NetScout Systems (NASDAQ:NTCT) Hits New 1-Year High – What’s Next?

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $33.20 and last traded at $32.8150, with a volume of 81466 shares traded. The stock had previously closed at $32.38.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Stock Up 2.3%

The business’s fifty day moving average is $29.82 and its 200 day moving average is $28.00. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 25.47 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data 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 net margin of 11.13% and a return on equity of 8.49%. The business had revenue of $250.68 million for the quarter, compared to analyst estimates of $233.69 million. During the same period last year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Equities research analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president directly owned 129,494 shares in the company, valued at approximately $3,884,820. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.82% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in NetScout Systems by 53.2% in the 4th quarter. Invesco Ltd. now owns 432,109 shares of the technology company’s stock valued at $11,693,000 after buying an additional 150,076 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in NetScout Systems by 27.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,493 shares of the technology company’s stock valued at $609,000 after buying an additional 4,887 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in NetScout Systems by 34.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 39,894 shares of the technology company’s stock valued at $1,109,000 after buying an additional 10,119 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in NetScout Systems in the 4th quarter valued at $218,000. Finally, Susquehanna Fundamental Investments LLC increased its stake in NetScout Systems by 413.4% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 68,879 shares of the technology company’s stock valued at $1,864,000 after buying an additional 55,462 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.