NetScout Systems (NASDAQ:NTCT) Director Christopher Perretta Sells 10,000 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) Director Christopher Perretta sold 10,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the completion of the sale, the director owned 40,866 shares of the company’s stock, valued at $1,144,656.66. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NetScout Systems Stock Up 0.9%

Shares of NASDAQ NTCT traded up $0.24 during trading on Monday, reaching $27.70. The company had a trading volume of 492,231 shares, compared to its average volume of 523,977. The stock has a market cap of $2.00 billion, a P/E ratio of 22.70 and a beta of 0.66. The company’s fifty day moving average price is $26.92 and its 200-day moving average price is $24.90. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $30.67.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. NetScout Systems had a return on equity of 8.16% and a net margin of 10.38%.The company had revenue of $219.02 million for the quarter, compared to analyst estimates of $200.60 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS and its FY 2026 guidance at 2.350-2.45 EPS. As a group, equities analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On NetScout Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in NetScout Systems in the 3rd quarter valued at $118,440,000. Millennium Management LLC lifted its stake in shares of NetScout Systems by 1,361.1% in the third quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock valued at $19,316,000 after buying an additional 696,643 shares in the last quarter. Nuveen LLC acquired a new position in shares of NetScout Systems during the first quarter valued at about $13,894,000. Wellington Management Group LLP bought a new stake in shares of NetScout Systems during the third quarter worth about $16,091,000. Finally, LSV Asset Management increased its position in shares of NetScout Systems by 39.5% during the third quarter. LSV Asset Management now owns 1,700,014 shares of the technology company’s stock worth $43,911,000 after acquiring an additional 481,400 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

NTCT has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of NetScout Systems from $26.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 8th. Finally, B. Riley assumed coverage on NetScout Systems in a report on Tuesday, August 26th. They set a “buy” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NetScout Systems has an average rating of “Moderate Buy” and a consensus target price of $32.00.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.