KeyCorp Reiterates Hold Rating for NetScout Systems, Inc. (NTCT)

NetScout Systems, Inc. (NASDAQ:NTCT)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a research report issued to clients and investors on Wednesday.

NTCT has been the topic of several other research reports. BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 target price on shares of NetScout Systems in a research report on Tuesday. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, B. Riley restated a “buy” rating and issued a $44.00 target price on shares of NetScout Systems in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.50.

Shares of NetScout Systems (NASDAQ:NTCT) opened at 33.35 on Wednesday. The firm has a 50-day moving average price of $32.64 and a 200-day moving average price of $34.76. NetScout Systems has a 1-year low of $26.25 and a 1-year high of $38.47. The company has a market cap of $2.99 billion, a P/E ratio of 169.29 and a beta of 1.60.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $225.80 million for the quarter, compared to the consensus estimate of $225.66 million. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The business’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, equities analysts expect that NetScout Systems will post $2.06 EPS for the current year.

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In other news, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total value of $173,000.00. Following the transaction, the insider now owns 39,170 shares in the company, valued at $1,355,282. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.51% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Amalgamated Bank increased its holdings in shares of NetScout Systems by 0.5% in the second quarter. Amalgamated Bank now owns 12,678 shares of the technology company’s stock valued at $436,000 after purchasing an additional 59 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of NetScout Systems by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,841 shares of the technology company’s stock valued at $754,000 after purchasing an additional 226 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of NetScout Systems by 8.9% in the second quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock valued at $113,000 after purchasing an additional 271 shares during the last quarter. Capstone Asset Management Co. increased its holdings in shares of NetScout Systems by 4.3% in the second quarter. Capstone Asset Management Co. now owns 6,786 shares of the technology company’s stock valued at $233,000 after purchasing an additional 280 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of NetScout Systems by 5.5% in the second quarter. Teacher Retirement System of Texas now owns 6,960 shares of the technology company’s stock valued at $239,000 after purchasing an additional 363 shares during the last quarter.

NetScout Systems Company Profile

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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