Analysts Set NetScout Systems, Inc. (NTCT) Target Price at $28.33

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.33.

NTCT has been the subject of several recent analyst reports. Zacks Investment Research lowered NetScout Systems from a “hold” rating to a “strong sell” rating in a report on Friday, May 11th. ValuEngine lowered NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, DA Davidson reissued a “hold” rating on shares of NetScout Systems in a report on Monday, May 7th.

In related news, insider John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jean A. Bua sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $27.22, for a total value of $136,100.00. Following the transaction, the insider now owns 57,602 shares of the company’s stock, valued at approximately $1,567,926.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,000 shares of company stock valued at $348,900. 3.93% of the stock is owned by insiders.



Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of NetScout Systems by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,309,070 shares of the technology company’s stock valued at $187,381,000 after buying an additional 614,013 shares during the last quarter. Millennium Management LLC lifted its holdings in NetScout Systems by 1,633.8% in the first quarter. Millennium Management LLC now owns 580,175 shares of the technology company’s stock valued at $15,288,000 after acquiring an additional 546,712 shares during the period. Rice Hall James & Associates LLC bought a new position in NetScout Systems in the second quarter valued at about $10,309,000. BlackRock Inc. lifted its holdings in NetScout Systems by 3.2% in the first quarter. BlackRock Inc. now owns 9,569,744 shares of the technology company’s stock valued at $252,163,000 after acquiring an additional 295,793 shares during the period. Finally, First Trust Advisors LP lifted its holdings in NetScout Systems by 54.0% in the second quarter. First Trust Advisors LP now owns 811,075 shares of the technology company’s stock valued at $24,089,000 after acquiring an additional 284,383 shares during the period.

Shares of NetScout Systems traded down $0.40, reaching $26.05, during mid-day trading on Tuesday, according to Marketbeat.com. 469,774 shares of the company’s stock were exchanged, compared to its average volume of 863,841. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 2.88 and a beta of 1.36. NetScout Systems has a 52 week low of $23.15 and a 52 week high of $34.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.00 and a quick ratio of 1.90.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, July 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. NetScout Systems had a return on equity of 3.79% and a net margin of 4.28%. The business had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $210.47 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. research analysts expect that NetScout Systems will post 0.92 EPS for the current fiscal year.

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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Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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