NetScout Systems (NTCT) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of NetScout Systems (NASDAQ:NTCT) from a hold rating to a buy rating in a research report sent to investors on Thursday.

A number of other brokerages also recently commented on NTCT. Zacks Investment Research upgraded shares of NetScout Systems from a sell rating to a hold rating in a report on Wednesday, July 25th. BidaskClub downgraded shares of NetScout Systems from a hold rating to a sell rating in a report on Tuesday, July 31st. Finally, 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. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. NetScout Systems presently has a consensus rating of Buy and a consensus target price of $27.50.

NTCT traded up $0.35 during midday trading on Thursday, reaching $28.99. 693,279 shares of the company’s stock were exchanged, compared to its average volume of 1,024,959. The company has a current ratio of 2.00, a quick ratio of 1.90 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.01 billion, a P/E ratio of 29.28, a PEG ratio of 2.78 and a beta of 1.30. NetScout Systems has a 1-year low of $21.58 and a 1-year high of $31.95.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.21. The business had revenue of $224.00 million during the quarter, compared to the consensus estimate of $218.30 million. NetScout Systems had a net margin of 4.28% and a return on equity of 3.79%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, analysts forecast that NetScout Systems will post 0.9 EPS for the current fiscal year.

In related news, Director Vincent J. Mullarkey sold 26,466 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 10,147 shares in the company, valued at $251,544.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were 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. Over the last quarter, insiders have sold 35,466 shares of company stock valued at $886,672. Insiders own 3.93% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Washington Capital Management Inc. grew its holdings in NetScout Systems by 16.7% in the second quarter. Washington Capital Management Inc. now owns 17,500 shares of the technology company’s stock valued at $520,000 after purchasing an additional 2,500 shares during the period. Xact Kapitalforvaltning AB grew its holdings in NetScout Systems by 28.9% in the first quarter. Xact Kapitalforvaltning AB now owns 12,032 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,700 shares during the period. OppenheimerFunds Inc. grew its holdings in NetScout Systems by 18.8% in the second quarter. OppenheimerFunds Inc. now owns 22,897 shares of the technology company’s stock valued at $680,000 after purchasing an additional 3,623 shares during the period. Teton Advisors Inc. grew its holdings in NetScout Systems by 7.1% in the third quarter. Teton Advisors Inc. now owns 55,550 shares of the technology company’s stock valued at $1,403,000 after purchasing an additional 3,700 shares during the period. Finally, UBS Group AG grew its holdings in NetScout Systems by 45.7% in the first quarter. UBS Group AG now owns 13,013 shares of the technology company’s stock valued at $343,000 after purchasing an additional 4,084 shares during the period.

NetScout Systems Company Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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