Weiss Ratings Reaffirms “Sell (D+)” Rating for NetScout Systems (NASDAQ:NTCT)

NetScout Systems (NASDAQ:NTCT)‘s stock had its “sell (d+)” rating restated by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

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

NetScout Systems Trading Up 1.9%

NetScout Systems stock opened at $26.17 on Tuesday. The company’s 50-day moving average price is $24.77 and its two-hundred day moving average price is $23.15. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 26.17 and a beta of 0.72. NetScout Systems has a 52 week low of $18.12 and a 52 week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $181.50 million. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. Research analysts expect that NetScout Systems will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other news, Director Michael Szabados sold 4,000 shares of the business’s 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 in the company, valued at approximately $892,092.49. The trade was a 9.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alfred Grasso sold 5,644 shares of the business’s 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 owned 33,000 shares in the company, valued at $806,520. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock worth $358,873 in the last 90 days. 3.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NetScout Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of NetScout Systems by 81.3% in the 3rd quarter. CWM LLC now owns 45,084 shares of the technology company’s stock valued at $1,165,000 after purchasing an additional 20,223 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in NetScout Systems during the 3rd quarter worth about $1,242,000. Wedge Capital Management L L P NC lifted its position in NetScout Systems by 42.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 98,185 shares of the technology company’s stock worth $2,536,000 after buying an additional 29,322 shares in the last quarter. Public Sector Pension Investment Board lifted its position in NetScout Systems by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 243,212 shares of the technology company’s stock worth $6,034,000 after buying an additional 15,696 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in NetScout Systems by 277.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,171 shares of the technology company’s stock worth $178,000 after buying an additional 5,270 shares in the last quarter. 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.