NetScout Systems (NASDAQ:NTCT) Shares Cross Above 200-Day Moving Average - Time to Sell?

Shares of NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.81 and traded as high as $25.87. NetScout Systems shares last traded at $25.83, with a volume of 352,986 shares changing hands.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of NetScout Systems in a research report on Tuesday, August 26th. They issued a "buy" rating and a $33.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $29.00.

NetScout Systems Stock Performance

The company has a market cap of $1.86 billion, a PE ratio of 25.83 and a beta of 0.73. The company's 50-day simple moving average is $23.79 and its 200 day simple moving average is $22.81.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 EPS 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 analysts' expectations of $181.50 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In other news, Director Alfred Grasso sold 5,644 shares of NetScout Systems stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.44, for a total transaction of $137,939.36. Following the completion of the sale, the director directly owned 33,000 shares of the company's stock, valued at approximately $806,520. The trade was a 14.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.91, for a total transaction of $91,640.00. Following the sale, the director directly owned 38,939 shares of the company's stock, valued at approximately $892,092.49. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,000 shares of company stock valued at $358,873. Corporate insiders own 3.82% of the company's stock.

Institutional Investors Weigh In On NetScout Systems

Several institutional investors have recently modified their holdings of NTCT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NetScout Systems by 7.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,172 shares of the technology company's stock worth $4,292,000 after acquiring an additional 13,970 shares in the last quarter. GAMMA Investing LLC raised its stake in NetScout Systems by 1,658.0% during the 1st quarter. GAMMA Investing LLC now owns 18,195 shares of the technology company's stock worth $382,000 after acquiring an additional 17,160 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in NetScout Systems by 4.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 68,082 shares of the technology company's stock worth $1,430,000 after acquiring an additional 2,988 shares in the last quarter. SG Americas Securities LLC raised its stake in NetScout Systems by 94.6% during the 1st quarter. SG Americas Securities LLC now owns 31,759 shares of the technology company's stock worth $667,000 after acquiring an additional 15,443 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in NetScout Systems by 39.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock worth $24,211,000 after acquiring an additional 328,468 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Company Profile

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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