NetScout Systems, Inc. (NASDAQ:NTCT) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $28.60.

NTCT has been the topic of a number of research reports. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “sell” rating in a report on Thursday, November 2nd. Craig Hallum dropped their target price on NetScout Systems from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. B. Riley reiterated a “buy” rating and issued a $36.00 target price on shares of NetScout Systems in a report on Friday, October 27th. Piper Jaffray Companies initiated coverage on NetScout Systems in a report on Monday, November 13th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $33.00 target price on shares of NetScout Systems in a report on Friday, October 27th.

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 transaction, the insider now owns 43,424 shares in the company, valued at $1,224,122.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total value of $84,510.00. Following the completion of the transaction, the executive vice president now owns 88,821 shares in the company, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. Corporate insiders own 3.51% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in NetScout Systems by 59.0% during the second quarter. Goldman Sachs Group Inc. now owns 3,517,277 shares of the technology company’s stock valued at $120,994,000 after purchasing an additional 1,305,337 shares during the last quarter. Turtle Creek Asset Management Inc. grew its holdings in NetScout Systems by 59.7% during the third quarter. Turtle Creek Asset Management Inc. now owns 3,073,380 shares of the technology company’s stock valued at $99,424,000 after purchasing an additional 1,148,671 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in NetScout Systems by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,941,213 shares of the technology company’s stock valued at $135,580,000 after purchasing an additional 799,553 shares during the last quarter. SQN Investors LP acquired a new position in NetScout Systems during the second quarter valued at approximately $16,269,000. Finally, Koch Industries Inc. acquired a new position in NetScout Systems during the second quarter valued at approximately $368,000.

NetScout Systems (NASDAQ:NTCT) opened at $26.77 on Friday. The firm has a market capitalization of $2,330.00, a PE ratio of 148.72, a PEG ratio of 2.70 and a beta of 1.60. NetScout Systems has a twelve month low of $25.75 and a twelve month high of $38.47. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 0.14.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $256.90 million for the quarter, compared to the consensus estimate of $251.13 million. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. sell-side analysts forecast that NetScout Systems will post 1 earnings per share for the current fiscal year.

NetScout Systems declared that its board has approved a share repurchase program on Thursday, October 26th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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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.

Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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