Alfred Grasso Sells 5,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the transaction, the director owned 35,000 shares in the company, valued at $1,423,450. The trade was a 12.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Down 1.2%

Shares of NASDAQ NTCT opened at $38.46 on Friday. The firm has a market cap of $2.78 billion, a PE ratio of 29.58 and a beta of 0.61. NetScout Systems, Inc. has a 12-month low of $20.39 and a 12-month high of $40.92. The company’s fifty day simple moving average is $33.08 and its 200 day simple moving average is $29.61.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $203.04 million for the quarter, compared to analyst estimates of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. NetScout Systems’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts predict that NetScout Systems, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTCT. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada increased their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Institutional Trading of NetScout Systems

Several institutional investors and hedge funds have recently made changes to their positions in NTCT. IFP Advisors Inc raised its holdings in shares of NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after purchasing an additional 602 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of NetScout Systems in the third quarter valued at about $35,000. Global Retirement Partners LLC purchased a new stake in shares of NetScout Systems in the fourth quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of NetScout Systems by 1,936.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,917 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.