John Downing Sells 8,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the completion of the transaction, the executive vice president directly owned 127,809 shares of the company’s stock, valued at approximately $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Downing also recently made the following trade(s):

• On Monday, June 8th, John Downing sold 8,000 shares of NetScout Systems stock. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00.

NetScout Systems Trading Down 0.1%

Shares of NASDAQ:NTCT opened at $39.67 on Friday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 24.19 and a beta of 0.69. NetScout Systems, Inc. has a 12 month low of $22.24 and a 12 month high of $45.28. The company has a 50-day moving average price of $40.93 and a 200 day moving average price of $35.80.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The business had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts forecast that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Institutional Investors Weigh In On NetScout Systems

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, July 31st. Finally, Royal Bank Of Canada boosted their target price 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. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NetScout Systems currently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

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.