NetScout Systems’ (NTCT) “Hold” Rating Reaffirmed at KeyCorp
Several other research firms have also recently commented on NTCT. Royal Bank Of Canada restated a hold rating on shares of NetScout Systems in a report on Thursday, July 20th. Zacks Investment Research upgraded NetScout Systems from a sell rating to a hold rating in a report on Friday, September 1st. B. Riley restated a buy rating and issued a $44.00 price target on shares of NetScout Systems in a report on Wednesday, August 2nd. Finally, BidaskClub cut NetScout Systems from a hold rating to a sell rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $39.50.
NetScout Systems (NASDAQ NTCT) traded up 1.83% on Wednesday, reaching $33.35. 435,383 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $32.62 and a 200 day moving average price of $34.77. NetScout Systems has a 12-month low of $26.25 and a 12-month high of $38.47. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 169.29 and a beta of 1.60.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $225.66 million. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The firm’s revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. Analysts forecast that NetScout Systems will post $2.06 EPS for the current year.
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In other news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the completion of the sale, the insider now owns 39,170 shares in the company, valued at approximately $1,355,282. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.51% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Seven Bridges Advisors LLC purchased a new stake in shares of NetScout Systems during the 2nd quarter worth about $109,000. Bank of Montreal Can grew its holdings in shares of NetScout Systems by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after purchasing an additional 271 shares during the period. Flinton Capital Management LLC grew its holdings in shares of NetScout Systems by 74.5% during the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock worth $158,000 after purchasing an additional 1,968 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of NetScout Systems by 77.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock worth $177,000 after purchasing an additional 2,258 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of NetScout Systems during the 1st quarter worth about $220,000.
NetScout Systems Company Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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