NetScout Systems (NASDAQ:NTCT) Director Michael Szabados Sells 4,000 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total value of $150,800.00. Following the completion of the transaction, the director owned 41,654 shares in the company, valued at approximately $1,570,355.80. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NetScout Systems Price Performance

NTCT stock opened at $38.50 on Thursday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 23.48 and a beta of 0.69. NetScout Systems, Inc. has a 1 year low of $23.86 and a 1 year high of $45.28. The company has a 50 day simple moving average of $40.58 and a 200 day simple moving average of $36.45.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The business had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Hedge Funds Weigh In On NetScout Systems

A number of large investors have recently modified their holdings of NTCT. IFP Advisors Inc grew its holdings in shares of NetScout Systems by 147.2% during 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 last quarter. Group One Trading LLC purchased a new stake in NetScout Systems in the 2nd quarter valued at $47,000. Nykredit A S bought a new position in shares of NetScout Systems during the second quarter valued at about $50,000. Ameritas Advisory Services LLC bought a new stake in NetScout Systems during the second quarter worth $53,000. Finally, Farther Finance Advisors LLC increased its stake 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 worth $35,000 after purchasing an additional 621 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NTCT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Royal Bank Of Canada boosted their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NetScout Systems currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.