Insider Selling: NetScout Systems (NASDAQ:NTCT) EVP Sells 3,000 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the transaction, the executive vice president owned 129,494 shares in the company, valued at $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NetScout Systems Trading Down 4.7%

Shares of NASDAQ:NTCT traded down $1.41 during midday trading on Monday, hitting $28.29. The stock had a trading volume of 658,624 shares, compared to its average volume of 506,984. NetScout Systems, Inc. has a 1 year low of $18.12 and a 1 year high of $30.67. The stock has a 50 day moving average price of $27.89 and a two-hundred day moving average price of $26.55. The company has a market capitalization of $2.04 billion, a PE ratio of 21.76 and a beta of 0.64.

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

Hedge Funds Weigh In On NetScout Systems

A number of large investors have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its holdings in shares of NetScout Systems by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock valued at $368,000 after purchasing an additional 437 shares during the last quarter. Strs Ohio raised its position in shares of NetScout Systems by 1.9% in the 3rd quarter. Strs Ohio now owns 32,700 shares of the technology company’s stock worth $845,000 after buying an additional 600 shares during the period. IFP Advisors Inc raised its position in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares during the period. Quantinno Capital Management LP boosted its holdings in NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after acquiring an additional 615 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in NetScout Systems by 14.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after acquiring an additional 618 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTCT shares. Royal Bank Of Canada reduced their price target on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Wall Street Zen lowered NetScout Systems from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NetScout Systems presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.