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

Key Points

• Director John Egan sold 14,500 NetScout shares at an average of $32.78, for proceeds of $475,310. He retained 98,240 shares after the sale, a 12.86% reduction in his holdings.
• NetScout’s latest quarterly results beat expectations: adjusted earnings were $0.71 per share versus a $0.66 estimate, and revenue of $222.19 million topped forecasts. Revenue rose 1.4% year over year.
• The stock fell 1.3% to $32.13 in Friday trading. Analysts’ consensus rating is Hold, with an average price target of $42.50.

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) Director John Egan sold 14,500 shares of the business's stock in a transaction that occurred on 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 owned 98,240 shares in the company, valued at $3,220,307.20. The trade was a 12.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NetScout Systems Stock Down 1.3%

Shares of NASDAQ NTCT traded down $0.42 during mid-day trading on Friday, hitting $32.13. 345,625 shares of the company traded hands, compared to its average volume of 595,285. NetScout Systems, Inc. has a 1 year low of $25.29 and a 1 year high of $45.28. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.26 and a beta of 0.72. The business has a 50 day moving average of $38.19 and a two-hundred day moving average of $36.59.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $222.19 million for the quarter, compared to analysts' expectations of $218.77 million. NetScout Systems had a net margin of 14.62% and a return on equity of 9.63%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NTCT shares. Zacks Research downgraded shares of NetScout Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 8th. Royal Bank Of Canada decreased 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 report on Friday, November 6th. Wall Street Zen downgraded NetScout Systems from a "strong-buy" rating to a "hold" rating in a research report on Saturday, November 7th. Weiss Ratings upgraded NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Finally, B. Riley Financial reissued a "buy" rating and set a $50.00 price objective on shares of NetScout Systems in a research report on Sunday, August 9th. after the company reported F1Q27 results. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $42.50.

Institutional Trading of NetScout Systems

Several hedge funds have recently modified their holdings of NTCT. BlackRock Inc. acquired a new stake in shares of NetScout Systems in the second quarter valued at $498,027,000. Legal & General Group Plc bought a new stake in NetScout Systems during the 2nd quarter worth about $165,970,000. Bank of New York Mellon Corp bought a new stake in NetScout Systems during the 2nd quarter worth about $19,702,000. SEB Asset Management AB bought a new stake in NetScout Systems during the 1st quarter worth about $14,137,000. Finally, Empowered Funds LLC acquired a new stake in NetScout Systems in the 2nd quarter valued at about $14,811,000. Institutional investors and hedge funds own 91.64% of the company's stock.

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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