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

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $31.87, for a total transaction of $254,960.00. Following the transaction, the executive vice president owned 123,341 shares in the company, valued at $3,930,877.67. The trade was a 6.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Trading Down 1.3%

Shares of NASDAQ NTCT traded down $0.42 during midday trading on Friday, reaching $32.13. The company had a trading volume of 345,625 shares, compared to its average volume of 534,935. The business’s 50-day simple moving average is $38.08 and its 200 day simple moving average is $36.61. The stock has a market cap of $2.28 billion, a P/E ratio of 18.26 and a beta of 0.72. NetScout Systems, Inc. has a 1 year low of $25.29 and a 1 year high of $45.28.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $0.71 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 during the quarter, compared to the consensus estimate of $218.77 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Analysts predict that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Ashton Thomas Private Wealth LLC raised its holdings in shares of NetScout Systems by 2.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,632 shares of the technology company’s stock valued at $467,000 after buying an additional 302 shares during the period. GAMMA Investing LLC lifted its stake in NetScout Systems by 20.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,768 shares of the technology company’s stock worth $71,000 after acquiring an additional 303 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in NetScout Systems by 76.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 888 shares of the technology company’s stock valued at $36,000 after acquiring an additional 384 shares during the period. Signaturefd LLC boosted its holdings in NetScout Systems by 111.8% during the 3rd quarter. Signaturefd LLC now owns 754 shares of the technology company’s stock valued at $30,000 after acquiring an additional 398 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in NetScout Systems by 12.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,500 shares of the technology company’s stock valued at $181,000 after acquiring an additional 500 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

About NetScout Systems

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.