Shares of NetScout Systems Inc. (NASDAQ:NTCT) shot up 1% during mid-day trading on Tuesday . The stock traded as high as $24.87 and last traded at $24.76, with a volume of 100,724 shares traded. The stock had previously closed at $24.51.

Several research firms recently issued reports on NTCT. Zacks Investment Research lowered NetScout Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. B. Riley restated a “buy” rating and issued a $33.00 price objective on shares of NetScout Systems in a research note on Thursday, May 12th. Finally, Royal Bank Of Canada initiated coverage on NetScout Systems in a research note on Tuesday, April 12th. They issued an “outperform” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.25.

The stock’s market cap is $2.31 billion. The company’s 50-day moving average is $23.58 and its 200-day moving average is $22.88.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. During the same period last year, the company posted $0.67 earnings per share. The firm had revenue of $285.88 million for the quarter, compared to the consensus estimate of $302.65 million. The business’s revenue was up 139.4% on a year-over-year basis. On average, analysts expect that NetScout Systems Inc. will post $1.89 EPS for the current fiscal year.

In other news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $23.08, for a total transaction of $115,400.00. Following the completion of the transaction, the chief operating officer now directly owns 40,526 shares of the company’s stock, valued at $935,340.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Other institutional investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in NetScout Systems by 2.9% in the fourth quarter. Rhumbline Advisers now owns 187,496 shares of the company’s stock worth $5,756,000 after buying an additional 5,280 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of NetScout Systems during the fourth quarter worth $12,736,000. Oxford Asset Management acquired a new stake in shares of NetScout Systems during the fourth quarter worth $1,183,000. California State Teachers Retirement System boosted its stake in shares of NetScout Systems by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 170,583 shares of the company’s stock worth $5,237,000 after buying an additional 2,800 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of NetScout Systems by 29.0% in the fourth quarter. First Trust Advisors LP now owns 155,567 shares of the company’s stock worth $4,776,000 after buying an additional 34,944 shares during the period.

NetScout Systems, Inc is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers.

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