NetScout Systems, Inc. (NASDAQ:NTCT) has received an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $44.00.

A number of research firms have recently weighed in on NTCT. B. Riley reissued a “buy” rating and issued a $42.00 target price on shares of NetScout Systems in a research note on Wednesday, May 10th. BidaskClub lowered NetScout Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research lowered NetScout Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th.

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In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the completion of the transaction, the insider now owns 39,170 shares of the company’s stock, valued at approximately $1,355,282. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in NetScout Systems by 9,990.2% in the first quarter. BlackRock Inc. now owns 10,120,265 shares of the technology company’s stock worth $384,064,000 after buying an additional 10,019,967 shares during the last quarter. Goldman Sachs Group Inc. raised its position in NetScout Systems by 59.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,517,277 shares of the technology company’s stock worth $120,994,000 after buying an additional 1,305,337 shares during the last quarter. Dimensional Fund Advisors LP raised its position in NetScout Systems by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,941,213 shares of the technology company’s stock worth $135,580,000 after buying an additional 799,553 shares during the last quarter. ValueAct Holdings L.P. raised its position in NetScout Systems by 39.8% in the first quarter. ValueAct Holdings L.P. now owns 2,300,000 shares of the technology company’s stock worth $87,285,000 after buying an additional 655,000 shares during the last quarter. Finally, Credit Suisse AG raised its position in NetScout Systems by 666.0% in the first quarter. Credit Suisse AG now owns 694,890 shares of the technology company’s stock worth $26,371,000 after buying an additional 604,179 shares during the last quarter.

NetScout Systems (NASDAQ:NTCT) opened at 32.55 on Tuesday. The firm has a 50-day moving average price of $34.00 and a 200 day moving average price of $35.90. The company has a market capitalization of $2.91 billion, a P/E ratio of 165.23 and a beta of 1.61. NetScout Systems has a 52-week low of $26.25 and a 52-week high of $38.47.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The company had revenue of $225.80 million during the quarter, compared to analyst estimates of $225.66 million. During the same quarter in the previous year, the company posted $0.28 EPS. NetScout Systems’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, analysts predict that NetScout Systems will post $2.06 earnings per share for the current fiscal year.

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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