Shares of NetScout Systems, Inc. (NASDAQ:NTCT) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $39.50.

A number of research analysts have recently weighed in on NTCT shares. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of NetScout Systems in a research report on Friday, July 28th. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research report on Thursday, July 20th. Finally, KeyCorp reissued a “hold” rating on shares of NetScout Systems in a research report on Wednesday, October 11th.

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In other news, insider Michael Szabados sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total transaction of $173,000.00. Following the completion of the transaction, the insider now directly owns 39,170 shares of the company’s stock, valued at approximately $1,355,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.51% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. AXA lifted its stake in shares of NetScout Systems by 371.7% during the 1st quarter. AXA now owns 50,000 shares of the technology company’s stock valued at $1,898,000 after buying an additional 39,400 shares in the last quarter. Airain ltd purchased a new stake in shares of NetScout Systems during the 2nd quarter valued at approximately $1,239,000. Credit Suisse AG lifted its stake in shares of NetScout Systems by 666.0% during the 1st quarter. Credit Suisse AG now owns 694,890 shares of the technology company’s stock valued at $26,371,000 after buying an additional 604,179 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of NetScout Systems during the 2nd quarter valued at approximately $5,968,000. Finally, ValueAct Holdings L.P. lifted its stake in shares of NetScout Systems by 39.8% during the 1st quarter. ValueAct Holdings L.P. now owns 2,300,000 shares of the technology company’s stock valued at $87,285,000 after buying an additional 655,000 shares in the last quarter.

Shares of NetScout Systems (NASDAQ:NTCT) traded down 2.30% during midday trading on Wednesday, reaching $31.85. 857,321 shares of the company traded hands. The firm has a market capitalization of $2.85 billion, a PE ratio of 161.68 and a beta of 1.60. NetScout Systems has a 12-month low of $26.25 and a 12-month high of $38.47. The company has a 50-day moving average of $32.64 and a 200 day moving average of $34.68.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The business had revenue of $225.80 million during the quarter, compared to the consensus estimate of $225.66 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 16.1% compared to the same quarter last year. On average, equities analysts forecast that NetScout Systems will post $2.01 earnings per share for the current year.

About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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