NetScout Systems (NASDAQ:NTCT) Upgraded at Zacks Research

NetScout Systems (NASDAQ:NTCT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Finally, Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetScout Systems currently has a consensus rating of “Buy” and an average price target of $35.50.

NetScout Systems Trading Down 2.4%

Shares of NTCT stock opened at $41.13 on Tuesday. The company has a market capitalization of $2.94 billion, a PE ratio of 31.64 and a beta of 0.61. The firm has a fifty day simple moving average of $34.68 and a 200-day simple moving average of $30.34. NetScout Systems has a twelve month low of $20.39 and a twelve month high of $42.37.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The business had revenue of $203.04 million during the quarter, compared to the consensus estimate of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities research analysts predict that NetScout Systems will post 2.06 EPS for the current year.

Insider Buying and Selling

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the transaction, the director directly owned 35,000 shares in the company, valued at $1,423,450. This represents a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA raised its holdings in shares of NetScout Systems by 8.6% during the first quarter. Glenmede Trust Co. NA now owns 8,329 shares of the technology company’s stock worth $265,000 after purchasing an additional 657 shares during the period. Verus Capital Partners LLC bought a new stake in shares of NetScout Systems during the 1st quarter valued at about $263,000. Edgestream Partners L.P. grew its position in shares of NetScout Systems by 378.5% during the 1st quarter. Edgestream Partners L.P. now owns 171,391 shares of the technology company’s stock valued at $5,449,000 after buying an additional 135,576 shares during the last quarter. California State Teachers Retirement System grew its position in shares of NetScout Systems by 25.1% during the 1st quarter. California State Teachers Retirement System now owns 82,314 shares of the technology company’s stock valued at $2,617,000 after buying an additional 16,541 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of NetScout Systems by 22.2% during the 1st quarter. Empowered Funds LLC now owns 390,523 shares of the technology company’s stock valued at $12,415,000 after buying an additional 70,884 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Company Profile

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.