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

Key Points

• Executive sale: NetScout Systems EVP John Downing sold 8,000 shares at an average price of $38.41, worth $307,280, under a pre-arranged Rule 10b5-1 trading plan. He retained 127,809 shares after the transaction.
• Strong quarterly results: NetScout reported quarterly EPS of $0.52, beating estimates of $0.38, while revenue of $210.42 million exceeded forecasts and rose 12.7% year over year.
• Market and analyst view: Shares recently traded at $39.72, while analysts’ average price target is $35.50 and the consensus rating is “Moderate Buy.” Institutional investors own 91.64% of the company.

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) EVP John Downing sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the transaction, the executive vice president directly owned 127,809 shares of the company's stock, valued at approximately $4,909,143.69. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Downing also recently made the following trade(s):

• On Monday, June 8th, John Downing sold 8,000 shares of NetScout Systems stock. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00.

NetScout Systems Price Performance

NASDAQ NTCT traded up $0.23 on Thursday, hitting $39.72. The company had a trading volume of 554,321 shares, compared to its average volume of 600,607. The company's fifty day moving average price is $41.00 and its 200-day moving average price is $35.69. The company has a market capitalization of $2.89 billion, a PE ratio of 24.22 and a beta of 0.69. NetScout Systems, Inc. has a 12-month low of $22.20 and a 12-month high of $45.28.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.14. The business had revenue of $210.42 million for the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts anticipate that NetScout Systems, Inc. will post 2.06 EPS for the current year.

Institutional Investors Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently made changes to their positions in NTCT. BlackRock Inc. acquired a new position in shares of NetScout Systems in the 2nd quarter valued at $498,027,000. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 110,702 shares during the last quarter. State Street Corp raised its holdings in NetScout Systems by 1.7% in the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company's stock valued at $82,962,000 after buying an additional 51,835 shares during the period. First Trust Advisors LP raised its holdings in NetScout Systems by 40.8% in the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company's stock valued at $68,184,000 after buying an additional 729,632 shares during the period. Finally, LSV Asset Management lifted its position in NetScout Systems by 34.6% in the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company's stock valued at $61,914,000 after buying an additional 588,022 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on NetScout Systems from $29.00 to $38.00 and gave the company a "sector perform" rating in a research report on Friday, May 8th. Zacks Research downgraded NetScout Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 9th. Wall Street Zen upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of NetScout Systems in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.50.

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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