NetScout Systems (NASDAQ:NTCT) Director Michael Szabados Sells 4,000 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $150,800.00. Following the completion of the sale, the director owned 41,654 shares of the company’s stock, valued at $1,570,355.80. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NetScout Systems Stock Performance

Shares of NTCT traded up $0.44 during midday trading on Wednesday, hitting $38.50. 442,777 shares of the stock were exchanged, compared to its average volume of 597,650. NetScout Systems, Inc. has a 52-week low of $23.86 and a 52-week high of $45.28. The stock has a fifty day simple moving average of $40.59 and a 200 day simple moving average of $36.37. The firm has a market cap of $2.80 billion, a P/E ratio of 23.48 and a beta of 0.69.

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, beating the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. 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 2.15 EPS for the current fiscal year.

Hedge Funds Weigh In On NetScout Systems

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of NetScout Systems during the second quarter worth about $498,027,000. Dimensional Fund Advisors LP lifted its position in NetScout Systems by 2.7% during 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 during the period. Legal & General Group Plc purchased a new position in shares of NetScout Systems in the 2nd quarter valued at approximately $165,970,000. California State Teachers Retirement System grew its stake in shares of NetScout Systems by 3,926.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,314,155 shares of the technology company’s stock valued at $144,331,000 after purchasing an additional 3,231,841 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of NetScout Systems by 1.7% in the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after purchasing an additional 51,835 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTCT has been the subject of a number of research reports. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada lifted their target price on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.