NetScout Systems, Inc. (NASDAQ:NTCT) has received an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.33.

A number of equities analysts have commented on the company. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of NetScout Systems in a report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. Zacks Investment Research cut NetScout Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, KeyCorp reissued a “hold” rating on shares of NetScout Systems in a report on Wednesday, October 11th.

NetScout Systems (NASDAQ:NTCT) opened at $29.10 on Friday. The firm has a market cap of $2,605.56, a P/E ratio of 22.05, a P/E/G ratio of 1.74 and a beta of 1.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.60 and a quick ratio of 1.51.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, October 26th. The technology company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The business had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $251.13 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. research analysts anticipate that NetScout Systems will post 1.59 earnings per share for the current fiscal year.

NetScout Systems announced that its board has approved a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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In related news, insider Michael Szabados sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the sale, the insider now owns 43,424 shares of the company’s stock, valued at $1,224,122.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total value of $84,510.00. Following the completion of the sale, the executive vice president now directly owns 88,821 shares of the company’s stock, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Seven Bridges Advisors LLC purchased a new position in NetScout Systems in the second quarter worth approximately $109,000. Bank of Montreal Can grew its position 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 period. Flinton Capital Management LLC grew its position 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 period. Riverhead Capital Management LLC grew its position 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 period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of NetScout Systems during the first quarter worth $220,000.

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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