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NetScout Systems (NASDAQ:NTCT) Insider Jean A. Bua unloaded 1,667 shares of NetScout Systems stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $44.93, for a total transaction of $74,898.31. Following the completion of the transaction, the insider now directly owns 11,912 shares in the company, valued at approximately $535,206. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NTCT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of NetScout Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $48.30 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of NetScout Systems from $45.00 to $54.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of NetScout Systems from $46.00 to $52.00 in a research note on Tuesday, July 8th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.05.

NetScout Systems (NASDAQ:NTCT) traded up 2.27% on Monday, hitting $45.02. The stock had a trading volume of 251,121 shares. NetScout Systems has a 52-week low of $24.04 and a 52-week high of $46.40. The stock’s 50-day moving average is $43.77 and its 200-day moving average is $39.45. The company has a market cap of $1.848 billion and a P/E ratio of 33.32.

NetScout Systems (NASDAQ:NTCT) last released its earnings data on Thursday, July 17th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.09. The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $96.80 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis. Analysts expect that NetScout Systems will post $1.79 EPS for the current fiscal year.

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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