Key Points
- NetScout Systems director Alfred Grasso sold 5,000 shares on May 12 at an average price of $40.67, totaling $203,350. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Grasso still owned 35,000 shares worth about $1.42 million, representing a 12.5% reduction in his position.
- NetScout recently beat quarterly earnings expectations, reporting EPS of $0.52 versus $0.46 expected, while analysts currently have a Moderate Buy consensus with an average price target of $35.50.
NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) Director Alfred Grasso sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares of the company's stock, valued at $1,423,450. This represents a 12.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NetScout Systems Stock Performance
Shares of NASDAQ:NTCT opened at $38.94 on Friday. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $40.92. The firm has a market capitalization of $2.81 billion, a P/E ratio of 29.95 and a beta of 0.61. The stock has a 50 day moving average price of $32.91 and a 200-day moving average price of $29.55.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business'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. On average, equities analysts forecast that NetScout Systems, Inc. will post 1.83 EPS for the current fiscal year.
Institutional Trading of NetScout Systems
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. purchased a new stake in NetScout Systems during the 3rd quarter valued at $118,440,000. Dimensional Fund Advisors LP boosted its stake in NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company's stock valued at $135,391,000 after purchasing an additional 110,702 shares during the last quarter. State Street Corp boosted its stake in NetScout Systems by 1.7% during the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company's stock valued at $82,962,000 after purchasing an additional 51,835 shares during the last quarter. First Trust Advisors LP boosted its stake in NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company's stock valued at $68,184,000 after purchasing an additional 729,632 shares during the last quarter. Finally, LSV Asset Management boosted its stake in NetScout Systems by 34.6% during the 4th quarter. LSV Asset Management now owns 2,288,036 shares of the technology company's stock valued at $61,914,000 after purchasing an additional 588,022 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on NTCT shares. Weiss Ratings downgraded NetScout Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, May 4th. Wall Street Zen downgraded NetScout Systems from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada upped their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.50.
Read Our Latest Research Report on NTCT
NetScout Systems Company Profile
(
Get Free Report)
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.
Further Reading
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