Insider Selling: NetScout Systems (NASDAQ:NTCT) Director Sells $266,000.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Christopher Perretta sold 7,000 shares of NetScout Systems stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $38.00, for a total transaction of $266,000.00. Following the completion of the transaction, the director owned 40,866 shares of the company’s stock, valued at $1,552,908. This trade represents a 14.62% decrease in their position. The transaction 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.

NetScout Systems Stock Performance

NetScout Systems stock traded down $0.68 on Monday, reaching $37.37. The company’s stock had a trading volume of 682,731 shares, compared to its average volume of 601,258. The business’s fifty day moving average price is $39.80 and its 200 day moving average price is $37.21. NetScout Systems, Inc. has a twelve month low of $24.94 and a twelve month high of $45.28. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 22.79 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The business had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue 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, equities analysts forecast that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTCT has been the subject of a number of analyst reports. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Institutional Investors Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Tidal Investments LLC lifted its position in NetScout Systems by 64.4% during the 2nd quarter. Tidal Investments LLC now owns 38,940 shares of the technology company’s stock worth $1,696,000 after buying an additional 15,259 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of NetScout Systems in the second quarter valued at about $154,000. Nykredit A S bought a new stake in NetScout Systems during the second quarter worth about $50,000. Corient Private Wealth LP raised its holdings in NetScout Systems by 17.0% during the second quarter. Corient Private Wealth LP now owns 25,712 shares of the technology company’s stock worth $1,120,000 after acquiring an additional 3,744 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NetScout Systems during the second quarter valued at approximately $261,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Company Profile

NetScout Systems, Inc (NASDAQ: NTCT) provides network monitoring, service assurance, and cybersecurity solutions for enterprises, telecommunications providers, government organizations, and other large institutions. Its technology helps customers maintain network performance, identify service disruptions, analyze application and user experience, and detect or mitigate cyberthreats.

The company’s product portfolio includes network traffic and performance monitoring platforms, packet-based visibility tools, application and service assurance software, and distributed denial-of-service (DDoS) protection solutions.