NetScout Systems (NASDAQ:NTCT) Stock Rating Upgraded by Wall Street Zen

NetScout Systems (NASDAQ:NTCT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. Royal Bank Of Canada cut their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, NetScout Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Stock Performance

NetScout Systems stock opened at $29.21 on Friday. NetScout Systems has a fifty-two week low of $18.12 and a fifty-two week high of $30.67. The business’s 50-day simple moving average is $28.02 and its two-hundred day simple moving average is $26.79. The company has a market cap of $2.11 billion, a PE ratio of 22.47 and a beta of 0.63.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The firm had revenue of $250.68 million for the quarter, compared to analyst estimates of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, analysts predict that NetScout Systems will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christopher Perretta sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the director owned 40,866 shares of the company’s stock, valued at approximately $1,144,656.66. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sanjay Munshi sold 2,000 shares of NetScout Systems stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the transaction, the chief operating officer owned 6,254 shares of the company’s stock, valued at $170,296.42. This trade represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,000 shares of company stock worth $424,560 over the last three months. Company insiders own 3.82% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of NetScout Systems by 1,857.1% during the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock worth $27,000 after buying an additional 1,040 shares in the last quarter. 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 buying an additional 602 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after buying an additional 621 shares in the last quarter. Advisory Services Network LLC acquired a new position in NetScout Systems during the third quarter worth $35,000. Finally, Global Retirement Partners LLC purchased a new position in NetScout Systems in the fourth quarter worth $39,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.