NetScout Systems (NASDAQ:NTCT) Hits New 1-Year High – Time to Buy?

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) hit a new 52-week high on Wednesday . The company traded as high as $30.95 and last traded at $30.7650, with a volume of 32278 shares changing hands. The stock had previously closed at $30.74.

Analyst Ratings Changes

Several analysts recently weighed in on NTCT shares. Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Royal Bank Of Canada dropped their target price on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Trading Down 1.3%

The business has a 50-day moving average of $28.63 and a two-hundred day moving average of $27.35. The firm has a market cap of $2.19 billion, a P/E ratio of 23.34 and a beta of 0.63.

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

Insiders Place Their Bets

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the transaction, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. This represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.82% of the stock is owned by insiders.

Hedge Funds Weigh In On NetScout Systems

Hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its position in NetScout Systems by 1,857.1% during the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,040 shares during the last quarter. IFP Advisors Inc increased its stake in shares of NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after buying an additional 602 shares during the period. Farther Finance Advisors LLC increased its stake in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after buying an additional 621 shares during the period. Advisory Services Network LLC bought a new position in shares of NetScout Systems during the third quarter worth about $35,000. Finally, Global Retirement Partners LLC acquired a new position in shares of NetScout Systems in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NetScout Systems

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.