NetScout Systems (NASDAQ:NTCT) Hits New 1-Year High – Time to Buy?

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.95 and last traded at $30.7650, with a volume of 32278 shares traded. The stock had previously closed at $30.74.

Wall Street Analysts Forecast Growth

NTCT has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NetScout Systems has an average rating of “Moderate Buy” and a consensus price target of $31.00.

NetScout Systems Trading Down 1.3%

The business has a 50-day moving average of $28.63 and a 200 day moving average of $27.35. The firm has a market capitalization of $2.19 billion, a P/E ratio of 23.34 and a beta of 0.63.

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

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the transaction, the executive vice president directly owned 129,494 shares in the company, valued at $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.82% of the company’s stock.

Institutional Trading of NetScout Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. CIBC Bancorp USA Inc. purchased a new stake in shares of NetScout Systems in the third quarter worth approximately $118,440,000. Robeco Institutional Asset Management B.V. lifted its position in shares of NetScout Systems by 93.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock valued at $42,192,000 after purchasing an additional 753,842 shares in the last quarter. First Trust Advisors LP boosted its holdings in NetScout Systems by 40.8% during the fourth 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 last quarter. Millennium Management LLC grew its position in NetScout Systems by 1,361.1% in the 3rd quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock worth $19,316,000 after purchasing an additional 696,643 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in NetScout Systems in the 3rd quarter valued at about $16,091,000. 91.64% of the stock is owned by institutional investors.

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.