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 company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the completion of the sale, the executive vice president owned 129,121 shares in the company, valued at approximately $5,202,285.09. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NetScout Systems Stock Down 1.3%

Shares of NASDAQ NTCT opened at $40.15 on Wednesday. The business’s 50 day moving average price is $36.54 and its 200 day moving average price is $31.24. The firm has a market cap of $2.87 billion, a P/E ratio of 30.88 and a beta of 0.68. NetScout Systems, Inc. has a 52 week low of $20.39 and a 52 week high of $43.80.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The company had revenue of $203.04 million during the quarter, compared to the consensus estimate of $198.64 million. During the same period in the previous year, the company posted $0.52 earnings per share. NetScout Systems’s revenue for the quarter was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts expect that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada boosted 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. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $35.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NTCT. IFP Advisors Inc lifted its holdings in NetScout Systems by 147.2% in the 4th 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in NetScout Systems by 92.8% in the 4th 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 in the last quarter. Advisory Services Network LLC purchased a new position in NetScout Systems in the 3rd quarter valued at $35,000. Global Retirement Partners LLC purchased a new position in NetScout Systems in the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in NetScout Systems by 1,936.4% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About NetScout Systems

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.