NetScout Systems (NASDAQ:NTCT) Sets New 1-Year High – Should You Buy?

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price hit a new 52-week high on Monday . The company traded as high as $44.00 and last traded at $40.8350, with a volume of 103 shares trading hands. The stock had previously closed at $41.42.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NTCT. Royal Bank Of Canada upped their price target on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings cut NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NetScout Systems currently has an average rating of “Buy” and a consensus target price of $35.50.

NetScout Systems Stock Down 0.5%

The business has a 50-day simple moving average of $37.45 and a two-hundred day simple moving average of $31.76. The stock has a market capitalization of $2.90 billion, a P/E ratio of 31.20 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 7th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The company had revenue of $203.04 million for the quarter, compared to analysts’ expectations of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts forecast that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the sale, the director owned 35,000 shares in the company, valued at approximately $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the sale, the executive vice president owned 129,121 shares in the company, valued at $5,202,285.09. The trade was a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 3.82% of the stock is currently owned by corporate insiders.

Institutional Trading of NetScout Systems

Large investors have recently made changes to their positions in the business. IFP Advisors Inc grew its holdings in shares of NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after purchasing an additional 602 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after acquiring an additional 621 shares during the period. Advisory Services Network LLC acquired a new position in shares of NetScout Systems during the third quarter valued at $35,000. Global Retirement Partners LLC acquired a new position in shares of NetScout Systems during the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of NetScout Systems by 1,936.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,917 shares during the period. Institutional investors own 91.64% of the company’s stock.

About NetScout Systems

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.