Royal Bank of Canada Boosts NetScout Systems (NASDAQ:NTCT) Price Target to $25.00

NetScout Systems (NASDAQ:NTCT) had its price objective increased by Royal Bank of Canada from $22.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 4.87% from the company’s current price.

Separately, StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

NetScout Systems Price Performance

Shares of NTCT stock opened at $23.84 on Friday. The business has a fifty day simple moving average of $22.19 and a 200 day simple moving average of $21.14. The company has a market cap of $1.71 billion, a P/E ratio of -2.84 and a beta of 0.58. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. NetScout Systems has a twelve month low of $17.10 and a twelve month high of $27.89.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 76.14% and a positive return on equity of 5.31%. On average, sell-side analysts forecast that NetScout Systems will post 1.6 EPS for the current fiscal year.

Institutional Trading of NetScout Systems

Several institutional investors and hedge funds have recently modified their holdings of NTCT. Quarry LP boosted its holdings in NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,150 shares during the last quarter. FMR LLC lifted its position in shares of NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after buying an additional 477 shares in the last quarter. KBC Group NV boosted its stake in shares of NetScout Systems by 52.4% in the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after buying an additional 1,066 shares during the last quarter. Covestor Ltd grew its holdings in shares of NetScout Systems by 25.7% in the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock valued at $78,000 after acquiring an additional 737 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of NetScout Systems by 203.8% during the third quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company’s stock valued at $138,000 after acquiring an additional 4,252 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

About NetScout Systems

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.