NetScout Systems (NASDAQ:NTCT) Upgraded at Zacks Research

NetScout Systems (NASDAQ:NTCT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on NTCT. Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Royal Bank Of Canada upped their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NetScout Systems currently has a consensus rating of “Buy” and a consensus target price of $35.50.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $41.13 on Tuesday. NetScout Systems has a one year low of $20.39 and a one year high of $42.37. The company has a 50 day moving average price of $34.68 and a 200 day moving average price of $30.34. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 31.64 and a beta of 0.61.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The firm had revenue of $203.04 million during the quarter, compared to analyst estimates of $198.64 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. NetScout Systems’s revenue for the quarter was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts forecast that NetScout Systems will post 2.06 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the sale, the director directly owned 35,000 shares in the company, valued at $1,423,450. The trade was a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NetScout Systems

Several institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC grew its stake in NetScout Systems by 3.3% during the fourth quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock worth $368,000 after buying an additional 437 shares during the period. Strs Ohio boosted its stake in shares of NetScout Systems by 1.9% in the third quarter. Strs Ohio now owns 32,700 shares of the technology company’s stock valued at $845,000 after purchasing an additional 600 shares during the period. IFP Advisors Inc boosted its stake in shares of NetScout Systems by 147.2% in the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after purchasing an additional 602 shares during the period. Quantinno Capital Management LP boosted its stake in shares of NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after purchasing an additional 615 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of NetScout Systems by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after purchasing an additional 618 shares during the period. 91.64% of the stock is currently owned by hedge funds and other 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.