Michael Szabados Sells 4,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

Key Points

• Director Michael Szabados sold 4,000 NetScout shares at an average price of $37.70, generating $150,800. His remaining stake fell 8.76% to 41,654 shares.
• NetScout reported quarterly EPS of $0.52, beating estimates of $0.38, while revenue rose 12.7% year over year to $210.42 million, above expectations.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $38.00; institutional investors and hedge funds own 91.64% of the stock.

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) Director Michael Szabados sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $37.70, for a total value of $150,800.00. Following the completion of the transaction, the director owned 41,654 shares in the company, valued at approximately $1,570,355.80. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NetScout Systems Stock Performance

Shares of NTCT traded up $0.44 during trading hours on Wednesday, hitting $38.50. 442,777 shares of the stock were exchanged, compared to its average volume of 597,650. The stock's 50-day moving average price is $40.59 and its two-hundred day moving average price is $36.37. NetScout Systems, Inc. has a 12-month low of $23.86 and a 12-month high of $45.28. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 23.48 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The company had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. During the same quarter last year, the firm posted $0.34 EPS. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, research analysts expect that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.

Analysts Set New Price Targets

NTCT has been the subject of several recent research reports. Zacks Research raised NetScout Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 19th. Royal Bank Of Canada upped their target price on NetScout Systems from $29.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, May 8th. Wall Street Zen raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company's stock worth $27,000 after acquiring an additional 602 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of NetScout Systems by 92.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company's stock worth $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of NetScout Systems during the 3rd quarter worth about $35,000. Global Retirement Partners LLC purchased a new stake in NetScout Systems in the 4th quarter valued at about $39,000. Finally, Group One Trading LLC acquired a new position in NetScout Systems in the second quarter valued at about $47,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

About NetScout Systems

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.

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