Piper Jaffray Companies set a $32.00 target price on NetScout Systems (NASDAQ:NTCT) in a report released on Monday morning. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on NTCT. Zacks Investment Research upgraded NetScout Systems from a hold rating to a buy rating and set a $35.00 target price on the stock in a research note on Thursday, October 26th. Craig Hallum cut their target price on NetScout Systems from $30.00 to $28.00 and set a hold rating on the stock in a research note on Thursday, October 26th. B. Riley restated a buy rating and issued a $36.00 target price on shares of NetScout Systems in a research note on Friday, October 27th. Royal Bank of Canada restated a hold rating and issued a $33.00 target price on shares of NetScout Systems in a research note on Friday, October 27th. Finally, BidaskClub upgraded NetScout Systems from a sell rating to a hold rating in a research note on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. NetScout Systems currently has an average rating of Hold and a consensus price target of $29.00.

Shares of NetScout Systems (NTCT) opened at $26.85 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market capitalization of $2,364.94, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.52. NetScout Systems has a twelve month low of $25.50 and a twelve month high of $38.47.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. NetScout Systems had a return on equity of 5.34% and a net margin of 7.95%. The firm had revenue of $272.00 million during the quarter, compared to analyst estimates of $271.36 million. During the same period in the previous year, the company posted $0.60 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. sell-side analysts predict that NetScout Systems will post 1.04 earnings per share for the current fiscal year.

NetScout Systems declared that its Board of Directors has authorized a share repurchase program on Thursday, October 26th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In other news, insider John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $28.20, for a total value of $84,600.00. Following the transaction, the insider now owns 47,427 shares in the company, valued at approximately $1,337,441.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.51% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of NTCT. Turtle Creek Asset Management Inc. lifted its stake in NetScout Systems by 59.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 3,073,380 shares of the technology company’s stock valued at $99,424,000 after purchasing an additional 1,148,671 shares during the last quarter. Koch Industries Inc. purchased a new position in NetScout Systems in the second quarter valued at approximately $368,000. Dimensional Fund Advisors LP lifted its stake in NetScout Systems by 8.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,256,839 shares of the technology company’s stock valued at $137,710,000 after purchasing an additional 315,626 shares during the last quarter. First Trust Advisors LP lifted its stake in NetScout Systems by 47.1% in the fourth quarter. First Trust Advisors LP now owns 543,980 shares of the technology company’s stock valued at $16,564,000 after purchasing an additional 174,147 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in NetScout Systems by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 937,973 shares of the technology company’s stock valued at $28,560,000 after purchasing an additional 131,198 shares during the last quarter.

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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.

Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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