Shares of NetScout Systems, Inc. (NASDAQ:NTCT) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $27.25.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Saturday, October 13th. BidaskClub cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $31.00 price target on shares of NetScout Systems and gave the stock a “buy” rating in a report on Monday, August 13th. Finally, ValuEngine raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday.
In related news, Director Vincent J. Mullarkey sold 26,466 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $24.79, for a total value of $656,092.14. Following the completion of the transaction, the director now directly owns 10,147 shares in the company, valued at $251,544.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Downing sold 3,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,466 shares of company stock worth $1,021,472. Insiders own 3.93% of the company’s stock.
A number of large investors have recently made changes to their positions in NTCT. Dimensional Fund Advisors LP grew its position in NetScout Systems by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,309,070 shares of the technology company’s stock worth $187,381,000 after acquiring an additional 614,013 shares in the last quarter. Millennium Management LLC boosted its position in NetScout Systems by 1,633.8% during the first quarter. Millennium Management LLC now owns 580,175 shares of the technology company’s stock valued at $15,288,000 after buying an additional 546,712 shares during the period. Rice Hall James & Associates LLC purchased a new stake in NetScout Systems during the second quarter valued at about $10,309,000. First Trust Advisors LP boosted its position in NetScout Systems by 54.0% during the second quarter. First Trust Advisors LP now owns 811,075 shares of the technology company’s stock valued at $24,089,000 after buying an additional 284,383 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in NetScout Systems during the second quarter valued at about $7,425,000.
Shares of NTCT stock opened at $23.91 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.90 and a debt-to-equity ratio of 0.29. NetScout Systems has a 1 year low of $21.58 and a 1 year high of $31.95. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.69 and a beta of 1.30.
NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, July 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. NetScout Systems had a net margin of 4.28% and a return on equity of 3.79%. The business had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $210.47 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, sell-side analysts expect that NetScout Systems will post 0.9 EPS for the current fiscal year.
NetScout Systems Company Profile
NetScout Systems, Inc engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies, and telecommunication service providers. The company was founded by Anil K. Singhal and Narendra Popat in June 1984 and is headquartered in Westford, MA.
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