NetScout Systems (NASDAQ:NTCT) Reaches New 1-Year High – What’s Next?

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price reached a new 52-week high on Monday . The stock traded as high as $44.00 and last traded at $40.8350, with a volume of 103 shares trading hands. The stock had previously closed at $41.42.

Analyst Ratings Changes

Several brokerages recently issued reports on NTCT. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada upped their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $35.50.

NetScout Systems Stock Down 1.0%

The business’s 50 day simple moving average is $37.11 and its two-hundred day simple moving average is $31.57. The stock has a market capitalization of $2.93 billion, a P/E ratio of 31.63 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $198.64 million. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Analysts predict that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 8,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the sale, the executive vice president owned 129,121 shares in the company, valued at approximately $5,202,285.09. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the transaction, the director owned 35,000 shares in the company, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.82% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NTCT. CIBC Bancorp USA Inc. bought a new stake in NetScout Systems in the 3rd quarter worth about $118,440,000. Robeco Institutional Asset Management B.V. lifted its position in shares of NetScout Systems by 93.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock worth $42,192,000 after buying an additional 753,842 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after buying an additional 729,632 shares during the last quarter. Millennium Management LLC boosted its stake in shares of NetScout Systems by 1,361.1% in the 3rd quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock worth $19,316,000 after buying an additional 696,643 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of NetScout Systems in the third quarter valued at approximately $16,091,000. 91.64% of the stock is owned by institutional investors.

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.