NetScout Systems (NASDAQ:NTCT) Hits New 12-Month High – What’s Next?

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price hit a new 52-week high on Monday . The company traded as high as $34.87 and last traded at $34.9410, with a volume of 49000 shares changing hands. The stock had previously closed at $33.98.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTCT. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Royal Bank Of Canada reduced their price target on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Stock Performance

The company has a market cap of $2.54 billion, a price-to-earnings ratio of 27.01 and a beta of 0.61. The business’s 50 day moving average price is $31.45 and its 200-day moving average price is $28.88.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The company had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $233.69 million. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, equities research analysts expect that NetScout Systems, Inc. will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the transaction, the executive vice president owned 129,494 shares in the company, valued at approximately $3,884,820. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.82% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds have recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in NetScout Systems by 147.2% during the 4th 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 last quarter. Farther Finance Advisors LLC lifted its holdings in NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC bought a new position in NetScout Systems during the 3rd quarter valued at about $35,000. Global Retirement Partners LLC bought a new position in NetScout Systems during the 4th quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.