NetScout Systems, Inc. (NTCT) Receives Consensus Rating of “Hold” from Brokerages
NetScout Systems, Inc. (NASDAQ:NTCT) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $39.50.
Several research firms have recently commented on NTCT. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of NetScout Systems in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th.
NetScout Systems (NTCT) opened at 33.05 on Wednesday. NetScout Systems has a one year low of $26.25 and a one year high of $38.47. The company’s 50-day moving average is $32.62 and its 200 day moving average is $34.79. The company has a market capitalization of $2.96 billion, a P/E ratio of 167.77 and a beta of 1.60.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The business had revenue of $225.80 million during the quarter, compared to analyst estimates of $225.66 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was down 16.1% compared to the same quarter last year. On average, equities analysts anticipate that NetScout Systems will post $2.06 earnings per share for the current year.
In other news, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total value of $173,000.00. Following the completion of the transaction, the insider now owns 39,170 shares of the company’s stock, valued at $1,355,282. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.51% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Bridges Advisors LLC purchased a new position in shares of NetScout Systems in the second quarter valued at approximately $109,000. Bank of Montreal Can lifted its stake in NetScout Systems by 8.9% in the second quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after acquiring an additional 271 shares during the last quarter. Flinton Capital Management LLC lifted its stake in NetScout Systems by 74.5% in the second quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,968 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in NetScout Systems by 77.9% in the second quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock worth $177,000 after acquiring an additional 2,258 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in NetScout Systems in the first quarter worth approximately $220,000.
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NetScout Systems Company Profile
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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