NetScout Systems (NASDAQ:NTCT) Rating Increased to Buy at Wall Street Zen

NetScout Systems (NASDAQ:NTCT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on NTCT. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. Royal Bank Of Canada dropped their price objective on NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

NetScout Systems Stock Performance

Shares of NTCT opened at $29.21 on Friday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 22.47 and a beta of 0.64. NetScout Systems has a 1 year low of $18.12 and a 1 year high of $30.67. The company’s fifty day moving average is $28.02 and its two-hundred day moving average is $26.74.

NetScout Systems (NASDAQ:NTCT) last issued its 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 for the quarter, compared to the consensus estimate of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. Sell-side analysts predict that NetScout Systems will post 1.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher Perretta sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $28.01, for a total value of $280,100.00. Following the completion of the transaction, the director directly owned 40,866 shares of the company’s stock, valued at $1,144,656.66. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sanjay Munshi sold 2,000 shares of NetScout Systems stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $27.23, for a total value of $54,460.00. Following the transaction, the chief operating officer directly owned 6,254 shares of the company’s stock, valued at approximately $170,296.42. This represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,000 shares of company stock worth $424,560 in the last quarter. Company insiders own 3.82% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

Large investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in NetScout Systems during the third quarter worth about $118,440,000. Robeco Institutional Asset Management B.V. increased its stake in shares of NetScout Systems by 93.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock worth $42,192,000 after purchasing an additional 753,842 shares in the last quarter. First Trust Advisors LP increased its stake in shares of NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after purchasing an additional 729,632 shares in the last quarter. Millennium Management LLC raised its position in shares of NetScout Systems by 1,361.1% during the 3rd quarter. Millennium Management LLC now owns 747,824 shares of the technology company’s stock worth $19,316,000 after purchasing an additional 696,643 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of NetScout Systems during the 3rd quarter worth approximately $16,091,000. 91.64% of the stock is owned by institutional investors and hedge funds.

About NetScout Systems

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.