Key Points
- NetScout COO Sanjay Munshi sold 2,269 shares for approximately $89,104 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 25.22% to 6,729 shares.
- NetScout exceeded quarterly expectations, reporting $0.52 EPS versus the $0.38 consensus and revenue of $210.42 million, up 12.7% year over year. The company provided FY 2027 EPS guidance of $2.65–$2.80.
- Institutional investors own 91.64% of the stock, while analysts’ consensus rating is “Moderate Buy” with a $35.50 price target; shares recently opened at $38.35.
NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) COO Sanjay Munshi sold 2,269 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the sale, the chief operating officer directly owned 6,729 shares of the company's stock, valued at $264,247.83. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 $38.35 on Thursday. The company has a 50-day simple moving average of $40.84 and a 200-day simple moving average of $36.09. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.38 and a beta of 0.69. NetScout Systems, Inc. has a one year low of $22.47 and a one year high of $45.28.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. The company had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. NetScout Systems's quarterly revenue was up 12.7% on a year-over-year basis. 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. As a group, research analysts forecast that NetScout Systems, Inc. will post 2.14 EPS for the current fiscal year.
Hedge Funds Weigh In On NetScout Systems
Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in NetScout Systems in the 2nd quarter valued at $498,027,000. Dimensional Fund Advisors LP lifted its stake in shares of NetScout Systems by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company's stock worth $135,391,000 after purchasing an additional 110,702 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of NetScout Systems during the second quarter worth about $165,970,000. State Street Corp boosted its position in shares of NetScout Systems by 1.7% in the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company's stock worth $82,962,000 after buying an additional 51,835 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of NetScout Systems by 40.8% in the fourth 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 period. Hedge funds and other institutional investors own 91.64% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on NTCT shares. Zacks Research downgraded NetScout Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. Weiss Ratings upgraded NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 13th. Wall Street Zen raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.50.
Check Out Our Latest 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
