John Downing Sells 3,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $27.80, for a total transaction of $83,400.00. Following the sale, the executive vice president directly owned 138,494 shares in the company, valued at $3,850,133.20. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $26.92 on Wednesday. NetScout Systems, Inc. has a one year low of $18.12 and a one year high of $28.30. The company’s 50-day simple moving average is $25.94 and its 200 day simple moving average is $23.88. The firm has a market capitalization of $1.93 billion, a P/E ratio of 26.92 and a beta of 0.72.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, equities research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in NetScout Systems during the first quarter valued at approximately $216,000. Allspring Global Investments Holdings LLC purchased a new stake in NetScout Systems during the second quarter valued at approximately $546,000. Cubist Systematic Strategies LLC increased its holdings in NetScout Systems by 284.9% during the first quarter. Cubist Systematic Strategies LLC now owns 52,276 shares of the technology company’s stock valued at $1,098,000 after buying an additional 38,693 shares during the last quarter. Caxton Associates LLP purchased a new stake in NetScout Systems during the first quarter valued at approximately $492,000. Finally, Allianz Asset Management GmbH increased its holdings in NetScout Systems by 5.5% during the second quarter. Allianz Asset Management GmbH now owns 822,576 shares of the technology company’s stock valued at $20,408,000 after buying an additional 42,756 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NTCT shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NetScout Systems in a report on Tuesday, October 14th. B. Riley started coverage on shares of NetScout Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NetScout Systems currently has an average rating of “Hold” and a consensus price target of $29.00.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.