NetScout Systems COO Sells $59,860 in Stock (NTCT)
NetScout Systems (NASDAQ:NTCT) COO Michael Szabados unloaded 2,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $29.93, for a total value of $59,860.00. Following the sale, the chief operating officer now directly owns 44,779 shares in the company, valued at approximately $1,340,235. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NetScout Systems (NASDAQ:NTCT) traded down 3.18% on Wednesday, hitting $28.97. The stock had a trading volume of 449,845 shares. NetScout Systems has a 1-year low of $21.22 and a 1-year high of $28.28. The stock’s 50-day moving average is $25.88 and its 200-day moving average is $24.52. The company has a market cap of $1.199 billion and a price-to-earnings ratio of 30.81.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.04. The company had revenue of $92.10 million for the quarter, compared to the consensus estimate of $88.87 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that NetScout Systems will post $1.47 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Needham & Company raised their price target on shares of NetScout Systems from $31.00 to $32.00 in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of NetScout Systems from $29.00 to $31.00 in a research note to investors on Thursday, October 17th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich downgraded shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.34.
NetScout Systems, Inc (NASDAQ:NTCT) designs, develops, manufactures, markets, licenses, sells and supports market application and network performance management and service assurance solutions for the Internet protocol (IP) based service delivery environments.
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