NetScout Systems (NASDAQ:NTCT) Upgraded by Wall Street Zen to Buy Rating

NetScout Systems (NASDAQ:NTCT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently commented on NTCT. Royal Bank Of Canada lowered their target price on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NetScout Systems currently has an average rating of “Moderate Buy” and an average price target of $31.00.

NetScout Systems Trading Down 0.4%

NetScout Systems stock opened at $29.21 on Friday. The stock has a 50-day moving average price of $28.02 and a 200 day moving average price of $26.74. NetScout Systems has a 52 week low of $18.12 and a 52 week high of $30.67. The stock has a market cap of $2.11 billion, a PE ratio of 22.47 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.14. The company had revenue of $250.68 million for the quarter, compared to analysts’ expectations of $233.69 million. NetScout Systems had a net margin of 11.13% and a return on equity of 8.49%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. NetScout Systems has set its FY 2026 guidance at 2.370-2.450 EPS. On average, equities analysts predict that NetScout Systems will post 1.5 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In related news, Director Christopher Perretta sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $28.01, for a total value of $280,100.00. Following the transaction, the director directly owned 40,866 shares of the company’s stock, valued at approximately $1,144,656.66. This trade represents a 19.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Sanjay Munshi sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total value of $54,460.00. Following the sale, the chief operating officer directly owned 6,254 shares of the company’s stock, valued at approximately $170,296.42. This trade represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,000 shares of company stock worth $424,560 in the last quarter. 3.82% of the stock is owned by insiders.

Hedge Funds Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently modified their holdings of NTCT. Royal Bank of Canada grew its holdings in shares of NetScout Systems by 23.3% during the 1st quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock worth $1,088,000 after purchasing an additional 9,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NetScout Systems by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock valued at $869,000 after buying an additional 2,036 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in NetScout Systems by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after buying an additional 207,807 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NetScout Systems by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock worth $4,481,000 after acquiring an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of NetScout Systems by 64.3% in the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after acquiring an additional 136,253 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

About NetScout Systems

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.