Insider Selling: Jean A. Bua Sells 1,666 Shares of NetScout Systems Stock (NTCT)
NetScout Systems (NASDAQ:NTCT) Insider Jean A. Bua unloaded 1,666 shares of NetScout Systems stock on the open market in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $39.07, for a total transaction of $65,090.62. Following the completion of the transaction, the insider now directly owns 15,246 shares in the company, valued at approximately $595,661. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NetScout Systems (NASDAQ:NTCT) traded up 2.73% during mid-day trading on Wednesday, hitting $39.89. The stock had a trading volume of 293,572 shares. NetScout Systems has a one year low of $22.71 and a one year high of $40.94. The stock has a 50-day moving average of $37.04 and a 200-day moving average of $33.91. The company has a market cap of $1.645 billion and a P/E ratio of 33.19.
NetScout Systems (NASDAQ:NTCT) last released its earnings data on Thursday, April 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.03. The company had revenue of $112.50 million for the quarter, compared to the consensus estimate of $109.35 million. During the same quarter last year, the company posted $0.43 earnings per share. NetScout Systems’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that NetScout Systems will post $1.78 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 $40.00 to $45.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Separately, analysts at Wunderlich upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $46.00 price target on the stock, up previously from $35.00. Finally, analysts at Davidson downgraded shares of NetScout Systems from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.28.
NetScout Systems, Inc (NASDAQ:NTCT), designs, develops, manufactures, markets, licenses, sells and supports application and network performance management and service assurance solutions focused on assuring service delivery quality, performance and availability for some of the complex Internet protocol (IP) based service delivery environments.
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