NetScout Systems (NASDAQ:NTCT) EVP John Downing Sells 8,000 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the sale, the executive vice president owned 129,121 shares in the company, valued at $5,202,285.09. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NetScout Systems Trading Down 1.3%

NASDAQ NTCT traded down $0.51 on Tuesday, hitting $40.15. 532,471 shares of the stock traded hands, compared to its average volume of 588,097. The stock has a 50-day moving average of $36.38 and a 200 day moving average of $31.14. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $43.80. The company has a market capitalization of $2.87 billion, a P/E ratio of 30.88 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last announced 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. The firm had revenue of $203.04 million for the quarter, compared to analysts’ expectations of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.NetScout Systems’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts expect that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On NetScout Systems

Several hedge funds have recently modified their holdings of the company. ProShare Advisors LLC increased its position in shares of NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock valued at $368,000 after purchasing an additional 437 shares during the period. IFP Advisors Inc increased its position in shares of NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after purchasing an additional 602 shares during the period. Quantinno Capital Management LP increased its position in shares of NetScout Systems by 6.2% during the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after purchasing an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of NetScout Systems by 14.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after purchasing an additional 618 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NTCT shares. Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.50.

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.