NetScout Systems (NASDAQ:NTCT) Sets New 12-Month High – Should You Buy?

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $44.00 and last traded at $40.8350, with a volume of 103 shares traded. The stock had previously closed at $41.42.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTCT. Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada increased their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, NetScout Systems currently has an average rating of “Buy” and an average price target of $35.50.

NetScout Systems Trading Down 1.0%

The firm has a fifty day moving average of $37.11 and a two-hundred day moving average of $31.57. The company has a market cap of $2.93 billion, a PE ratio of 31.63 and a beta of 0.68.

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

Insider Activity at NetScout Systems

In related news, EVP John Downing sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the sale, the executive vice president directly owned 129,121 shares in the company, valued at approximately $5,202,285.09. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Also, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.82% of the company’s stock.

Hedge Funds Weigh In On NetScout Systems

A number of large investors have recently made changes to their positions in NTCT. CIBC Bancorp USA Inc. purchased a new position in shares of NetScout Systems during the third quarter worth about $118,440,000. JPMorgan Chase & Co. increased its position in shares of NetScout Systems by 65.8% in the third quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock worth $8,874,000 after purchasing an additional 136,377 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in NetScout Systems by 93.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock valued at $3,205,000 after purchasing an additional 57,602 shares in the last quarter. Leuthold Group LLC raised its stake 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in NetScout Systems by 2,546.1% during the fourth quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock valued at $12,170,000 after purchasing an additional 432,741 shares during the last quarter. 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.