NetScout Systems, Inc. (NASDAQ:NTCT) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.33.

A number of research firms have issued reports on NTCT. BidaskClub lowered NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 17th. ValuEngine lowered NetScout Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

Shares of NASDAQ:NTCT traded up $0.01 during midday trading on Friday, reaching $22.25. The company had a trading volume of 3,768 shares, compared to its average volume of 520,996. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 1.93. NetScout Systems has a 1-year low of $21.19 and a 1-year high of $30.30. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.38 and a beta of 1.33. The company has a fifty day simple moving average of $24.54 and a two-hundred day simple moving average of $26.39.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $186.10 million for the quarter, compared to analyst estimates of $196.98 million. NetScout Systems had a positive return on equity of 3.35% and a negative net margin of 4.51%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. Analysts expect that NetScout Systems will post 0.93 EPS for the current year.

In other news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $22.03, for a total transaction of $66,090.00. Following the sale, the executive vice president now owns 105,854 shares of the company’s stock, valued at approximately $2,331,963.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Szabados sold 6,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.42, for a total value of $134,520.00. Following the sale, the chief operating officer now directly owns 61,093 shares in the company, valued at approximately $1,369,705.06. The disclosure for this sale can be found here. 4.06% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of NetScout Systems by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 19,074 shares of the technology company’s stock worth $484,000 after buying an additional 854 shares during the period. Verition Fund Management LLC bought a new position in shares of NetScout Systems during the 2nd quarter worth approximately $292,000. United Services Automobile Association lifted its position in shares of NetScout Systems by 44.3% during the 2nd quarter. United Services Automobile Association now owns 16,109 shares of the technology company’s stock worth $409,000 after buying an additional 4,948 shares during the period. Susquehanna International Group LLP bought a new position in shares of NetScout Systems during the 2nd quarter worth approximately $807,000. Finally, Nuveen Asset Management LLC bought a new position in shares of NetScout Systems during the 2nd quarter worth approximately $7,926,000. Institutional investors and hedge funds own 98.49% of the company’s stock.

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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