Royal Bank Of Canada Forecasts Strong Price Appreciation for NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems (NASDAQ:NTCT) had its price target upped by research analysts at Royal Bank Of Canada from $26.00 to $31.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.98% from the company’s current price.

A number of other research analysts also recently commented on NTCT. B. Riley began coverage on NetScout Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NetScout Systems in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.00.

NetScout Systems Trading Down 1.8%

Shares of NTCT stock opened at $28.71 on Friday. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 28.71 and a beta of 0.71. NetScout Systems has a 12-month low of $18.12 and a 12-month high of $30.67. The stock’s 50-day moving average price is $26.16 and its 200-day moving average price is $24.03.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $219.02 million during the quarter, compared to analyst estimates of $200.60 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. As a group, research analysts predict that NetScout Systems will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the sale, the executive vice president owned 135,494 shares in the company, valued at approximately $4,064,820. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Szabados sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the sale, the director owned 38,939 shares of the company’s stock, valued at $892,092.49. This trade represents a 9.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,000 shares of company stock valued at $532,273 over the last three months. 3.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On NetScout Systems

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in NetScout Systems by 2.7% in the first quarter. Principal Financial Group Inc. now owns 357,176 shares of the technology company’s stock worth $7,504,000 after purchasing an additional 9,526 shares during the last quarter. CWM LLC raised its holdings in shares of NetScout Systems by 28.5% in the first quarter. CWM LLC now owns 13,011 shares of the technology company’s stock worth $273,000 after buying an additional 2,889 shares during the period. Edgestream Partners L.P. bought a new stake in shares of NetScout Systems during the 1st quarter worth approximately $2,191,000. Hohimer Wealth Management LLC lifted its stake in shares of NetScout Systems by 4.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company’s stock worth $233,000 after acquiring an additional 504 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in NetScout Systems by 141.8% during the 1st quarter. Victory Capital Management Inc. now owns 194,631 shares of the technology company’s stock valued at $4,089,000 after acquiring an additional 114,124 shares during the period. 91.64% of the stock is currently owned by institutional investors.

About NetScout Systems

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.