Shares of NetScout Systems Inc. (NASDAQ:NTCT) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $28.20.
Several research firms have weighed in on NTCT. Pacific Crest reissued a “buy” rating on shares of NetScout Systems in a research report on Monday, September 12th. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Finally, B. Riley reissued a “buy” rating and issued a $34.00 price objective on shares of NetScout Systems in a research report on Friday, July 29th.
In other news, EVP John Downing sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $27.48, for a total transaction of $27,480.00. Following the transaction, the executive vice president now owns 100,989 shares of the company’s stock, valued at approximately $2,775,177.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $27.64, for a total value of $138,200.00. Following the transaction, the chief operating officer now directly owns 35,526 shares in the company, valued at approximately $981,938.64. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in NetScout Systems by 219.8% in the second quarter. Sei Investments Co. now owns 5,587 shares of the company’s stock worth $124,000 after buying an additional 3,840 shares during the last quarter. LS Investment Advisors LLC raised its stake in NetScout Systems by 64.8% in the second quarter. LS Investment Advisors LLC now owns 5,637 shares of the company’s stock worth $125,000 after buying an additional 2,216 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in NetScout Systems during the second quarter worth about $141,000. Princeton Alpha Management LP bought a new stake in NetScout Systems during the second quarter worth about $206,000. Finally, Strs Ohio raised its stake in NetScout Systems by 44.6% in the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock worth $209,000 after buying an additional 2,900 shares during the last quarter. 98.12% of the stock is currently owned by hedge funds and other institutional investors.
NetScout Systems (NASDAQ:NTCT) opened at 29.11 on Friday. The company’s market cap is $2.68 billion. NetScout Systems has a 12 month low of $18.77 and a 12 month high of $40.28. The company has a 50 day moving average price of $29.01 and a 200-day moving average price of $24.86.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. NetScout Systems had a positive return on equity of 5.80% and a negative net margin of 4.01%. The business had revenue of $269 million for the quarter, compared to analysts’ expectations of $273.47 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 167.1% on a year-over-year basis. Equities analysts predict that NetScout Systems will post $1.93 earnings per share for the current fiscal year.
NetScout Systems Company Profile
NetScout Systems, Inc is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers.
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