NetScout Systems (NASDAQ:NTCT) Stock: Insider John Egan Sells 14,500 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) Director John Egan sold 14,500 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $32.78, for a total transaction of $475,310.00. Following the completion of the sale, the director directly owned 98,240 shares in the company, valued at approximately $3,220,307.20. The trade was a 12.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NetScout Systems Trading Down 1.3%

Shares of NetScout Systems stock traded down $0.42 during mid-day trading on Friday, reaching $32.13. 345,625 shares of the stock were exchanged, compared to its average volume of 534,935. NetScout Systems, Inc. has a fifty-two week low of $25.29 and a fifty-two week high of $45.28. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 18.26 and a beta of 0.72. The firm has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $36.61.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $222.19 million for the quarter, compared to analyst estimates of $218.77 million. NetScout Systems had a net margin of 14.62% and a return on equity of 9.63%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, research analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.

Institutional Trading of NetScout Systems

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of NetScout Systems in the 2nd quarter valued at about $498,027,000. Legal & General Group Plc bought a new stake in shares of NetScout Systems during the second quarter worth approximately $165,970,000. Bank of New York Mellon Corp bought a new stake in shares of NetScout Systems during the second quarter worth approximately $19,702,000. SEB Asset Management AB bought a new stake in shares of NetScout Systems during the first quarter worth approximately $14,137,000. Finally, Empowered Funds LLC acquired a new position in NetScout Systems in the second quarter valued at approximately $14,811,000. 91.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NTCT. Zacks Research cut NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 8th. Royal Bank Of Canada reduced their price objective on NetScout Systems from $43.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, November 6th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. B. Riley Financial restated a “buy” rating and set a $50.00 target price on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. Finally, Wall Street Zen lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 7th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.50.

About NetScout Systems

NetScout Systems, Inc. provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments. The company’s offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.