Sanjay Munshi Sells 2,269 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) COO Sanjay Munshi sold 2,269 shares of NetScout Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total value of $89,103.63. Following the sale, the chief operating officer directly owned 6,729 shares of the company’s stock, valued at approximately $264,247.83. This represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $38.04 on Friday. The stock’s 50-day simple moving average is $40.76 and its 200-day simple moving average is $36.16. The firm has a market capitalization of $2.77 billion, a PE ratio of 23.20 and a beta of 0.69. NetScout Systems, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Sell-side analysts forecast that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on NTCT shares. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.50.

Institutional Trading of NetScout Systems

Several large investors have recently made changes to their positions in NTCT. Leuthold Group LLC increased its holdings in shares of NetScout Systems by 45.3% in the fourth quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after purchasing an additional 56,144 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of NetScout Systems by 41.6% during the 1st quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock worth $20,239,000 after buying an additional 186,903 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of NetScout Systems by 8.7% during the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock valued at $18,598,000 after buying an additional 46,782 shares during the period. Legato Capital Management LLC acquired a new position in NetScout Systems in the fourth quarter valued at approximately $484,000. Finally, Bridgeway Capital Management LLC lifted its holdings in NetScout Systems by 14.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 642,239 shares of the technology company’s stock valued at $17,379,000 after acquiring an additional 78,769 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.