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 firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total transaction of $307,280.00. Following the sale, the executive vice president owned 127,809 shares in the company, valued at approximately $4,909,143.69. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal 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 NTCT opened at $39.67 on Friday. NetScout Systems, Inc. has a fifty-two week low of $22.24 and a fifty-two week high of $45.28. The company has a market capitalization of $2.88 billion, a PE ratio of 24.19 and a beta of 0.69. The stock has a fifty day moving average of $40.93 and a two-hundred day moving average of $35.80.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. IFP Advisors Inc grew its position in NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after acquiring an additional 602 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the period. Advisory Services Network LLC acquired a new position in shares of NetScout Systems in the 3rd quarter valued at about $35,000. Global Retirement Partners LLC acquired a new position in shares of NetScout Systems in the 4th quarter valued at about $39,000. Finally, Group One Trading LLC purchased a new stake in shares of NetScout Systems during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NTCT shares. Royal Bank Of Canada raised 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. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a report on Friday, July 31st. Finally, Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.