NetScout Systems (NTCT) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of NetScout Systems (NASDAQ:NTCT) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other equities analysts have also recently issued reports on NTCT. BidaskClub cut NetScout Systems from a hold rating to a sell rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded NetScout Systems from a sell rating to a hold rating in a research report on Wednesday, July 25th. Finally, Piper Jaffray Companies set a $31.00 price target on NetScout Systems and gave the company a buy rating in a research report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $27.50.

NTCT traded up $0.35 during trading hours on Thursday, hitting $28.99. The company’s stock had a trading volume of 839,433 shares, compared to its average volume of 906,377. NetScout Systems has a fifty-two week low of $21.58 and a fifty-two week high of $31.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 1.90. The stock has a market cap of $2.33 billion, a P/E ratio of 35.79, a P/E/G ratio of 3.22 and a beta of 1.10.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, November 1st. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.04 by $0.21. NetScout Systems had a return on equity of 3.29% and a net margin of 1.88%. The firm had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $218.30 million. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue was down 12.8% compared to the same quarter last year. Equities analysts anticipate that NetScout Systems will post 0.9 EPS for the current year.

In other news, insider John Downing sold 3,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vincent J. Mullarkey sold 26,466 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $24.79, for a total value of $656,092.14. Following the sale, the director now directly owns 10,147 shares of the company’s stock, valued at $251,544.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,466 shares of company stock valued at $886,672. Corporate insiders own 3.93% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of NetScout Systems by 0.7% during the 2nd quarter. BlackRock Inc. now owns 9,634,062 shares of the technology company’s stock worth $286,131,000 after acquiring an additional 64,318 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of NetScout Systems by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 105,570 shares of the technology company’s stock worth $3,136,000 after acquiring an additional 9,255 shares in the last quarter. Fondren Management LP bought a new stake in shares of NetScout Systems during the 2nd quarter worth $1,188,000. Tower Research Capital LLC TRC boosted its position in shares of NetScout Systems by 201.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,784 shares of the technology company’s stock worth $232,000 after buying an additional 5,198 shares during the period. Finally, Washington Capital Management Inc. boosted its position in shares of NetScout Systems by 16.7% in the second quarter. Washington Capital Management Inc. now owns 17,500 shares of the technology company’s stock worth $520,000 after buying an additional 2,500 shares during the period.

About NetScout Systems

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

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Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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