NetScout Systems (NASDAQ:NTCT) EVP Sells 8,000 Shares of Company Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $31.87, for a total transaction of $254,960.00. Following the completion of the transaction, the executive vice president owned 123,341 shares in the company, valued at approximately $3,930,877.67. This represents a 6.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Trading Down 1.3%

NTCT stock traded down $0.42 during midday trading on Friday, reaching $32.13. The company had a trading volume of 345,625 shares, compared to its average volume of 595,285. The company has a 50 day moving average of $38.19 and a two-hundred day moving average of $36.59. The company has a market capitalization of $2.28 billion, a P/E ratio of 18.26 and a beta of 0.72. NetScout Systems, Inc. has a 1 year low of $25.29 and a 1 year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. NetScout Systems had a net margin of 14.62% and a return on equity of 9.63%. The business had revenue of $222.19 million for the quarter, compared to analysts’ expectations of $218.77 million. During the same period in the previous year, the company posted $0.62 EPS. NetScout Systems’s revenue was up 1.4% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts anticipate that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NTCT. Signaturefd LLC increased its stake in shares of NetScout Systems by 111.8% during the 3rd quarter. Signaturefd LLC now owns 754 shares of the technology company’s stock worth $30,000 after purchasing an additional 398 shares during the last quarter. Hantz Financial Services Inc. increased its position in NetScout Systems by 76.2% during the third quarter. Hantz Financial Services Inc. now owns 888 shares of the technology company’s stock worth $36,000 after buying an additional 384 shares during the last quarter. Group One Trading LLC acquired a new position in NetScout Systems during the second quarter worth $47,000. Nykredit A S acquired a new position in NetScout Systems during the second quarter worth $50,000. Finally, Ameritas Advisory Services LLC bought a new position in NetScout Systems during the second quarter valued at about $53,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTCT. Royal Bank Of Canada lowered their target price on NetScout Systems from $43.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, November 6th. Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, B. Riley Financial reiterated a “buy” rating and set a $50.00 price target on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.50.

NetScout Systems Company Profile

NetScout Systems, Inc. provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments. The company’s offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.