NetScout Systems, Inc. (NASDAQ:NTCT) Given Average Rating of “Hold” by Analysts
NetScout Systems, Inc. (NASDAQ:NTCT) has been given an average recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $42.00.
A number of equities analysts have commented on NTCT shares. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th. BidaskClub lowered NetScout Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of NetScout Systems in a research note on Wednesday, May 10th.
In other NetScout Systems news, insider John Downing sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $34.60, for a total value of $34,600.00. Following the transaction, the insider now owns 112,215 shares of the company’s stock, valued at $3,882,639. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victor Demarines sold 5,400 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $35.88, for a total value of $193,752.00. Following the completion of the transaction, the director now directly owns 17,732 shares in the company, valued at approximately $636,224.16. The disclosure for this sale can be found here. In the last three months, insiders sold 11,400 shares of company stock worth $402,002. Insiders own 3.30% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. AXA raised its position in shares of NetScout Systems by 371.7% in the first quarter. AXA now owns 50,000 shares of the technology company’s stock valued at $1,898,000 after buying an additional 39,400 shares during the period. Eagle Asset Management Inc. raised its position in shares of NetScout Systems by 14.1% in the first quarter. Eagle Asset Management Inc. now owns 84,602 shares of the technology company’s stock valued at $3,210,000 after buying an additional 10,476 shares during the period. Nationwide Fund Advisors raised its position in shares of NetScout Systems by 10.7% in the first quarter. Nationwide Fund Advisors now owns 606,356 shares of the technology company’s stock valued at $23,011,000 after buying an additional 58,505 shares during the period. Ameriprise Financial Inc. raised its position in shares of NetScout Systems by 0.4% in the first quarter. Ameriprise Financial Inc. now owns 352,345 shares of the technology company’s stock valued at $13,372,000 after buying an additional 1,576 shares during the period. Finally, B. Riley Financial Inc. raised its position in shares of NetScout Systems by 68.4% in the first quarter. B. Riley Financial Inc. now owns 13,094 shares of the technology company’s stock valued at $497,000 after buying an additional 5,320 shares during the period.
NetScout Systems (NASDAQ:NTCT) traded down 1.01% during midday trading on Friday, reaching $34.35. The company’s stock had a trading volume of 217,856 shares. The firm has a market capitalization of $3.15 billion, a PE ratio of 95.42 and a beta of 1.62. The firm has a 50 day moving average price of $35.00 and a 200 day moving average price of $35.67. NetScout Systems has a 1-year low of $26.25 and a 1-year high of $38.47.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $225.80 million for the quarter, compared to analyst estimates of $225.66 million. NetScout Systems had a return on equity of 6.33% and a net margin of 2.84%. NetScout Systems’s quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, analysts predict that NetScout Systems will post $2.00 EPS for the current year.
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About NetScout Systems
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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