NetScout Systems COO Sells $69,000 in Stock (NTCT)
NetScout Systems (NASDAQ:NTCT) COO Michael Szabados unloaded 2,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.50, for a total transaction of $69,000.00. Following the sale, the chief operating officer now directly owns 36,779 shares of the company’s stock, valued at approximately $1,268,876. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NetScout Systems (NASDAQ:NTCT) traded down 0.40% during mid-day trading on Wednesday, hitting $34.69. 180,716 shares of the company’s stock traded hands. NetScout Systems has a 52 week low of $21.22 and a 52 week high of $37.38. The stock’s 50-day moving average is $31.25 and its 200-day moving average is $28.11. The company has a market cap of $1.434 billion and a price-to-earnings ratio of 31.35.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.08. The company had revenue of $110.40 million for the quarter, compared to the consensus estimate of $102.87 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Analysts expect that NetScout Systems will post $1.50 EPS for the current fiscal year.
A number of research firms have recently commented on NTCT. Analysts at DA Davidson raised their price target on shares of NetScout Systems from $35.00 to $40.00 in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of NetScout Systems from $31.00 to $32.00 in a research note to investors on Friday, January 24th. Finally, analysts at Needham & Company raised their price target on shares of NetScout Systems from $32.00 to $39.00 in a research note to investors on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.34.
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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