Sanjay Munshi Sells 2,269 Shares of NetScout Systems (NASDAQ:NTCT) Stock

Key Points

• COO Sanjay Munshi sold 2,269 NetScout shares for approximately $89,104 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 25.22% to 6,729 shares.
• NetScout shares recently traded at $38.35, down 1.5%, while the company reported quarterly EPS of $0.52 and revenue of $210.42 million, exceeding analyst expectations and marking 12.7% year-over-year revenue growth.
• Institutional investors own 91.64% of the stock, and analysts maintain a “Moderate Buy” consensus with an average price target of $35.50, below the recent share price.

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) COO Sanjay Munshi sold 2,269 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $89,103.63. Following the transaction, the chief operating officer directly owned 6,729 shares in the company, valued at approximately $264,247.83. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NetScout Systems Trading Down 1.5%

Shares of NASDAQ:NTCT traded down $0.59 on Wednesday, reaching $38.35. 645,569 shares of the company's stock were exchanged, compared to its average volume of 601,117. NetScout Systems, Inc. has a twelve month low of $22.47 and a twelve month high of $45.28. The company has a fifty day moving average of $40.88 and a 200-day moving average of $36.01. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.38 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities research analysts forecast that NetScout Systems, Inc. will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On NetScout Systems

A number of hedge funds have recently added to or reduced their stakes in NTCT. Royal Bank of Canada raised its holdings in shares of NetScout Systems by 23.3% in the 1st quarter. Royal Bank of Canada now owns 51,798 shares of the technology company's stock worth $1,088,000 after purchasing an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NetScout Systems by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company's stock valued at $869,000 after purchasing an additional 2,036 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in NetScout Systems by 17.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company's stock worth $29,844,000 after purchasing an additional 207,807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in NetScout Systems by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company's stock valued at $4,481,000 after buying an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of NetScout Systems by 64.3% during the first quarter. Jane Street Group LLC now owns 348,209 shares of the technology company's stock valued at $7,316,000 after buying an additional 136,253 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NTCT shares. Zacks Research cut shares of NetScout Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. Wall Street Zen raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada upped their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a "sector perform" rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.50.

NetScout Systems Company Profile

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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