NetScout Systems (NASDAQ:NTCT) Raised to “Strong-Buy” at Wall Street Zen

NetScout Systems (NASDAQ:NTCT) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada increased their target price on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetScout Systems has an average rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $38.44 on Friday. NetScout Systems has a 1 year low of $21.21 and a 1 year high of $45.28. The firm has a 50 day moving average of $41.24 and a 200-day moving average of $35.45. The stock has a market capitalization of $2.79 billion, a P/E ratio of 23.44 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. During the same period in the prior year, the company earned $0.34 EPS. NetScout Systems’s revenue for the quarter was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts forecast that NetScout Systems will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the transaction, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The sale 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. Also, EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the completion of the sale, the executive vice president owned 129,121 shares of the company’s stock, valued at approximately $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 4.74% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

Several institutional investors have recently modified their holdings of NTCT. IFP Advisors Inc lifted its holdings in NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after buying an additional 602 shares during the period. Farther Finance Advisors LLC raised its position in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after acquiring an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of NetScout Systems in the 3rd quarter valued at $35,000. Global Retirement Partners LLC acquired a new position in shares of NetScout Systems in the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.