued at approximately $4,064,820. The trade was a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Downing also recently made the following trade(s):

• On Monday, November 3rd, John Downing sold 3,000 shares of NetScout Systems stock. The shares were sold at an average price of $27.80, for a total value of $83,400.00.

NetScout Systems Price Performance

NetScout Systems stock opened at $28.71 on Friday. The company has a market cap of $2.06 billion, a PE ratio of 28.71 and a beta of 0.71. The company has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $24.00. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $30.67.

NetScout Systems (NASDAQ:NTCT) last issued 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. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company had revenue of $219.02 million for the quarter, compared to analysts’ expectations of $200.60 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. Equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTCT shares. Royal Bank Of Canada raised their target price on shares of NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a report on Friday. B. Riley began coverage on NetScout Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of NetScout Systems in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NetScout Systems currently has an average rating of “Hold” and an average price target of $32.00.

Institutional Trading of NetScout Systems

Several hedge funds have recently added to or reduced their stakes in NTCT. Allworth Financial LP grew its stake in shares of NetScout Systems by 1,857.1% in the second quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,040 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of NetScout Systems during the second quarter valued at about $27,000. Ransom Advisory Ltd acquired a new stake in NetScout Systems in the first quarter worth about $34,000. EverSource Wealth Advisors LLC grew its position in NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after buying an additional 1,917 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in NetScout Systems during the 3rd quarter valued at about $55,000. Institutional investors own 91.64% of the company’s stock.

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.