NetScout Systems (NASDAQ:NTCT) Reaches New 12-Month High – Time to Buy?

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) hit a new 52-week high on Monday . The company traded as high as $34.87 and last traded at $34.9410, with a volume of 49000 shares trading hands. The stock had previously closed at $33.98.

Analyst Ratings Changes

NTCT has been the subject of a number of research reports. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.00.

NetScout Systems Stock Down 0.7%

The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 27.32 and a beta of 0.61. The business’s fifty day moving average is $31.72 and its two-hundred day moving average is $29.01.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The firm had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $233.69 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, sell-side analysts expect that NetScout Systems, Inc. will post 1.74 earnings per share for the current year.

Insider Transactions at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of NetScout Systems 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 owned 129,494 shares in the company, valued at $3,884,820. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in NetScout Systems in the third quarter worth approximately $118,440,000. Dimensional Fund Advisors LP lifted its stake in NetScout Systems by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after acquiring an additional 109,910 shares during the last quarter. State Street Corp lifted its stake in NetScout Systems by 1.7% in the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after acquiring an additional 51,835 shares during the last quarter. First Trust Advisors LP lifted its stake in NetScout Systems by 40.8% in the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after acquiring an additional 729,632 shares during the last quarter. Finally, LSV Asset Management lifted its stake in NetScout Systems by 34.6% in the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after acquiring an additional 588,022 shares during the last quarter. Hedge funds and other 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.