NetScout Systems (NASDAQ:NTCT) COO Sanjay Munshi Sells 2,269 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) COO Sanjay Munshi sold 2,269 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the transaction, the chief operating officer owned 6,729 shares of the company’s stock, valued at $264,247.83. This trade represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Trading Down 1.5%

NASDAQ NTCT opened at $38.35 on Thursday. The company’s 50-day moving average price is $40.84 and its 200-day moving average price is $36.09. The stock has a market cap of $2.79 billion, a PE ratio of 23.38 and a beta of 0.69. NetScout Systems, Inc. has a 12 month low of $22.47 and a 12 month high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, sell-side analysts forecast that NetScout Systems, Inc. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price objective 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. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of NetScout Systems during the 2nd quarter worth about $498,027,000. Legal & General Group Plc purchased a new position in shares of NetScout Systems in the 2nd quarter valued at about $165,970,000. First Trust Advisors LP raised 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 worth $68,184,000 after acquiring an additional 729,632 shares in the last quarter. Millennium Management LLC raised its position in shares of NetScout Systems by 1,361.1% during the 3rd 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 in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in NetScout Systems during the third quarter worth approximately $16,091,000. 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.