Insider Selling: NetScout Systems (NASDAQ:NTCT) EVP Sells $307,280.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the transaction, the executive vice president directly owned 127,809 shares in the company, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Downing also recently made the following trade(s):

• On Monday, June 8th, John Downing sold 8,000 shares of NetScout Systems stock. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00.

NetScout Systems Stock Performance

Shares of NetScout Systems stock traded up $0.23 during trading hours on Thursday, reaching $39.72. 554,321 shares of the company were exchanged, compared to its average volume of 600,607. The firm has a market cap of $2.89 billion, a PE ratio of 24.22 and a beta of 0.69. NetScout Systems, Inc. has a 1 year low of $22.20 and a 1 year high of $45.28. The stock’s fifty day moving average is $41.00 and its 200 day moving average is $35.69.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. The firm had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Research analysts expect that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings restated 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in NetScout Systems by 23.3% during the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock worth $1,088,000 after acquiring an additional 9,802 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NetScout Systems by 5.2% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its position in shares of NetScout Systems by 17.1% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NetScout Systems by 7.6% in the 1st 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 in the last quarter. Finally, Jane Street Group LLC lifted its stake in NetScout Systems by 64.3% in the 1st 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 in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.