NetScout Systems (NASDAQ:NTCT) Stock: Insider John Downing Sells 8,000 Shares

Key Points

• EVP John Downing sold 8,000 shares for about $254,960 at an average price of $31.87 under a pre-arranged Rule 10b5-1 plan; he retained 123,341 shares.
• NetScout beat quarterly estimates, reporting earnings of $0.71 per share versus $0.66 expected and revenue of $222.19 million versus $218.77 million expected. Revenue rose 1.4% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $42.50; shares traded down 1.3% to $32.13 on Friday.

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $31.87, for a total value of $254,960.00. Following the completion of the transaction, the executive vice president owned 123,341 shares in the company, valued at $3,930,877.67. The trade was a 6.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Trading Down 1.3%

Shares of NetScout Systems stock traded down $0.42 on Friday, reaching $32.13. 345,625 shares of the company were exchanged, compared to its average volume of 595,285. NetScout Systems, Inc. has a fifty-two week low of $25.29 and a fifty-two week high of $45.28. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.26 and a beta of 0.72. The stock has a fifty day moving average price of $38.19 and a 200-day moving average price of $36.59.

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

Analysts Set New Price Targets

Several research analysts have commented on NTCT shares. Weiss Ratings upgraded shares of NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of NetScout Systems from a "strong-buy" rating to a "hold" rating in a report on Saturday, November 7th. Royal Bank Of Canada reduced their price target on shares of NetScout Systems from $43.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, November 6th. B. Riley Financial restated a "buy" rating and issued a $50.00 price target on shares of NetScout Systems in a research report on Sunday, August 9th. after the company reported F1Q27 results. Finally, Zacks Research lowered shares of NetScout Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 8th. One research 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 company presently has a consensus rating of "Hold" and a consensus price target of $42.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in NetScout Systems in the 2nd quarter worth about $498,027,000. Dimensional Fund Advisors LP boosted its position in NetScout Systems by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,258,974 shares of the technology company's stock worth $135,391,000 after acquiring an additional 110,702 shares during the period. Legal & General Group Plc purchased a new position in NetScout Systems during the 2nd quarter valued at about $165,970,000. First Trust Advisors LP grew its stake in NetScout Systems by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 2,068,696 shares of the technology company's stock valued at $83,120,000 after acquiring an additional 105,863 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in NetScout Systems by 16.8% during the 2nd quarter. Wellington Management Group LLP now owns 1,258,576 shares of the technology company's stock valued at $54,811,000 after acquiring an additional 181,380 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Company Profile

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.

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