NetScout Systems (NASDAQ:NTCT) Reaches New 1-Year High – Time to Buy?

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $33.20 and last traded at $32.8150, with a volume of 81466 shares changing hands. The stock had previously closed at $32.38.

Wall Street Analyst Weigh In

NTCT has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a report on Friday, March 27th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Royal Bank Of Canada lowered their price target on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. 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, NetScout Systems presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

NetScout Systems Stock Down 2.5%

The company has a market cap of $2.37 billion, a price-to-earnings ratio of 25.20 and a beta of 0.58. The company’s 50-day moving average is $30.04 and its 200 day moving average is $28.09.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.86 by $0.14. The company had revenue of $250.68 million for the quarter, compared to analyst estimates of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president owned 129,494 shares in the company, valued at approximately $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.82% of the company’s stock.

Institutional Trading of NetScout Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of NetScout Systems by 53.2% in the fourth quarter. Invesco Ltd. now owns 432,109 shares of the technology company’s stock valued at $11,693,000 after purchasing an additional 150,076 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of NetScout Systems by 27.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,493 shares of the technology company’s stock valued at $609,000 after purchasing an additional 4,887 shares during the period. State of Tennessee Department of Treasury grew its position in shares of NetScout Systems by 34.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 39,894 shares of the technology company’s stock valued at $1,109,000 after purchasing an additional 10,119 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of NetScout Systems in the fourth quarter valued at about $218,000. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of NetScout Systems by 413.4% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 68,879 shares of the technology company’s stock valued at $1,864,000 after purchasing an additional 55,462 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NetScout Systems

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.