NetScout Systems (NASDAQ:NTCT) Hits New 12-Month High – Here’s What Happened

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.80 and last traded at $43.7740, with a volume of 169187 shares traded. The stock had previously closed at $42.41.

Analyst Ratings Changes

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

NetScout Systems Trading Down 4.4%

The firm has a market cap of $2.94 billion, a P/E ratio of 31.58 and a beta of 0.68. The stock’s fifty day moving average is $39.25 and its two-hundred day moving average is $32.83.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results 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 firm had revenue of $203.03 million during 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 business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, analysts forecast that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Insider Activity

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 value of $322,320.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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. Also, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the sale, the director owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. The trade was a 12.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after buying an additional 621 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of NetScout Systems during the 3rd quarter valued at about $35,000. Global Retirement Partners LLC bought a new stake in NetScout Systems in the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC lifted its position in NetScout Systems by 1,936.4% in the 2nd 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 last quarter. Institutional investors 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.