Insider Selling: NetScout Systems (NASDAQ:NTCT) Director Sells $266,000.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Christopher Perretta sold 7,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.00, for a total transaction of $266,000.00. Following the sale, the director directly owned 40,866 shares of the company’s stock, valued at $1,552,908. This represents a 14.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Trading Up 0.4%

Shares of NetScout Systems stock opened at $38.51 on Thursday. NetScout Systems, Inc. has a twelve month low of $25.08 and a twelve month high of $45.28. The firm has a market capitalization of $2.80 billion, a PE ratio of 23.48 and a beta of 0.69. The firm’s 50-day moving average price is $39.53 and its 200 day moving average price is $37.40.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business had revenue of $210.42 million during the quarter, compared to analysts’ expectations of $196.17 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Finally, Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.00.

Institutional Investors Weigh In On NetScout Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Leuthold Group LLC raised its position in NetScout Systems by 45.3% in the fourth quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after purchasing an additional 56,144 shares during the period. BlackRock Inc. acquired a new stake in NetScout Systems in the 2nd quarter valued at about $498,027,000. The Manufacturers Life Insurance Company acquired a new stake in NetScout Systems in the second quarter valued at approximately $1,537,000. Lazard Asset Management LLC raised its holdings in shares of NetScout Systems by 8.7% in the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company’s stock valued at $18,598,000 after purchasing an additional 46,782 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in NetScout Systems by 41.6% during the 1st quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company’s stock worth $20,239,000 after buying an additional 186,903 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NetScout Systems

NetScout Systems, Inc (NASDAQ: NTCT) provides network monitoring, service assurance, and cybersecurity solutions for enterprises, telecommunications providers, government organizations, and other large institutions. Its technology helps customers maintain network performance, identify service disruptions, analyze application and user experience, and detect or mitigate cyberthreats.

The company’s product portfolio includes network traffic and performance monitoring platforms, packet-based visibility tools, application and service assurance software, and distributed denial-of-service (DDoS) protection solutions.