NetScout Systems (NASDAQ:NTCT) Upgraded at B. Riley

B. Riley upgraded shares of NetScout Systems (NASDAQ:NTCT) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

NetScout Systems Stock Up 3.6%

NASDAQ NTCT opened at $24.76 on Monday. The firm has a market cap of $1.78 billion, a PE ratio of 24.76 and a beta of 0.65. The company has a 50 day moving average price of $23.00 and a 200 day moving average price of $22.38. NetScout Systems has a 52 week low of $18.12 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $181.50 million. During the same quarter in the prior year, the business posted $0.28 EPS. NetScout Systems’s revenue for the quarter 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. On average, equities research analysts anticipate that NetScout Systems will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $23.85, for a total transaction of $83,475.00. Following the transaction, the director owned 127,798 shares in the company, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the transaction, the director owned 38,939 shares in the company, valued at $892,092.49. The trade was a 9.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.82% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of NetScout Systems by 1,857.1% in 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. Ameritas Advisory Services LLC purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at $27,000. Ransom Advisory Ltd purchased a new stake in shares of NetScout Systems in the 1st quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,917 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at $76,000. Institutional investors and hedge funds 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.