John Downing Sells 8,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the transaction, the executive vice president owned 129,121 shares in the company, valued at approximately $5,202,285.09. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NetScout Systems Stock Up 0.4%

NASDAQ NTCT opened at $40.30 on Thursday. NetScout Systems, Inc. has a 52 week low of $20.39 and a 52 week high of $43.80. The business’s fifty day simple moving average is $36.72 and its 200-day simple moving average is $31.35. The firm has a market cap of $2.88 billion, a PE ratio of 31.00 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business had revenue of $203.04 million for the quarter, compared to analyst estimates of $198.64 million. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Research analysts expect that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. 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 report on Friday, May 8th. Finally, Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NetScout Systems has a consensus rating of “Buy” and a consensus target price of $35.50.

Institutional Trading of NetScout Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. purchased a new stake in NetScout Systems in the 3rd quarter valued at about $118,440,000. JPMorgan Chase & Co. raised its holdings in NetScout Systems by 65.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock valued at $8,874,000 after buying an additional 136,377 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in NetScout Systems by 93.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock valued at $3,205,000 after buying an additional 57,602 shares during the period. SG Americas Securities LLC raised its holdings in NetScout Systems by 2,546.1% in the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock valued at $12,170,000 after buying an additional 432,741 shares during the period. Finally, Leuthold Group LLC purchased a new stake in NetScout Systems in the 3rd quarter valued at about $3,199,000. 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.