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

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president directly owned 135,494 shares of the company’s stock, valued at approximately $4,064,820. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 3rd, John Downing sold 3,000 shares of NetScout Systems stock. The shares were sold at an average price of $27.80, for a total value of $83,400.00.

NetScout Systems Stock Down 1.8%

NetScout Systems stock traded down $0.54 during midday trading on Friday, reaching $28.71. The company’s stock had a trading volume of 753,946 shares, compared to its average volume of 526,290. The company has a market cap of $2.06 billion, a P/E ratio of 28.71 and a beta of 0.71. The business has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $23.94. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The business had revenue of $219.02 million for the quarter, compared to the consensus estimate of $200.60 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. As a group, equities analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On NetScout Systems

A number of institutional investors and hedge funds have recently made changes to their positions in NTCT. Ameritas Advisory Services LLC acquired a new stake in shares of NetScout Systems during the second quarter worth about $27,000. Allworth Financial LP increased its position in NetScout Systems by 1,857.1% in the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,040 shares during the period. Ransom Advisory Ltd purchased a new stake in NetScout Systems during the 1st quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,917 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of NetScout Systems in the 3rd quarter valued at approximately $55,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of NetScout Systems in a report on Tuesday, October 14th. B. Riley assumed coverage on NetScout Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 target price for the company. Finally, Royal Bank Of Canada upped their target price on NetScout Systems from $26.00 to $31.00 and gave the company a “sector perform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.00.

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.