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NetScout Systems (NASDAQ:NTCT) Insider Jean A. Bua sold 1,667 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $44.93, for a total value of $74,898.31. Following the sale, the insider now directly owns 11,912 shares in the company, valued at approximately $535,206. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. NetScout Systems currently has an average rating of “Hold” and a consensus target price of $45.05.

Shares of NetScout Systems (NASDAQ:NTCT) traded down 0.87% during mid-day trading on Wednesday, hitting $45.58. 84,057 shares of the company’s stock traded hands. NetScout Systems has a 1-year low of $24.04 and a 1-year high of $46.40. The stock’s 50-day moving average is $43.8 and its 200-day moving average is $39.5. The company has a market cap of $1.871 billion and a P/E ratio of 34.81.

NetScout Systems (NASDAQ:NTCT) last released its earnings data on Thursday, July 17th. The company reported $0.36 EPS for the quarter, beating the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. On average, analysts predict that NetScout Systems will post $1.79 earnings per share 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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