Sanjay Munshi Sells 2,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) COO Sanjay Munshi sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total value of $54,460.00. Following the transaction, the chief operating officer owned 6,254 shares in the company, valued at $170,296.42. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT traded down $0.08 during trading on Friday, reaching $26.90. The stock had a trading volume of 341,939 shares, compared to its average volume of 524,554. The company has a market cap of $1.94 billion, a P/E ratio of 22.05 and a beta of 0.66. NetScout Systems, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The business’s 50-day moving average price is $26.76 and its 200-day moving average price is $24.70.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. The firm had revenue of $219.02 million during the quarter, compared to analysts’ expectations of $200.60 million. NetScout Systems had a return on equity of 8.16% and a net margin of 10.38%.NetScout Systems’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS and its FY 2026 guidance at 2.350-2.45 EPS. Analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTCT. CIBC Bancorp USA Inc. purchased a new stake in shares of NetScout Systems during the third quarter worth about $118,440,000. Millennium Management LLC grew its position in shares of NetScout Systems by 1,361.1% during the 3rd quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock valued at $19,316,000 after buying an additional 696,643 shares during the last quarter. Nuveen LLC bought a new position in NetScout Systems during the 1st quarter worth $13,894,000. Wellington Management Group LLP bought a new position in NetScout Systems in the 3rd quarter worth about $16,091,000. Finally, LSV Asset Management raised its position in shares of NetScout Systems by 39.5% during the 3rd quarter. LSV Asset Management now owns 1,700,014 shares of the technology company’s stock worth $43,911,000 after buying an additional 481,400 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday. B. Riley began coverage on NetScout Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Royal Bank Of Canada upped their price objective on NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.