B. Riley Upgrades NetScout Systems (NASDAQ:NTCT) to Strong-Buy

Key Points

• B. Riley has upgraded NetScout Systems (NASDAQ:NTCT) to a "strong-buy" rating, reflecting the firm's positive outlook on the company's stock.
• The company's stock increased 3.2% recently, trading at approximately $23.89, following a stronger-than-expected quarterly earnings report.
• Insiders have recently sold shares, with 10,500 shares valued at $245,525 sold in the last 90 days, indicating some selling activity among executives.

NetScout Systems (NASDAQ:NTCT - Get Free Report) was upgraded by investment analysts at B. Riley to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

NetScout Systems Stock Up 3.2%

NASDAQ:NTCT opened at $23.89 on Monday. The company has a fifty day moving average of $22.99 and a 200-day moving average of $22.36. The firm has a market capitalization of $1.72 billion, a P/E ratio of 23.89 and a beta of 0.65. NetScout Systems has a twelve month low of $18.12 and a twelve month high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. NetScout Systems's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, analysts anticipate that NetScout Systems will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 127,352 shares in the company, valued at approximately $2,988,951.44. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the sale, the director owned 127,798 shares of the company's stock, valued at $3,047,982.30. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,500 shares of company stock worth $245,525. 3.82% of the stock is owned by corporate insiders.

Institutional Trading of NetScout Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new stake in NetScout Systems during the 2nd quarter valued at $27,000. Allworth Financial LP grew its stake in shares of NetScout Systems by 1,857.1% in 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 stake in shares of NetScout Systems in the 1st quarter worth $34,000. EverSource Wealth Advisors LLC grew its stake in shares of NetScout Systems by 1,936.4% in 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 stake in shares of NetScout Systems in the 4th quarter worth $71,000. Institutional investors own 91.64% of the company's stock.

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.

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