NetScout Systems (NASDAQ:NTCT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other equities research analysts have also recently weighed in on the company. Lake Street Capital set a $33.00 price objective on NetScout Systems and gave the company a “buy” rating in a research note on Wednesday, December 26th. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Saturday, October 13th. Finally, Craig Hallum set a $25.00 target price on NetScout Systems and gave the stock a “hold” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.25.
NASDAQ NTCT opened at $27.23 on Monday. NetScout Systems has a 1-year low of $21.58 and a 1-year high of $31.77. The company has a market capitalization of $2.12 billion, a PE ratio of 27.51, a PEG ratio of 3.49 and a beta of 1.31. The company has a current ratio of 2.08, a quick ratio of 2.00 and a debt-to-equity ratio of 0.29.
NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. NetScout Systems had a positive return on equity of 2.09% and a negative net margin of 8.32%. The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $237.17 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, research analysts predict that NetScout Systems will post 0.81 earnings per share for the current fiscal year.
In other news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $28.00, for a total value of $98,000.00. Following the completion of the sale, the director now directly owns 113,798 shares of the company’s stock, valued at approximately $3,186,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Downing sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $26.68, for a total value of $80,040.00. Following the completion of the sale, the insider now directly owns 98,366 shares of the company’s stock, valued at $2,624,404.88. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock valued at $333,140 over the last ninety days. 3.93% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in NetScout Systems by 2,038.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 678,701 shares of the technology company’s stock valued at $29,000 after acquiring an additional 646,969 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in NetScout Systems during the 4th quarter valued at approximately $74,000. Dupont Capital Management Corp purchased a new stake in NetScout Systems during the 4th quarter valued at approximately $184,000. First Mercantile Trust Co. raised its stake in NetScout Systems by 38.5% during the 3rd quarter. First Mercantile Trust Co. now owns 7,660 shares of the technology company’s stock valued at $193,000 after acquiring an additional 2,130 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in NetScout Systems during the 4th quarter valued at approximately $217,000.
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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