NetScout Systems (NASDAQ:NTCT) Director Alfred Grasso Sells 5,000 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the sale, the director owned 35,000 shares in the company, valued at approximately $1,423,450. The trade was a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT opened at $38.94 on Friday. The stock has a market cap of $2.81 billion, a PE ratio of 29.95 and a beta of 0.61. NetScout Systems, Inc. has a fifty-two week low of $20.39 and a fifty-two week high of $40.92. The stock has a fifty day moving average of $32.91 and a 200-day moving average of $29.55.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $203.04 million during the quarter, compared to analysts’ expectations of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts predict that NetScout Systems, Inc. will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caxton Associates LLP raised its position in NetScout Systems by 9.3% during the 1st quarter. Caxton Associates LLP now owns 45,892 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 3,889 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of NetScout Systems by 16.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the technology company’s stock worth $139,000 after acquiring an additional 628 shares during the period. Meeder Asset Management Inc. bought a new position in shares of NetScout Systems in the 1st quarter worth approximately $218,000. Dimensional Fund Advisors LP raised its position in shares of NetScout Systems by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock worth $135,391,000 after acquiring an additional 110,702 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in shares of NetScout Systems in the 1st quarter worth approximately $14,137,000. Institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

NTCT has been the subject of several research analyst reports. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Wall Street Zen lowered NetScout Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada lifted their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

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.