NetScout Systems (NASDAQ:NTCT) EVP John Downing Sells 8,000 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the transaction, the executive vice president directly owned 127,809 shares in the company, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Downing also recently made the following trade(s):

• On Monday, June 8th, John Downing sold 8,000 shares of NetScout Systems stock. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00.

NetScout Systems Trading Up 0.6%

NetScout Systems stock opened at $39.72 on Friday. The company has a 50-day moving average price of $40.95 and a 200 day moving average price of $35.78. NetScout Systems, Inc. has a 12-month low of $22.20 and a 12-month high of $45.28. The stock has a market cap of $2.89 billion, a P/E ratio of 24.22 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last posted its 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 return on equity of 9.25% and a net margin of 13.71%.The company had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. During the same quarter last year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts forecast that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NTCT shares. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada boosted their price objective on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Zacks Research cut NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Hedge Funds Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Leuthold Group LLC boosted its stake in NetScout Systems by 45.3% in the fourth quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after acquiring an additional 56,144 shares in the last quarter. SG Americas Securities LLC increased its position in shares of NetScout Systems by 41.6% during the first quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock worth $20,239,000 after purchasing an additional 186,903 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of NetScout Systems by 14.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 642,239 shares of the technology company’s stock worth $17,379,000 after purchasing an additional 78,769 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of NetScout Systems in the 1st quarter valued at about $966,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of NetScout Systems by 8.7% in the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock valued at $18,598,000 after purchasing an additional 46,782 shares during the last quarter. Hedge funds and other 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.