Zacks Investment Research downgraded shares of NetScout Systems, Inc. (NASDAQ:NTCT) from a hold rating to a sell rating in a research note published on Thursday morning.

According to Zacks, “NetScout Systems designs, develops, manufactures, markets and supports a family of integrated products that enable optimization of the performance and cost management of complex, high-speed networks, including their ability to deliver critical business applications and content to end-users efficiently. They manufacture and market these products in an integrated hardware and software solution suite that is used by enterprise and service provider businesses worldwide. “

NTCT has been the subject of several other reports. BidaskClub downgraded NetScout Systems from a hold rating to a sell rating in a research note on Saturday, July 1st. Royal Bank Of Canada reissued a hold rating on shares of NetScout Systems in a research note on Thursday, July 20th. Finally, B. Riley reissued a buy rating and issued a $44.00 price objective on shares of NetScout Systems in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.00.

Shares of NetScout Systems (NTCT) opened at 34.00 on Thursday. NetScout Systems has a one year low of $26.25 and a one year high of $38.47. The firm’s 50-day moving average is $34.87 and its 200-day moving average is $35.78. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 172.59 and a beta of 1.61.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $225.80 million during the quarter, compared to the consensus estimate of $225.66 million. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The business’s quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Equities research analysts forecast that NetScout Systems will post $2.06 EPS for the current year.

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In other NetScout Systems news, insider John Downing sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $34.60, for a total value of $34,600.00. Following the completion of the sale, the insider now directly owns 112,215 shares in the company, valued at approximately $3,882,639. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total value of $173,000.00. Following the completion of the sale, the insider now owns 39,170 shares of the company’s stock, valued at $1,355,282. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,400 shares of company stock valued at $575,002. 3.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of NTCT. Seven Bridges Advisors LLC bought a new stake in shares of NetScout Systems during the second quarter valued at about $109,000. Bank of Montreal Can boosted its stake in shares of NetScout Systems by 8.9% in the second quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock valued at $113,000 after buying an additional 271 shares during the last quarter. World Asset Management Inc bought a new stake in shares of NetScout Systems during the first quarter valued at about $213,000. Juncture Wealth Strategies LLC bought a new stake in shares of NetScout Systems during the second quarter valued at about $216,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of NetScout Systems during the first quarter valued at about $220,000.

About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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