NetScout Systems' (NTCT) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• NetScout Systems has had its "sell (D+)" rating reaffirmed by Weiss Ratings, indicating ongoing negative sentiment towards the stock.
• B. Riley has initiated coverage on NetScout Systems with a "buy" rating and a target price of $33.00, contrasting with the overall consensus rating of "Hold" and a target price of $29.00.
• Despite a slight decline in stock price, NetScout reported earnings of $0.34 EPS for the last quarter, exceeding expectations and achieving a 6.9% increase in revenue year-over-year.

NetScout Systems (NASDAQ:NTCT - Get Free Report)'s stock had its "sell (d+)" rating restated by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

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

NetScout Systems Price Performance

Shares of NTCT traded down $0.02 during mid-day trading on Tuesday, reaching $25.69. 160,210 shares of the company's stock traded hands, compared to its average volume of 524,716. The stock has a market cap of $1.85 billion, a P/E ratio of 25.71 and a beta of 0.72. The stock's 50-day moving average is $24.59 and its two-hundred day moving average is $23.11. NetScout Systems has a 12 month low of $18.12 and a 12 month high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The company had revenue of $186.75 million for the quarter, compared to analysts' expectations of $181.50 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. NetScout Systems's revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Research analysts predict that NetScout Systems will post 1.5 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

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

Institutional Trading of NetScout Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nuveen LLC purchased a new position in NetScout Systems in the 1st quarter worth $13,894,000. LSV Asset Management raised its stake in NetScout Systems by 253.1% in the 1st quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock worth $19,116,000 after acquiring an additional 652,155 shares during the last quarter. Ameriprise Financial Inc. raised its stake in NetScout Systems by 235.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 578,608 shares of the technology company's stock worth $14,355,000 after acquiring an additional 406,004 shares during the last quarter. Penserra Capital Management LLC purchased a new position in NetScout Systems in the 2nd quarter worth $9,801,000. Finally, AQR Capital Management LLC raised its stake in NetScout Systems by 63.0% in the 2nd quarter. AQR Capital Management LLC now owns 724,165 shares of the technology company's stock worth $17,945,000 after acquiring an additional 279,847 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

About NetScout Systems

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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