NetScout Systems (NASDAQ:NTCT) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of NetScout Systems (NASDAQ:NTCT) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada lifted their price target on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NetScout Systems presently has a consensus rating of “Buy” and an average target price of $35.50.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $38.04 on Wednesday. The firm has a market cap of $2.77 billion, a P/E ratio of 23.20 and a beta of 0.69. The firm’s 50-day simple moving average is $40.76 and its 200-day simple moving average is $36.16. NetScout Systems has a twelve month low of $22.47 and a twelve month high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, August 6th. The technology company reported $0.52 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 business had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. During the same quarter last year, the company earned $0.34 EPS. NetScout Systems’s 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. On average, equities analysts forecast that NetScout Systems will post 2.15 earnings per share for the current fiscal year.

Insider Activity

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total value of $307,280.00. Following the transaction, the executive vice president directly owned 127,809 shares of the company’s stock, valued at approximately $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction on Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the sale, the chief operating officer directly owned 6,729 shares of the company’s stock, valued at $264,247.83. This represents a 25.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,269 shares of company stock worth $718,704 in the last ninety days. Insiders own 4.74% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after acquiring an additional 602 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the period. Advisory Services Network LLC bought a new position in shares of NetScout Systems during the 3rd quarter valued at about $35,000. Global Retirement Partners LLC bought a new position in shares of NetScout Systems during the 4th quarter valued at about $39,000. Finally, Group One Trading LLC acquired a new position in shares of NetScout Systems in the second quarter valued at approximately $47,000. 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.