NetScout Systems, Inc. (NASDAQ:NTCT)‘s stock had its “hold” rating reaffirmed by stock analysts at KeyCorp in a research report issued on Wednesday.

A number of other brokerages also recently issued reports on NTCT. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of NetScout Systems in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.50.

NetScout Systems (NASDAQ NTCT) traded up 1.98% during mid-day trading on Wednesday, hitting $33.40. The company’s stock had a trading volume of 479,516 shares. NetScout Systems has a 12-month low of $26.25 and a 12-month high of $38.47. The company has a market cap of $2.99 billion, a P/E ratio of 169.54 and a beta of 1.60. The firm’s 50-day moving average is $32.62 and its 200-day moving average is $34.77.

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

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In related news, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total value of $173,000.00. Following the transaction, the insider now directly owns 39,170 shares of the company’s stock, valued at approximately $1,355,282. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.51% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Seven Bridges Advisors LLC acquired a new position in shares of NetScout Systems in the 2nd quarter valued at $109,000. Bank of Montreal Can increased its position in shares of NetScout Systems by 8.9% in the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock valued at $113,000 after acquiring an additional 271 shares during the period. Flinton Capital Management LLC increased its position in shares of NetScout Systems by 74.5% in the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,968 shares during the period. Riverhead Capital Management LLC increased its position in shares of NetScout Systems by 77.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock valued at $177,000 after acquiring an additional 2,258 shares during the period. Finally, First Allied Advisory Services Inc. increased its position in shares of NetScout Systems by 515.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock valued at $200,000 after acquiring an additional 4,950 shares during the period.

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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