NetScout Systems (NTCT) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of NetScout Systems (NASDAQ:NTCT) from a strong sell rating to a sell rating in a research note released on Saturday.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of NetScout Systems from a strong sell rating to a strong-buy rating and set a $32.00 price target for the company in a research report on Wednesday, March 14th. Piper Jaffray Companies set a $32.00 price objective on shares of NetScout Systems and gave the stock a buy rating in a research note on Monday, February 12th. B. Riley lifted their price objective on shares of NetScout Systems from $28.50 to $30.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Royal Bank of Canada reissued a hold rating on shares of NetScout Systems in a research note on Tuesday, January 30th. Finally, Craig Hallum set a $23.00 price objective on shares of NetScout Systems and gave the stock a hold rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. NetScout Systems currently has an average rating of Hold and an average price target of $28.50.

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Shares of NTCT stock opened at $25.60 on Friday. NetScout Systems has a 1 year low of $25.40 and a 1 year high of $38.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market cap of $2,234.04, a P/E ratio of 18.55, a PEG ratio of 2.45 and a beta of 1.52.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. NetScout Systems had a net margin of 7.95% and a return on equity of 5.34%. The company had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $271.36 million. During the same quarter in the previous year, the company earned $0.60 EPS. NetScout Systems’s revenue was down 12.7% on a year-over-year basis. research analysts expect that NetScout Systems will post 1.04 earnings per share for the current year.

In related news, insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.20, for a total transaction of $84,600.00. Following the transaction, the insider now owns 47,427 shares of the company’s stock, valued at approximately $1,337,441.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.51% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in NetScout Systems by 8.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,256,839 shares of the technology company’s stock worth $137,710,000 after acquiring an additional 315,626 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its stake in NetScout Systems by 59.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 3,073,380 shares of the technology company’s stock valued at $99,424,000 after buying an additional 1,148,671 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NetScout Systems by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 1,875,399 shares of the technology company’s stock valued at $60,669,000 after buying an additional 14,361 shares in the last quarter. Geode Capital Management LLC lifted its stake in NetScout Systems by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 937,973 shares of the technology company’s stock valued at $28,560,000 after buying an additional 131,198 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in NetScout Systems by 47.1% in the fourth quarter. First Trust Advisors LP now owns 543,980 shares of the technology company’s stock valued at $16,564,000 after buying an additional 174,147 shares in the last quarter.

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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.

Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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