Insider Selling: NetScout Systems (NASDAQ:NTCT) COO Sells 2,000 Shares of Stock

by · The Cerbat Gem

NetScout Systems, Inc. (NASDAQ:NTCT – Get Free Report) COO Sanjay Munshi sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total value of $54,460.00. Following the transaction, the chief operating officer owned 6,254 shares of the company’s stock, valued at $170,296.42. This trade represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NetScout Systems Trading Down 0.3%

Shares of NASDAQ NTCT traded down $0.08 during midday trading on Friday, hitting $26.90. The company’s stock had a trading volume of 341,939 shares, compared to its average volume of 524,554. NetScout Systems, Inc. has a 12-month low of $18.12 and a 12-month high of $30.67. The firm has a market cap of $1.94 billion, a P/E ratio of 22.05 and a beta of 0.66. The business’s 50 day moving average is $26.76 and its two-hundred day moving average is $24.70.

NetScout Systems (NASDAQ:NTCT – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. NetScout Systems had a return on equity of 8.16% and a net margin of 10.38%.The company had revenue of $219.02 million during the quarter, compared to analysts’ expectations of $200.60 million. During the same quarter in the previous year, the business earned $0.47 EPS. NetScout Systems’s revenue was up 14.6% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.350-2.45 EPS and its FY 2026 guidance at 2.350-2.45 EPS. On average, analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday. B. Riley began coverage on NetScout Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Royal Bank Of Canada increased their price objective on NetScout Systems from $26.00 to $31.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

View Our Latest Analysis on NTCT

Hedge Funds Weigh In On NetScout Systems

A number of institutional investors and hedge funds have recently bought and sold shares of NTCT. Ameritas Advisory Services LLC acquired a new stake in NetScout Systems in the 2nd quarter valued at about $27,000. Allworth Financial LP boosted its position in shares of NetScout Systems by 1,857.1% during the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,040 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of NetScout Systems in the first quarter valued at about $34,000. Advisory Services Network LLC purchased a new stake in shares of NetScout Systems during the 3rd quarter valued at approximately $35,000. Finally, EverSource Wealth Advisors LLC raised its position in NetScout Systems by 1,936.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,917 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

About NetScout Systems

(Get Free Report)

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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