NetScout Systems (NASDAQ:NTCT) Reaches New 1-Year High – Here’s What Happened

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) hit a new 52-week high on Tuesday . The company traded as high as $30.67 and last traded at $30.5450, with a volume of 92501 shares. The stock had previously closed at $30.43.

Analyst Ratings Changes

NTCT has been the subject of a number of recent analyst reports. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reduced their target price on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

NetScout Systems Price Performance

The firm has a market cap of $2.22 billion, a PE ratio of 23.65 and a beta of 0.63. The stock has a 50-day moving average price of $28.26 and a 200 day moving average price of $27.10.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.14. The firm had revenue of $250.68 million for the quarter, compared to the consensus estimate of $233.69 million. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president directly owned 129,494 shares of the company’s stock, valued at approximately $3,884,820. This trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Perretta sold 10,000 shares of NetScout Systems stock in a transaction on Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the completion of the transaction, the director owned 40,866 shares in the company, valued at $1,144,656.66. The trade was a 19.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.82% of the company’s stock.

Institutional Trading of NetScout Systems

A number of institutional investors and hedge funds have recently bought and sold shares of NTCT. CIBC Bancorp USA Inc. acquired a new position in NetScout Systems during the third quarter valued at approximately $118,440,000. Legal & General Group Plc raised its stake in shares of NetScout Systems by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 4,484,569 shares of the technology company’s stock valued at $111,262,000 after acquiring an additional 91,248 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NetScout Systems by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock valued at $112,254,000 after acquiring an additional 109,910 shares during the period. State Street Corp lifted its holdings in shares of NetScout Systems by 1.7% during the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after acquiring an additional 51,835 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after purchasing an additional 729,632 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.