NetScout Systems, Inc. (NASDAQ:NTCT) insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $27.87, for a total transaction of $83,610.00. Following the sale, the insider now directly owns 96,925 shares of the company’s stock, valued at $2,701,299.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NetScout Systems stock opened at $27.58 on Friday. The firm has a market cap of $2.27 billion, a PE ratio of 27.86, a PEG ratio of 3.27 and a beta of 1.10. NetScout Systems, Inc. has a 12-month low of $21.58 and a 12-month high of $31.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 2.03.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.21. The business had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $218.30 million. NetScout Systems had a net margin of 1.88% and a return on equity of 3.29%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. As a group, sell-side analysts forecast that NetScout Systems, Inc. will post 0.85 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in shares of NetScout Systems during the 2nd quarter worth $164,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of NetScout Systems during the 2nd quarter worth $223,000. Hartford Investment Management Co. purchased a new stake in shares of NetScout Systems during the 2nd quarter worth $223,000. Tower Research Capital LLC TRC lifted its position in NetScout Systems by 201.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,784 shares of the technology company’s stock valued at $232,000 after acquiring an additional 5,198 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in NetScout Systems by 28.9% in the first quarter. Xact Kapitalforvaltning AB now owns 12,032 shares of the technology company’s stock valued at $317,000 after acquiring an additional 2,700 shares during the last quarter.

Several equities research analysts have recently issued reports on NTCT shares. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. BidaskClub cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Piper Jaffray Companies set a $31.00 price objective on shares of NetScout Systems and gave the stock a “buy” rating in a research report on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.50.

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About NetScout Systems

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

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