NetScout Systems (NASDAQ:NTCT) Sets New 1-Year High – Here’s Why

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $30.67 and last traded at $30.5450, with a volume of 92501 shares changing hands. The stock had previously closed at $30.43.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, NetScout Systems has an average rating of “Moderate Buy” and an average price target of $31.00.

NetScout Systems Stock Performance

The business’s fifty day simple moving average is $28.26 and its 200 day simple moving average is $27.10. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 23.65 and a beta of 0.63.

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

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was 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 approximately $3,884,820. This represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Perretta sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the director directly owned 40,866 shares of the company’s stock, valued at $1,144,656.66. The trade was a 19.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.82% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of NetScout Systems by 23.3% in the 1st quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock worth $1,088,000 after purchasing an additional 9,802 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NetScout Systems by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock worth $869,000 after purchasing an additional 2,036 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in NetScout Systems by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after purchasing an additional 207,807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NetScout Systems by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock valued at $4,481,000 after buying an additional 15,112 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in NetScout Systems by 64.3% in the first quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after buying an additional 136,253 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.