NetScout Systems (NASDAQ:NTCT) Reaches New 12-Month High – Here’s What Happened

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $33.01 and last traded at $32.7650, with a volume of 74884 shares traded. The stock had previously closed at $31.79.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Friday. Finally, Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Stock Performance

The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.13 and a beta of 0.63. The firm has a fifty day moving average of $29.45 and a 200-day moving average of $27.81.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, February 5th. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The company had revenue of $250.68 million for the quarter, compared to analysts’ expectations of $233.69 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the transaction, the executive vice president owned 129,494 shares in the company, valued at $3,884,820. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.82% of the company’s stock.

Institutional Trading of NetScout Systems

A number of hedge funds have recently made changes to their positions in NTCT. Invesco Ltd. lifted its position in shares of NetScout Systems by 53.2% during the fourth quarter. Invesco Ltd. now owns 432,109 shares of the technology company’s stock worth $11,693,000 after purchasing an additional 150,076 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in NetScout Systems by 27.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,493 shares of the technology company’s stock worth $609,000 after buying an additional 4,887 shares during the period. State of Tennessee Department of Treasury lifted its holdings in NetScout Systems by 34.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 39,894 shares of the technology company’s stock worth $1,109,000 after buying an additional 10,119 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in NetScout Systems in the 4th quarter valued at about $218,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in NetScout Systems by 413.4% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 68,879 shares of the technology company’s stock valued at $1,864,000 after buying an additional 55,462 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Company Profile

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.