John Downing Sells Shares of NetScout Systems
NetScout EVP John Downing sold 2,305 shares for over $91,000 on June 19.
Key Points
- John Downing, EVP at NetScout Systems, sold 2,305 shares valued at $91,439.35 on June 19, 2026.
- NetScout Systems, trading at $40.35, has a market cap of $2.88 billion and a P/E ratio of 31.04.
- BlackRock grew its NetScout holdings slightly, while Vanguard opened a new position with 5.5 million shares.
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John Downing, the Executive Vice President of World-Wide Sales at NetScout Systems, Inc. (NasdaqGS: NTCT), sold 2,305 shares of the company on June 19, 2026. The shares were sold at an average price of $39.67 each, totaling $91,439.35. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at NetScout Systems, Inc.
Besides John Downing, several other insiders at NetScout were active on June 19, 2026. Anil Singhal, the company's President and CEO, both bought and sold shares, purchasing 10,368 shares and selling 4,609 shares. Michael Szabados also sold 6,048 shares on the same day. These transactions were not conducted under Rule 10b5-1 plans.
Other Institutional Activity in NetScout Systems
In recent institutional activity, BlackRock, Inc. grew its holdings in NetScout by 21,275 shares, bringing its total to about 11.4 million shares worth $362.1 million. Vanguard Portfolio Management LLC opened a new position with 5.5 million shares valued at roughly $175.8 million. Dimensional Fund Advisors LP increased its stake by 110,702 shares to hold 4.3 million shares worth approximately $135.4 million. Legal & General Group PLC reduced its position by 225,831 shares, leaving it with 3.6 million shares valued at $115.6 million. State Street Corp added 211,596 shares, totaling 3.3 million shares valued at $104.2 million.
NetScout Systems, Inc. Stock Up 1.7%
Shares of NetScout Systems traded near $40.35 on Wednesday. The company, which is part of the Technology sector and operates within the Software - Infrastructure industry, has a market capitalization of about $2.88 billion. It has a price-to-earnings (P/E) ratio of 31.04 and a forward P/E of 14.45. The stock's 52-week range is between $20.39 and $43.80. Its 50-day moving average is $37.61, while the 200-day moving average is $30.27. NetScout has a current ratio of 1.85 and a quick ratio of 1.74, with a debt-to-equity ratio of 2.40.
$NTCT stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 8, 2026, RBC Capital maintained its 'hold' rating on NetScout Systems and set a price target of $38. The stock's average target price is $41.71, based on three analyst opinions.
About NetScout Systems
NetScout Systems, Inc., headquartered in Westford, Massachusetts, offers solutions for carrier service assurance, cybersecurity, and defense against Distributed Denial-of-Service (DDoS) attacks. The company's products include nGeniusONE management software, Omnis Insights, and various cybersecurity solutions under the Arbor brand. NetScout serves a diverse range of industries, including financial services, healthcare, and telecommunications, through its direct sales force and distribution channels. Founded in 1984, the company employs over 2,000 people and is led by CEO Anil K. Singhal.
Bottom Line
John Downing's recent sale of NetScout shares is part of regular insider activity, reflecting ongoing movements within the company's leadership. Investors often monitor such transactions for potential insights into the company's operations. However, insider sales do not necessarily indicate negative sentiment. NetScout remains a significant player in the technology sector, with a solid market presence and a range of offerings in network assurance and cybersecurity.
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