NetScout Systems (NASDAQ:NTCT) EVP John Downing Sells 3,000 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $27.80, for a total transaction of $83,400.00. Following the transaction, the executive vice president owned 138,494 shares in the company, valued at approximately $3,850,133.20. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NetScout Systems Price Performance

Shares of NTCT stock opened at $27.69 on Tuesday. The firm has a market cap of $1.99 billion, a P/E ratio of 27.69 and a beta of 0.72. NetScout Systems, Inc. has a 1-year low of $18.12 and a 1-year high of $28.30. The firm’s 50-day simple moving average is $25.88 and its 200-day simple moving average is $23.83.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTCT has been the topic of several research reports. B. Riley initiated coverage on shares of NetScout Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $33.00 price target on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of NetScout Systems in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.00.

Institutional Trading of NetScout Systems

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of NetScout Systems by 1,857.1% during the second quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,040 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of NetScout Systems during the second quarter valued at approximately $27,000. Ransom Advisory Ltd purchased a new stake in shares of NetScout Systems during the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its stake in shares of NetScout Systems by 1,936.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,917 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of NetScout Systems during the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.