Shares of NetScout Systems, Inc. (NASDAQ:NTCT) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $44.00.
Several equities analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of NetScout Systems in a research note on Wednesday. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th. Finally, Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
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In other news, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $34.73, for a total value of $173,650.00. Following the transaction, the chief operating officer now directly owns 38,257 shares of the company’s stock, valued at approximately $1,328,665.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Downing sold 1,000 shares of NetScout Systems stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $34.60, for a total value of $34,600.00. Following the completion of the transaction, the insider now directly owns 112,215 shares in the company, valued at $3,882,639. The disclosure for this sale can be found here. Insiders sold a total of 16,400 shares of company stock worth $575,002 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of NetScout Systems by 9,990.2% in the first quarter. BlackRock Inc. now owns 10,120,265 shares of the technology company’s stock valued at $384,064,000 after buying an additional 10,019,967 shares during the last quarter. Norges Bank bought a new stake in shares of NetScout Systems during the fourth quarter valued at approximately $23,706,000. Dimensional Fund Advisors LP increased its stake in shares of NetScout Systems by 28.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,141,660 shares of the technology company’s stock valued at $119,226,000 after buying an additional 693,589 shares during the last quarter. ValueAct Holdings L.P. increased its stake in shares of NetScout Systems by 39.8% in the first quarter. ValueAct Holdings L.P. now owns 2,300,000 shares of the technology company’s stock valued at $87,285,000 after buying an additional 655,000 shares during the last quarter. Finally, Credit Suisse AG increased its stake in shares of NetScout Systems by 666.0% in the first quarter. Credit Suisse AG now owns 694,890 shares of the technology company’s stock valued at $26,371,000 after buying an additional 604,179 shares during the last quarter.
Shares of NetScout Systems (NASDAQ:NTCT) traded down 1.44% during mid-day trading on Friday, reaching $34.25. 607,166 shares of the company’s stock were exchanged. NetScout Systems has a 52 week low of $26.25 and a 52 week high of $38.47. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 173.86 and a beta of 1.61. The stock has a 50 day moving average price of $34.87 and a 200 day moving average price of $35.78.
NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $225.80 million for the quarter, compared to analyst estimates of $225.66 million. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The company’s revenue was down 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Equities research analysts predict that NetScout Systems will post $2.00 EPS for the current year.
About NetScout Systems
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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