NetScout Systems (NASDAQ:NTCT) Stock Rating Upgraded by Zacks Research

NetScout Systems (NASDAQ:NTCT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $35.50.

NetScout Systems Trading Down 2.4%

Shares of NASDAQ NTCT opened at $41.13 on Tuesday. The firm has a 50 day moving average of $34.68 and a 200 day moving average of $30.34. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 31.64 and a beta of 0.61. NetScout Systems has a 12-month low of $20.39 and a 12-month high of $42.37.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $203.04 million during 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%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Sell-side analysts predict that NetScout Systems will post 2.06 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares in the company, valued at $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NetScout Systems

A number of hedge funds have recently modified their holdings of the company. ProShare Advisors LLC boosted its position in shares of NetScout Systems by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock worth $368,000 after purchasing an additional 437 shares during the period. Strs Ohio boosted its position in shares of NetScout Systems by 1.9% in the third quarter. Strs Ohio now owns 32,700 shares of the technology company’s stock worth $845,000 after purchasing an additional 600 shares during the period. IFP Advisors Inc boosted its position 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 worth $27,000 after purchasing an additional 602 shares during the period. Quantinno Capital Management LP boosted its position in shares of NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock worth $262,000 after purchasing an additional 615 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of NetScout Systems by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock worth $132,000 after purchasing an additional 618 shares during the period. 91.64% of the stock is currently owned by institutional investors.

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.