Key Points
- NetScout Systems EVP John Downing sold 8,000 shares at an average price of $38.41, generating $307,280. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 5.89% to 127,809 shares.
- NetScout reported stronger-than-expected quarterly results, with earnings of $0.52 per share versus the $0.38 consensus and revenue of $210.42 million, up 12.7% year over year.
- Institutional investors own 91.64% of the company, while analysts maintain a “Moderate Buy” consensus rating; the average price target is $35.50, below the stock’s reported $39.72 opening price.
NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) EVP John Downing sold 8,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the sale, the executive vice president owned 127,809 shares of the company's stock, valued at approximately $4,909,143.69. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Downing also recently made the following trade(s):
- On Monday, June 8th, John Downing sold 8,000 shares of NetScout Systems stock. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00.
NetScout Systems Stock Performance
Shares of NASDAQ:NTCT opened at $39.72 on Friday. The company has a 50-day simple moving average of $40.95 and a 200-day simple moving average of $35.78. NetScout Systems, Inc. has a one year low of $22.20 and a one year high of $45.28. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 24.22 and a beta of 0.69.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The business had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts forecast that NetScout Systems, Inc. will post 2.06 EPS for the current fiscal year.
Institutional Investors Weigh In On NetScout Systems
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in NetScout Systems during the 2nd quarter worth approximately $498,027,000. First Trust Advisors LP lifted its holdings 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 valued at $68,184,000 after buying an additional 729,632 shares during the period. Millennium Management LLC lifted its holdings 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 valued at $19,316,000 after buying an additional 696,643 shares during the period. Wellington Management Group LLP purchased a new stake in shares of NetScout Systems in the third quarter valued at approximately $16,091,000. Finally, LSV Asset Management boosted its stake in shares of NetScout Systems by 34.6% in the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company's stock valued at $61,914,000 after buying an additional 588,022 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.
Wall Street Analyst Weigh In
NTCT has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on 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 reaffirmed a "hold (c)" rating on shares of NetScout Systems in a report on Friday, July 31st. Wall Street Zen upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research cut shares of NetScout Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.
View Our Latest Stock Analysis on NetScout Systems
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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