B. Riley Begins Coverage on NetScout Systems (NASDAQ:NTCT)

Key Points

• B. Riley has initiated coverage on NetScout Systems (NASDAQ: NTCT) with a buy rating and a price target of $33.00, indicating a potential upside of 38.74% from its current price.
• NetScout reported a net margin of 8.72% and an earnings per share (EPS) of $0.34 for the last quarter, surpassing estimates while achieving a 6.9% year-over-year revenue increase.
• Recent insider trading includes the sale of shares by executives, with 3.82% of the stock currently held by insiders, suggesting active participation in the stock by company executives.

B. Riley assumed coverage on shares of NetScout Systems (NASDAQ:NTCT - Get Free Report) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $33.00 price target on the technology company's stock. B. Riley's price target points to a potential upside of 38.74% from the company's current price.

NetScout Systems Price Performance

Shares of NetScout Systems stock opened at $23.7850 on Tuesday. The company's fifty day simple moving average is $22.98 and its 200-day simple moving average is $22.35. The stock has a market capitalization of $1.71 billion, a PE ratio of 23.47 and a beta of 0.65. NetScout Systems has a 1-year low of $18.12 and a 1-year high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. As a group, research analysts anticipate that NetScout Systems will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the completion of the transaction, the executive vice president directly owned 127,352 shares of the company's stock, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the completion of the sale, the director directly owned 127,798 shares of the company's stock, valued at approximately $3,047,982.30. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.82% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NetScout Systems

Several large investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new stake in shares of NetScout Systems in the 2nd quarter valued at about $27,000. Allworth Financial LP raised its stake in shares of NetScout Systems by 1,857.1% during the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company's stock worth $27,000 after acquiring an additional 1,040 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of NetScout Systems during the 1st quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its stake in shares of NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company's stock worth $50,000 after acquiring an additional 1,917 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of NetScout Systems during the 4th quarter worth approximately $71,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.