Shares of NetScout Systems, Inc. (NASDAQ:NTCT) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $29.75.
Several research firms have commented on NTCT. BidaskClub upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. ValuEngine upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Craig Hallum set a $25.00 price objective on shares of NetScout Systems and gave the company a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Saturday, October 13th. Finally, Lake Street Capital set a $33.00 target price on shares of NetScout Systems and gave the company a “buy” rating in a research report on Wednesday, December 26th.
Shares of NASDAQ NTCT traded up $0.45 during mid-day trading on Friday, hitting $25.18. The company’s stock had a trading volume of 726,700 shares, compared to its average volume of 694,763. The firm has a market capitalization of $1.92 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.92 and a beta of 1.12. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 0.29. NetScout Systems has a one year low of $21.58 and a one year high of $31.77.
In other news, COO Michael Szabados sold 6,000 shares of NetScout Systems stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $27.80, for a total transaction of $166,800.00. Following the completion of the sale, the chief operating officer now owns 44,080 shares in the company, valued at approximately $1,225,424. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph G. Hadzima, Jr. sold 1,750 shares of NetScout Systems stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $26.35, for a total value of $46,112.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,500 shares of company stock worth $341,375. Company insiders own 3.93% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in NetScout Systems by 560.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 228,685 shares of the technology company’s stock worth $6,794,000 after acquiring an additional 194,082 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of NetScout Systems by 6.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 603,695 shares of the technology company’s stock worth $17,930,000 after acquiring an additional 35,926 shares during the period. Swiss National Bank increased its stake in shares of NetScout Systems by 3.1% during the 2nd quarter. Swiss National Bank now owns 151,928 shares of the technology company’s stock worth $4,512,000 after purchasing an additional 4,500 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of NetScout Systems by 0.7% during the 2nd quarter. BlackRock Inc. now owns 9,634,062 shares of the technology company’s stock worth $286,131,000 after buying an additional 64,318 shares during the period. Finally, Legal & General Group Plc boosted its holdings in NetScout Systems by 9.6% in the 2nd quarter. Legal & General Group Plc now owns 105,570 shares of the technology company’s stock valued at $3,136,000 after purchasing an additional 9,255 shares during the period.
About NetScout Systems
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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