NetScout Systems, Inc. (NASDAQ:NTCT) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $39.50.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of NetScout Systems in a research report on Friday, July 28th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of NetScout Systems in a research report on Thursday, July 20th.

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Shares of NetScout Systems (NASDAQ NTCT) opened at 32.80 on Friday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 166.50 and a beta of 1.62. The firm has a 50 day moving average of $33.07 and a 200 day moving average of $35.36. NetScout Systems has a 52 week low of $26.25 and a 52 week high of $38.47.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The business had revenue of $225.80 million for the quarter, compared to analyst estimates of $225.66 million. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue was down 16.1% on a year-over-year basis. Equities analysts predict that NetScout Systems will post $2.06 earnings per share for the current fiscal year.

In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total value of $173,000.00. Following the transaction, the insider now directly owns 39,170 shares in the company, valued at $1,355,282. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.51% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in NTCT. Seven Bridges Advisors LLC acquired a new position in NetScout Systems in the second quarter valued at about $109,000. Bank of Montreal Can boosted its position in 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 in the last quarter. Flinton Capital Management LLC boosted its position in NetScout Systems by 74.5% in the second quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock valued at $158,000 after buying an additional 1,968 shares in the last quarter. Riverhead Capital Management LLC boosted its position in NetScout Systems by 77.9% in the second quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock valued at $177,000 after buying an additional 2,258 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in NetScout Systems by 515.1% in the second quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock valued at $200,000 after buying an additional 4,950 shares in the last quarter.

NetScout Systems Company Profile

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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