NetScout Systems (NASDAQ:NTCT) Director John Egan Sells 14,500 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director John Egan sold 14,500 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $32.78, for a total transaction of $475,310.00. Following the sale, the director directly owned 98,240 shares in the company, valued at approximately $3,220,307.20. This trade represents a 12.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NetScout Systems Price Performance

NASDAQ:NTCT traded down $0.42 on Friday, reaching $32.13. 345,625 shares of the company’s stock were exchanged, compared to its average volume of 534,935. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 18.26 and a beta of 0.72. The stock has a fifty day simple moving average of $38.08 and a 200-day simple moving average of $36.61. NetScout Systems, Inc. has a 52 week low of $25.29 and a 52 week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.71 earnings per share (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 company had revenue of $222.19 million for the quarter, compared to analyst estimates of $218.77 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, sell-side analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Hedge Funds Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of NetScout Systems by 111.8% during the third quarter. Signaturefd LLC now owns 754 shares of the technology company’s stock worth $30,000 after acquiring an additional 398 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of NetScout Systems by 76.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 888 shares of the technology company’s stock worth $36,000 after acquiring an additional 384 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at $47,000. Nykredit A S purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at $50,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at $53,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About NetScout Systems

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.