NetScout Systems (NASDAQ:NTCT) Given New $35.00 Price Target at Royal Bank Of Canada

NetScout Systems (NASDAQ:NTCT) had its target price reduced by Royal Bank Of Canada from $43.00 to $35.00 in a research note released on Friday,Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

Several other equities research analysts have also commented on NTCT. Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. B. Riley Financial restated a “buy” rating and issued a $50.00 price objective on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. Finally, Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.50.

NetScout Systems Trading Down 1.0%

NTCT traded down $0.32 during trading on Friday, hitting $31.51. The company’s stock had a trading volume of 781,494 shares, compared to its average volume of 455,039. NetScout Systems has a twelve month low of $25.29 and a twelve month high of $45.28. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 17.90 and a beta of 0.72. The business’s fifty day simple moving average is $38.66 and its 200 day simple moving average is $36.49.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $222.19 million during the quarter, compared to analysts’ expectations of $218.77 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts forecast that NetScout Systems will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the completion of the sale, the executive vice president directly owned 127,809 shares of the company’s stock, valued at $4,909,143.69. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Perretta sold 7,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $38.00, for a total value of $266,000.00. Following the completion of the sale, the director directly owned 40,866 shares of the company’s stock, valued at $1,552,908. This trade represents a 14.62% 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 sold a total of 21,269 shares of company stock worth $813,184 in the last three months. Company insiders own 4.74% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NTCT. BlackRock Inc. acquired a new position in NetScout Systems in the 2nd quarter valued at about $498,027,000. Legal & General Group Plc purchased a new stake in NetScout Systems during the 2nd quarter worth about $165,970,000. Dimensional Fund Advisors LP boosted its position in shares of NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company’s stock worth $135,391,000 after acquiring an additional 110,702 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of NetScout Systems by 16.8% during the 2nd quarter. Wellington Management Group LLP now owns 1,258,576 shares of the technology company’s stock worth $54,811,000 after acquiring an additional 181,380 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of NetScout Systems in the 2nd quarter valued at about $19,702,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

More NetScout Systems News

Here are the key news stories impacting NetScout Systems this week:

• Positive Sentiment: Fiscal Q2 2027 adjusted EPS was $0.71, beating the $0.66 consensus and rising from $0.62 a year earlier. Revenue of $222.19 million also topped estimates of $218.77 million. Zacks earnings report
• Neutral Sentiment: NetScout maintained fiscal 2027 EPS guidance of $2.65–$2.80, above the $2.62 consensus. Revenue guidance of $885 million–$915 million brackets analysts’ $904.9 million estimate, while its midpoint is slightly below that forecast.
• Negative Sentiment: RBC cut its price target to $35 from $43 and kept a “sector perform” rating. The new target still implies about 11.1% upside from the cited $31.51 share price, but the sizable reduction may weigh on sentiment. RBC ratings information
• Negative Sentiment: Despite the quarterly beats, revenue increased just 1.4% year over year, suggesting modest growth and potentially limiting enthusiasm about the results.

About NetScout Systems

NetScout Systems, Inc (NASDAQ: NTCT) provides network performance management, service assurance and cybersecurity solutions for enterprises, communications service providers, government organizations and other large institutions. Its technologies are designed to help customers monitor network traffic, identify performance issues, maintain service availability and detect or respond to cyberthreats.

The company’s offerings include the nGeniusONE service assurance platform, InfiniStream network monitoring and packet-based visibility technologies, and solutions associated with its Arbor portfolio for distributed denial-of-service protection, network detection and response, and other cybersecurity applications.