NetScout Systems (NASDAQ:NTCT) Price Target Raised to $31.00

NetScout Systems (NASDAQ:NTCT) had its price target hoisted by Royal Bank Of Canada from $26.00 to $31.00 in a research report report published on Friday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the technology company’s stock.

Several other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NetScout Systems in a research report on Tuesday, October 14th. B. Riley began coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.00.

NetScout Systems Price Performance

Shares of NTCT stock traded up $0.56 during midday trading on Friday, reaching $29.27. 584,884 shares of the company traded hands, compared to its average volume of 526,287. The firm has a market cap of $2.10 billion, a PE ratio of 29.27 and a beta of 0.71. The firm’s 50 day simple moving average is $26.16 and its two-hundred day simple moving average is $24.05. NetScout Systems has a 1-year low of $18.12 and a 1-year high of $30.67.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company had revenue of $219.02 million for the quarter, compared to analyst estimates of $200.60 million. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS. FY 2026 guidance at 2.350-2.45 EPS. As a group, research analysts anticipate that NetScout Systems will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alfred Grasso sold 5,644 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total transaction of $137,939.36. Following the completion of the transaction, the director directly owned 33,000 shares of the company’s stock, valued at approximately $806,520. This trade represents a 14.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president directly owned 135,494 shares of the company’s stock, valued at approximately $4,064,820. The trade was a 2.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,000 shares of company stock worth $532,273. Company insiders own 3.82% of the company’s stock.

Hedge Funds Weigh In On NetScout Systems

Institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new stake in shares of NetScout Systems during the first quarter valued at approximately $13,894,000. LSV Asset Management lifted its holdings in NetScout Systems by 253.1% during the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company’s stock worth $19,116,000 after buying an additional 652,155 shares in the last quarter. Ameriprise Financial Inc. boosted its position in NetScout Systems by 235.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 578,608 shares of the technology company’s stock valued at $14,355,000 after buying an additional 406,004 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of NetScout Systems in the 2nd quarter valued at $9,801,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of NetScout Systems by 572.3% during the third quarter. Jupiter Asset Management Ltd. now owns 377,347 shares of the technology company’s stock worth $9,747,000 after acquiring an additional 321,218 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.