NetScout Systems (NASDAQ:NTCT) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of NetScout Systems (NASDAQ:NTCT) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other research firms also recently commented on NTCT. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a report on Friday, July 31st. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada increased their price target on 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 research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Trading Down 4.2%

Shares of NASDAQ:NTCT opened at $38.44 on Friday. NetScout Systems has a 52 week low of $21.21 and a 52 week high of $45.28. The company has a market cap of $2.79 billion, a PE ratio of 23.44 and a beta of 0.69. The company’s 50 day moving average is $41.24 and its two-hundred day moving average is $35.39.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The firm had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. NetScout Systems’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts expect that NetScout Systems will post 2.06 EPS for the current year.

Insider Activity at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the transaction, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the stock in a transaction 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 sale, the executive vice president owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This trade represents a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders own 4.74% of the company’s stock.

Institutional Trading of NetScout Systems

Several hedge funds and other institutional investors have recently modified their holdings of NTCT. IFP Advisors Inc increased its holdings in shares of NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $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 valued at $35,000 after buying an additional 621 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of NetScout Systems in the 3rd quarter worth approximately $35,000. Global Retirement Partners LLC bought a new stake in NetScout Systems in the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 during the period. 91.64% of the stock is currently owned by hedge funds and other 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.