Insider Selling: NetScout Systems (NASDAQ:NTCT) COO Sells 2,269 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) COO Sanjay Munshi sold 2,269 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the sale, the chief operating officer directly owned 6,729 shares of the company’s stock, valued at approximately $264,247.83. This represents a 25.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Performance

Shares of NTCT stock traded down $0.59 on Wednesday, hitting $38.35. 645,569 shares of the company’s stock traded hands, compared to its average volume of 601,117. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.38 and a beta of 0.69. The company’s fifty day simple moving average is $40.88 and its 200 day simple moving average is $36.01. NetScout Systems, Inc. has a one year low of $22.47 and a one year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The firm had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, sell-side analysts anticipate that NetScout Systems, Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NTCT. Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Weiss Ratings upgraded NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada lifted their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Hedge Funds Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently bought and sold shares of NTCT. BlackRock Inc. bought a new position in shares of NetScout Systems in the second quarter worth approximately $498,027,000. Legal & General Group Plc purchased a new position in shares of NetScout Systems in the second quarter valued at about $165,970,000. First Trust Advisors LP boosted its stake in shares of NetScout Systems by 40.8% in the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after acquiring an additional 729,632 shares during the period. Millennium Management LLC grew its position in shares of NetScout Systems by 1,361.1% during the third 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 bought a new stake in NetScout Systems during the 3rd quarter valued at approximately $16,091,000. Institutional investors own 91.64% of the company’s stock.

About NetScout Systems

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.