NetScout Systems (NASDAQ:NTCT) Stock: Insider John Downing Sells 8,000 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $31.87, for a total value of $254,960.00. Following the completion of the transaction, the executive vice president directly owned 123,341 shares in the company, valued at approximately $3,930,877.67. This represents a 6.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Down 1.3%

Shares of NTCT stock traded down $0.42 during trading hours on Friday, reaching $32.13. 345,625 shares of the company’s stock were exchanged, compared to its average volume of 534,935. NetScout Systems, Inc. has a fifty-two week low of $25.29 and a fifty-two week high of $45.28. The stock has a market capitalization of $2.28 billion, a P/E ratio of 18.26 and a beta of 0.72. The business has a fifty day moving average price of $38.08 and a 200-day moving average price of $36.61.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, November 5th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. NetScout Systems had a net margin of 14.62% and a return on equity of 9.63%. The business had revenue of $222.19 million for the quarter, compared to the consensus estimate of $218.77 million. During the same quarter last year, the company posted $0.62 earnings per share. NetScout Systems’s quarterly revenue was up 1.4% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts expect that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in NetScout Systems in the 2nd quarter valued at $498,027,000. Legal & General Group Plc acquired a new stake in shares of NetScout Systems in the second quarter valued at $165,970,000. Dimensional Fund Advisors LP increased its stake in shares of NetScout Systems by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock valued at $135,391,000 after buying an additional 110,702 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of NetScout Systems by 5.4% in the third quarter. First Trust Advisors LP now owns 2,068,696 shares of the technology company’s stock valued at $83,120,000 after buying an additional 105,863 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of NetScout Systems by 16.8% in the second quarter. Wellington Management Group LLP now owns 1,258,576 shares of the technology company’s stock valued at $54,811,000 after buying an additional 181,380 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTCT has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of NetScout Systems from $43.00 to $35.00 and set a “sector perform” rating on the stock in a report on Friday, November 6th. Wall Street Zen cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 7th. Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, B. Riley Financial restated a “buy” rating and set a $50.00 price objective on shares of NetScout Systems in a research report on Sunday, August 9th. after the company reported F1Q27 results. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.50.

NetScout Systems Company Profile

NetScout Systems, Inc. provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments. The company’s offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.