NetScout Systems (NASDAQ:NTCT) Reaches New 12-Month High Following Analyst Upgrade

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) hit a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from $29.00 to $38.00. Royal Bank Of Canada currently has a sector perform rating on the stock. NetScout Systems traded as high as $40.33 and last traded at $40.3160, with a volume of 36555 shares. The stock had previously closed at $39.09.

Several other brokerages have also weighed in on NTCT. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, NetScout Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Insider Transactions at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president owned 129,494 shares of the company’s stock, valued at approximately $3,884,820. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.82% of the company’s stock.

Institutional Trading of NetScout Systems

Large investors have recently bought and sold shares of the company. IFP Advisors Inc grew its position in 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 acquiring an additional 602 shares in the last quarter. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 621 shares in the last quarter. Advisory Services Network LLC acquired a new stake in NetScout Systems in the third quarter valued at approximately $35,000. Global Retirement Partners LLC acquired a new stake in NetScout Systems in the fourth quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its position in NetScout Systems by 1,936.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,917 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Price Performance

The company’s 50-day simple moving average is $31.91 and its 200-day simple moving average is $29.10. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 31.10 and a beta of 0.61.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company had revenue of $203.04 million during the quarter, compared to the consensus estimate of $198.64 million. During the same quarter last year, the company earned $0.52 earnings per share. NetScout Systems’s revenue for the quarter was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities analysts predict that NetScout Systems, Inc. will post 1.83 EPS for the current fiscal year.

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.