Insider Selling: NetScout Systems (NASDAQ:NTCT) Director Sells $203,350.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) Director Alfred Grasso sold 5,000 shares of the stock in a transaction that occurred 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 trade represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Stock Down 1.2%

NetScout Systems stock opened at $38.46 on Friday. The firm has a market cap of $2.78 billion, a PE ratio of 29.58 and a beta of 0.61. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $40.92. The company’s 50 day moving average is $33.08 and its two-hundred day moving average is $29.61.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company had revenue of $203.04 million for the quarter, compared to analyst estimates of $198.64 million. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems currently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of NetScout Systems by 23.3% in the 1st quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock valued at $1,088,000 after buying an additional 9,802 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NetScout Systems by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after buying an additional 2,036 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after buying an additional 207,807 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NetScout Systems by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock valued at $4,481,000 after buying an additional 15,112 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of NetScout Systems by 64.3% in the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after buying an additional 136,253 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.