NetScout Systems (NASDAQ:NTCT) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of NetScout Systems (NASDAQ:NTCT) from a buy rating to a hold rating in a research note released on Sunday morning.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Royal Bank Of Canada decreased their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

NetScout Systems Stock Down 1.6%

Shares of NetScout Systems stock opened at $29.32 on Friday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 22.55 and a beta of 0.64. NetScout Systems has a twelve month low of $18.12 and a twelve month high of $30.67. The company’s fifty day moving average is $27.78 and its 200 day moving average is $26.38.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The firm had revenue of $250.68 million for the quarter, compared to the consensus estimate of $233.69 million. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. As a group, equities analysts anticipate that NetScout Systems will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Sanjay Munshi sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total value of $54,460.00. Following the completion of the sale, the chief operating officer directly owned 6,254 shares of the company’s stock, valued at $170,296.42. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher Perretta sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the completion of the sale, the director owned 40,866 shares in the company, valued at approximately $1,144,656.66. The trade was a 19.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.82% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

Several large investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new stake in NetScout Systems during the third quarter valued at about $118,440,000. Legal & General Group Plc raised its position in shares of NetScout Systems by 2.1% in the second quarter. Legal & General Group Plc now owns 4,484,569 shares of the technology company’s stock valued at $111,262,000 after purchasing an additional 91,248 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of NetScout Systems by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock valued at $112,254,000 after buying an additional 109,910 shares in the last quarter. State Street Corp boosted its holdings in NetScout Systems by 1.7% in the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after buying an additional 51,835 shares during the period. Finally, First Trust Advisors LP grew its stake in NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after buying an additional 729,632 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Company Profile

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.