NetScout Systems (NASDAQ:NTCT) Hits New 12-Month High – Here’s Why

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $31.58 and last traded at $31.56, with a volume of 605076 shares traded. The stock had previously closed at $30.05.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NTCT. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Royal Bank Of Canada lowered their target price on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.00.

NetScout Systems Trading Up 0.9%

The stock’s fifty day moving average is $29.09 and its 200 day moving average is $27.60. The company has a market capitalization of $2.33 billion, a P/E ratio of 24.85 and a beta of 0.63.

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

Insider Activity

In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president directly owned 129,494 shares of the company’s stock, valued at $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.82% of the stock is owned by insiders.

Institutional Investors Weigh In On NetScout Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. AlphaQuest LLC raised its holdings in shares of NetScout Systems by 604.8% during the third quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 43,125 shares in the last quarter. Prudential Financial Inc. boosted its holdings in NetScout Systems by 9.0% in the second quarter. Prudential Financial Inc. now owns 477,424 shares of the technology company’s stock valued at $11,845,000 after acquiring an additional 39,347 shares in the last quarter. Leuthold Group LLC purchased a new position in NetScout Systems during the 3rd quarter valued at $3,199,000. Allianz Asset Management GmbH increased its position in NetScout Systems by 21.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,000,552 shares of the technology company’s stock valued at $25,844,000 after purchasing an additional 177,976 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in NetScout Systems in the 3rd quarter worth $1,921,000. 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.