NetScout Systems (NASDAQ:NTCT) Reaches New 1-Year High – Still a Buy?

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.67 and last traded at $30.5450, with a volume of 92501 shares. The stock had previously closed at $30.43.

Wall Street Analysts Forecast Growth

NTCT has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

NetScout Systems Stock Performance

The business’s 50 day moving average price is $28.38 and its 200-day moving average price is $27.17. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 23.33 and a beta of 0.63.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The business had revenue of $250.68 million during the quarter, compared to the consensus estimate of $233.69 million. During the same period last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In related news, Director Christopher Perretta sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the director directly owned 40,866 shares of the company’s stock, valued at approximately $1,144,656.66. This represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president owned 129,494 shares in the company, valued at $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.82% of the stock is currently owned by company insiders.

Institutional Trading of NetScout Systems

Several institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new position in shares of NetScout Systems in the 3rd quarter worth about $118,440,000. Robeco Institutional Asset Management B.V. grew its position in shares of NetScout Systems by 93.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock valued at $42,192,000 after buying an additional 753,842 shares during the last quarter. First Trust Advisors LP grew its position in shares of NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after buying an additional 729,632 shares during the last quarter. Millennium Management LLC raised its stake in NetScout Systems by 1,361.1% during the third quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock worth $19,316,000 after acquiring an additional 696,643 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in NetScout Systems during the third quarter worth about $16,091,000. Institutional investors 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.