NetScout Systems (NASDAQ:NTCT) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

NetScout Systems, Inc. (NASDAQ:NTCT) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $36.47 and traded as low as $30.75. NetScout Systems shares last traded at $31.83, with a volume of 1,090,510 shares traded.

Analyst Ratings Changes

NTCT has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on NetScout Systems from $38.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. B. Riley Financial restated a “buy” rating and issued a $50.00 price target on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. Finally, Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NetScout Systems currently has a consensus rating of “Hold” and an average target price of $46.50.

NetScout Systems Stock Down 16.5%

The firm has a 50 day moving average of $38.82 and a 200-day moving average of $36.47. The company has a market cap of $2.31 billion, a P/E ratio of 19.41 and a beta of 0.72.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, November 5th. The technology company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%. The business had revenue of $222.19 million during the quarter, compared to analyst estimates of $218.77 million. During the same period in the previous year, the company posted $0.62 EPS. NetScout Systems’s revenue was up 1.4% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, research analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In related news, Director Christopher Perretta sold 7,000 shares of NetScout Systems stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.00, for a total value of $266,000.00. Following the completion of the sale, the director directly owned 40,866 shares in the company, valued at $1,552,908. The trade was a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the sale, the executive vice president directly owned 127,809 shares of the company’s stock, valued at approximately $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 21,269 shares of company stock worth $813,184. Corporate insiders own 4.74% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

Several hedge funds have recently modified their holdings of NTCT. Signaturefd LLC raised its stake in NetScout Systems by 111.8% in the third quarter. Signaturefd LLC now owns 754 shares of the technology company’s stock worth $30,000 after buying an additional 398 shares in the last quarter. Group One Trading LLC purchased a new stake in NetScout Systems during the second quarter worth $47,000. Nykredit A S purchased a new stake in NetScout Systems during the second quarter worth $50,000. Ameritas Advisory Services LLC bought a new stake in NetScout Systems during the 2nd quarter valued at $53,000. Finally, Public Employees Retirement System of Ohio bought a new stake in NetScout Systems during the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About NetScout Systems

NetScout Systems, Inc (NASDAQ: NTCT) provides network performance management, service assurance and cybersecurity solutions for enterprises, communications service providers, government organizations and other large institutions. Its technologies are designed to help customers monitor network traffic, identify performance issues, maintain service availability and detect or respond to cyberthreats.

The company’s offerings include the nGeniusONE service assurance platform, InfiniStream network monitoring and packet-based visibility technologies, and solutions associated with its Arbor portfolio for distributed denial-of-service protection, network detection and response, and other cybersecurity applications.