NetScout Systems (NASDAQ:NTCT) Price Target Raised to $25.00

NetScout Systems (NASDAQ:NTCT - Get Free Report) had its price target lifted by stock analysts at Royal Bank of Canada from $22.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "sector perform" rating on the technology company's stock. Royal Bank of Canada's price target points to a potential upside of 3.56% from the company's current price.

Separately, StockNews.com upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 10th.

NetScout Systems Stock Up 0.7 %

Shares of NASDAQ NTCT traded up $0.17 during trading on Friday, hitting $24.14. 539,472 shares of the company traded hands, compared to its average volume of 430,869. NetScout Systems has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -4.12 and a beta of 0.60. The business's fifty day moving average is $22.23 and its 200 day moving average is $21.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. Equities research analysts predict that NetScout Systems will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in NetScout Systems by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock valued at $41,975,000 after acquiring an additional 81,154 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of NetScout Systems by 32.0% during the third quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company's stock worth $10,766,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NetScout Systems by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company's stock worth $22,916,000 after purchasing an additional 207,171 shares during the last quarter. Citigroup Inc. raised its holdings in NetScout Systems by 28.4% in the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company's stock worth $3,551,000 after purchasing an additional 36,075 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in NetScout Systems in the third quarter worth about $1,783,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions 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.