Key Points
- NetScout Systems Director Christopher Perretta sold 7,000 shares for $266,000 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 14.62% to 40,866 shares.
- NetScout recently exceeded quarterly expectations, reporting $0.52 EPS versus the $0.38 consensus and revenue of $210.42 million, up 12.7% year over year.
- Shares were trading near $37.37, while analyst sentiment remained a “Moderate Buy” with a $38 consensus price target; institutional investors own 91.64% of the stock.
NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) Director Christopher Perretta sold 7,000 shares of the business's 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 transaction, the director directly owned 40,866 shares of the company's stock, valued at approximately $1,552,908. The trade was a 14.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NetScout Systems Trading Down 1.8%
NTCT stock opened at $37.37 on Tuesday. The firm has a 50-day moving average price of $39.70 and a 200-day moving average price of $37.27. NetScout Systems, Inc. has a 12 month low of $24.94 and a 12 month high of $45.28. The stock has a market capitalization of $2.72 billion, a P/E ratio of 22.79 and a beta of 0.69.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on NTCT shares. Weiss Ratings downgraded shares of NetScout Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 27th. Wall Street Zen raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded NetScout Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, NetScout Systems has an average rating of "Moderate Buy" and a consensus price target of $38.00.
Check Out Our Latest Report on NetScout Systems
Hedge Funds Weigh In On NetScout Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of NetScout Systems during the second quarter worth $498,027,000. Dimensional Fund Advisors LP increased its holdings in NetScout Systems by 2.7% in the first 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 period. Legal & General Group Plc bought a new position in NetScout Systems during the 2nd quarter worth $165,970,000. California State Teachers Retirement System raised its position in NetScout Systems by 3,926.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,314,155 shares of the technology company's stock worth $144,331,000 after purchasing an additional 3,231,841 shares during the last quarter. Finally, LSV Asset Management lifted its holdings 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 worth $61,914,000 after buying an additional 588,022 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.
NetScout Systems Company Profile
(
Get Free Report)
NetScout Systems, Inc (NASDAQ: NTCT) provides network monitoring, service assurance, and cybersecurity solutions for enterprises, telecommunications providers, government organizations, and other large institutions. Its technology helps customers maintain network performance, identify service disruptions, analyze application and user experience, and detect or mitigate cyberthreats.
The company's product portfolio includes network traffic and performance monitoring platforms, packet-based visibility tools, application and service assurance software, and distributed denial-of-service (DDoS) protection solutions.
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