NetScout Systems (NASDAQ:NTCT) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of NetScout Systems (NASDAQ:NTCT) from a buy rating to a hold rating in a research note published on Sunday.

Several other equities analysts have also issued reports on NTCT. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. Royal Bank Of Canada lowered their price objective on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NetScout Systems has an average rating of “Moderate Buy” and an average price target of $31.00.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT opened at $29.79 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 22.92 and a beta of 0.64. The stock has a 50 day moving average price of $27.68 and a 200-day moving average price of $26.26. NetScout Systems has a 52-week low of $18.12 and a 52-week high of $30.67.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The business had revenue of $250.68 million during the quarter, compared to the consensus estimate of $233.69 million. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, equities analysts forecast that NetScout Systems will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Christopher Perretta sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the sale, the director owned 40,866 shares in the company, valued at approximately $1,144,656.66. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Sanjay Munshi sold 2,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total value of $54,460.00. Following the transaction, the chief operating officer directly owned 6,254 shares in the company, valued at $170,296.42. The trade was a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NetScout Systems

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in NetScout Systems by 23.3% in the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock worth $1,088,000 after acquiring an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NetScout Systems by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after purchasing an additional 2,036 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in NetScout Systems by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after purchasing an additional 207,807 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NetScout Systems by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock worth $4,481,000 after buying an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of NetScout Systems by 64.3% in the first quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock worth $7,316,000 after buying an additional 136,253 shares during the period. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Company Profile

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.