Michael Szabados Sells 4,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Michael Szabados sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the sale, the director directly owned 41,654 shares of the company’s stock, valued at $1,570,355.80. The trade was a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $39.46 on Friday. NetScout Systems, Inc. has a 1 year low of $24.27 and a 1 year high of $45.28. The firm’s 50-day simple moving average is $40.57 and its 200-day simple moving average is $36.53. The firm has a market cap of $2.87 billion, a PE ratio of 24.06 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 2.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Institutional Trading of NetScout Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in 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 buying an additional 602 shares during the period. Group One Trading LLC bought a new position in shares of NetScout Systems during the second quarter worth about $47,000. Nykredit A S bought a new position in shares of NetScout Systems during the second quarter worth about $50,000. Ameritas Advisory Services LLC acquired a new stake in shares of NetScout Systems in the 2nd quarter worth about $53,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after acquiring an additional 621 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.