NetScout Systems (NASDAQ:NTCT) was downgraded by equities research analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a $28.00 price target on the technology company’s stock. Lake Street Capital’s price objective would suggest a potential upside of 9.98% from the stock’s current price.
Several other equities research analysts also recently weighed in on NTCT. Zacks Investment Research downgraded shares of NetScout Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, June 3rd. BidaskClub lowered NetScout Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Royal Bank of Canada boosted their price target on NetScout Systems from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. NetScout Systems currently has an average rating of “Hold” and a consensus target price of $25.25.
NASDAQ NTCT opened at $25.46 on Thursday. NetScout Systems has a 12 month low of $19.11 and a 12 month high of $29.62. The company has a current ratio of 1.76, a quick ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $25.69 and its 200-day moving average price is $25.76. The stock has a market cap of $1.89 billion, a P/E ratio of 23.21, a P/E/G ratio of 4.40 and a beta of 1.08.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.16. The company had revenue of $183.82 million for the quarter, compared to analysts’ expectations of $184.10 million. NetScout Systems had a net margin of 1.03% and a return on equity of 4.24%. As a group, analysts forecast that NetScout Systems will post 1.16 earnings per share for the current fiscal year.
In other NetScout Systems news, EVP John Downing sold 11,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $25.76, for a total transaction of $283,360.00. Following the completion of the sale, the executive vice president now owns 86,945 shares of the company’s stock, valued at $2,239,703.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Szabados sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $25.97, for a total value of $155,820.00. Following the completion of the transaction, the chief operating officer now directly owns 37,230 shares in the company, valued at approximately $966,863.10. The disclosure for this sale can be found here. 4.36% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. bought a new stake in NetScout Systems during the 1st quarter valued at approximately $56,000. Strs Ohio boosted its stake in NetScout Systems by 1,550.0% during the first quarter. Strs Ohio now owns 3,300 shares of the technology company’s stock valued at $78,000 after buying an additional 3,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NetScout Systems by 38.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,822 shares of the technology company’s stock valued at $138,000 after buying an additional 1,603 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in NetScout Systems by 13.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,827 shares of the technology company’s stock worth $138,000 after acquiring an additional 689 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in shares of NetScout Systems during the 1st quarter worth approximately $188,000. Institutional investors own 96.15% of the company’s stock.
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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