NetScout Systems (NASDAQ:NTCT) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of NetScout Systems (NASDAQ:NTCT) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Several other equities analysts have also weighed in on NTCT. Royal Bank Of Canada lifted their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.50.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $38.46 on Friday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 29.58 and a beta of 0.61. The company has a 50 day moving average price of $33.08 and a 200-day moving average price of $29.63. NetScout Systems has a 1-year low of $20.39 and a 1-year high of $40.92.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts anticipate that NetScout Systems will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president owned 129,494 shares of the company’s stock, valued at approximately $3,884,820. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the sale, the director directly owned 35,000 shares in the company, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NetScout Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new stake in NetScout Systems during the 3rd quarter worth $118,440,000. Dimensional Fund Advisors LP boosted its stake in NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock worth $135,391,000 after purchasing an additional 110,702 shares during the last quarter. State Street Corp boosted its stake in NetScout Systems by 1.7% during the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after purchasing an additional 51,835 shares during the last quarter. First Trust Advisors LP boosted its stake in NetScout Systems by 40.8% during the 4th 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. Finally, LSV Asset Management boosted its stake in NetScout Systems by 34.6% during the 4th quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after purchasing an additional 588,022 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.