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

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

Other research analysts have also issued reports about the company. Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NetScout Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

NetScout Systems Stock Up 0.5%

NetScout Systems stock opened at $38.64 on Friday. The company’s fifty day simple moving average is $41.15 and its 200-day simple moving average is $35.53. NetScout Systems has a 12 month low of $21.32 and a 12 month high of $45.28. The stock has a market cap of $2.81 billion, a P/E ratio of 23.56 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. The business had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts expect that NetScout Systems will post 2.06 earnings per share for the current fiscal year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the transaction, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 4.74% of the company’s stock.

Institutional Trading of NetScout Systems

Several large investors have recently made changes to their positions in NTCT. RHS Financial LLC acquired a new position in shares of NetScout Systems during the 2nd quarter valued at about $245,000. Meeder Asset Management Inc. acquired a new stake in NetScout Systems in the 2nd quarter worth approximately $737,000. BlackRock Inc. acquired a new stake in NetScout Systems in the 2nd quarter worth approximately $498,027,000. Pallas Capital Advisors LLC bought a new stake in NetScout Systems during the second quarter worth approximately $259,000. Finally, Deutsche Bank AG bought a new stake in NetScout Systems during the second quarter worth approximately $7,736,000. Institutional investors 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.