Several other analysts also recently issued reports on NTCT. Zacks Investment Research downgraded shares of NetScout Systems from a buy rating to a sell rating in a report on Thursday, February 7th. Lake Street Capital set a $33.00 price target on shares of NetScout Systems and gave the company a buy rating in a report on Wednesday, December 26th. Finally, Piper Jaffray Companies downgraded shares of NetScout Systems from an overweight rating to a neutral rating and reduced their price target for the company from $31.00 to $30.00 in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $29.00.
Shares of NTCT opened at $29.64 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 2.00 and a debt-to-equity ratio of 0.29. NetScout Systems has a twelve month low of $21.58 and a twelve month high of $31.77. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 2.61 and a beta of 1.30.
NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Wednesday, January 30th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. NetScout Systems had a negative net margin of 8.32% and a positive return on equity of 2.09%. The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $237.17 million. During the same period in the prior year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities analysts anticipate that NetScout Systems will post 0.8 EPS for the current year.
In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $28.00, for a total transaction of $98,000.00. Following the transaction, the director now owns 113,798 shares of the company’s stock, valued at $3,186,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Downing sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $26.68, for a total transaction of $80,040.00. Following the transaction, the insider now directly owns 98,366 shares in the company, valued at approximately $2,624,404.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,500 shares of company stock worth $333,140. 3.93% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in shares of NetScout Systems by 2,038.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 678,701 shares of the technology company’s stock worth $29,000 after acquiring an additional 646,969 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of NetScout Systems in the fourth quarter worth $74,000. Dupont Capital Management Corp acquired a new stake in shares of NetScout Systems in the fourth quarter worth $184,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of NetScout Systems in the fourth quarter worth $217,000. Finally, Stephens Inc. AR acquired a new stake in shares of NetScout Systems in the fourth quarter worth $235,000.
NetScout Systems Company Profile
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.
Further Reading: Do stock splits help investors?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for NetScout Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetScout Systems and related companies with MarketBeat.com's FREE daily email newsletter.