NetScout Systems (NASDAQ:NTCT) EVP Sells $322,320.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the transaction, the executive vice president owned 129,121 shares in the company, valued at approximately $5,202,285.09. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NetScout Systems Stock Performance

Shares of NTCT stock traded down $0.51 during mid-day trading on Tuesday, hitting $40.15. 532,471 shares of the stock traded hands, compared to its average volume of 588,097. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $43.80. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 30.88 and a beta of 0.68. The company’s 50-day simple moving average is $36.38 and its 200-day simple moving average is $31.14.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The company had revenue of $203.04 million for the quarter, compared to analysts’ expectations of $198.64 million. During the same period last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Analysts forecast that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTCT. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Royal Bank Of Canada raised their price objective on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $35.50.

Institutional Investors Weigh In On NetScout Systems

Large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of NetScout Systems by 147.2% during the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after acquiring an additional 602 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after buying an additional 621 shares during the period. Advisory Services Network LLC acquired a new stake in shares of NetScout Systems in the third quarter worth $35,000. Global Retirement Partners LLC acquired a new stake in shares of NetScout Systems in the fourth quarter worth $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of NetScout Systems by 1,936.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after buying an additional 1,917 shares during the period. 91.64% of the stock is owned by institutional investors.

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.