NetScout Systems (NASDAQ:NTCT) Director John Egan Sells 14,500 Shares of Company Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director John Egan sold 14,500 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $32.78, for a total value of $475,310.00. Following the completion of the transaction, the director owned 98,240 shares in the company, valued at approximately $3,220,307.20. This represents a 12.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NetScout Systems Stock Down 1.3%

NTCT stock traded down $0.42 during midday trading on Friday, reaching $32.13. The company’s stock had a trading volume of 345,625 shares, compared to its average volume of 595,285. The business’s 50-day simple moving average is $38.19 and its 200-day simple moving average is $36.59. NetScout Systems, Inc. has a 52 week low of $25.29 and a 52 week high of $45.28. The stock has a market cap of $2.28 billion, a PE ratio of 18.26 and a beta of 0.72.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. NetScout Systems had a return on equity of 9.63% and a net margin of 14.62%. The company had revenue of $222.19 million during the quarter, compared to analysts’ expectations of $218.77 million. During the same period in the prior year, the business posted $0.62 EPS. NetScout Systems’s revenue was up 1.4% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts forecast that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NetScout Systems

Institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP raised its stake in NetScout Systems by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 2,068,696 shares of the technology company’s stock valued at $83,120,000 after acquiring an additional 105,863 shares during the period. Advisors Asset Management Inc. bought a new position in NetScout Systems during the third quarter worth $316,000. USS Investment Management Ltd boosted its position in NetScout Systems by 39.2% during the third quarter. USS Investment Management Ltd now owns 14,200 shares of the technology company’s stock worth $571,000 after purchasing an additional 4,000 shares during the period. Focus Advisor Solutions LLC bought a new position in NetScout Systems during the third quarter worth $351,000. Finally, Voya Investment Management LLC increased its holdings in shares of NetScout Systems by 3.9% in the third quarter. Voya Investment Management LLC now owns 33,045 shares of the technology company’s stock valued at $1,328,000 after purchasing an additional 1,255 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings upgraded NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Royal Bank Of Canada decreased their price objective on NetScout Systems from $43.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, November 6th. B. Riley Financial reissued a “buy” rating and issued a $50.00 target price on shares of NetScout Systems in a research report on Sunday, August 9th. after the company reported F1Q27 results. Finally, Zacks Research cut NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.50.

NetScout Systems Company Profile

NetScout Systems, Inc. provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments. The company’s offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.