John Downing Sells 3,000 Shares of NetScout Systems (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the sale, the executive vice president directly owned 129,494 shares of the company’s stock, valued at $3,884,820. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

NetScout Systems Price Performance

Shares of NTCT stock opened at $28.62 on Wednesday. The company has a market capitalization of $2.07 billion, a PE ratio of 22.02 and a beta of 0.64. The firm’s 50-day moving average is $27.92 and its two-hundred day moving average is $26.65. NetScout Systems, Inc. has a 12 month low of $18.12 and a 12 month high of $30.67.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Institutional Trading of NetScout Systems

Hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its position in NetScout Systems by 604.8% in the 3rd quarter. AlphaQuest LLC now owns 50,255 shares of the technology company’s stock valued at $1,298,000 after buying an additional 43,125 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of NetScout Systems by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 477,424 shares of the technology company’s stock valued at $11,845,000 after purchasing an additional 39,347 shares in the last quarter. Leuthold Group LLC purchased a new position in NetScout Systems in the third quarter valued at about $3,199,000. Y Intercept Hong Kong Ltd raised its holdings in NetScout Systems by 143.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 33,076 shares of the technology company’s stock worth $854,000 after purchasing an additional 19,473 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of NetScout Systems by 14.2% in the 2nd quarter. Acadian Asset Management LLC now owns 610,445 shares of the technology company’s stock worth $15,138,000 after buying an additional 75,786 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTCT has been the subject of a number of research analyst reports. Wall Street Zen cut NetScout Systems from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a report on Monday, December 29th. Finally, Royal Bank Of Canada dropped their price objective on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetScout Systems has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.