NetScout Systems NTCT Receives 'Buy' Upgrade from StockNews.com

Investors and analysts following NetScout Systems, Inc. NTCT received notable news on Nov 11th, 2023, as the company's stock was upgraded from a 'hold' to a 'buy' rating by the analytical team at StockNews.com. This upgrade could spell potential optimism for the company's future market performance.

Current Financial Standing of NetScout Systems

On the financial front, shares of NetScout Systems NTCT were recorded opening at $20.44, indicating a slight ascent of 1.0%. The company has shown a mix in its financial indicators with a fifty day moving average standing at $25.38, while the 200 day moving average is noted at $27.95. The fluctuating stock prices have registered a 52 week low of $20.07 and a peak of $38.02, revealing the volatility and the range within which the stock has been trading over the past year. The metrics of the company include a quick ratio of 1.46, a current ratio of 1.51, and a notably low debt-to-equity ratio of 0.05. With a market capitalization of approximately $1.45 billion and a beta of 0.75, the company holds a price-to-earnings ratio of 22.71.

Insider Transactions at NetScout Systems

NetScout Systems has also seen movements within its internal stakeholders' activities, with Director Joseph G. Hadzima, Jr. selling 7,000 shares of the company’s stock at an average price of $27.82 in September. Post-transaction, the director now owns 131,298 shares, the value of which is approximately $3,652,710.36. This insider move demonstrates confidence and the sustained financial interests in the company's progress and stability. All insider transactions are documented and available through SEC filings.

Institutional Investment in NetScout Systems

Several hedge funds and institutional investors have adjusted their stakes in NTCT. Notably, Parallel Advisors LLC increased its position by 172.7% in the second quarter, now holding 949 shares valued at about $29,000. In complementary movements, Belpointe Asset Management LLC boosted its holdings by 157.2% in the first quarter to 980 shares, and Ameritas Advisory Services LLC initiated a new position around the same time. Lazard Asset Management LLC and Quadrant Capital Group LLC also increased their investments in NetScout Systems in the subsequent quarter. Presently, approximately 91.64% of NetScout Systems stock is owned by institutional investors, a testament to its perceived stability and potential for growth.

About NetScout Systems

Headquartered in Westford, Massachusetts, NetScout Systems, Inc. is renowned for its service security and cybersecurity solutions. These offerings are designed to shield digital business services from disruptions that could compromise their operations and integrity. The company operates across multiple regions including the United States, Europe, and Asia Pacific, and has built a reputation for delivering robust management software and analysis tools critical in optimizing network infrastructures and resolving service delivery issues.

NetScout, Stock, Upgrade, Buy, StockNews, Rating