Hsbc Holdings PLC Purchases New Holdings in NetScout Systems, Inc. $NTCT

Hsbc Holdings PLC purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 147,138 shares of the technology company’s stock, valued at approximately $6,415,000. Hsbc Holdings PLC owned 0.20% of NetScout Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NTCT. ProShare Advisors LLC increased its position in shares of NetScout Systems by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 13,587 shares of the technology company’s stock valued at $368,000 after purchasing an additional 437 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of NetScout Systems by 147.2% in the 4th quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock worth $27,000 after buying an additional 602 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of NetScout Systems by 6.2% in the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock worth $262,000 after buying an additional 615 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in NetScout Systems by 14.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after buying an additional 618 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in NetScout Systems by 92.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after buying an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Szabados sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the sale, the director directly owned 41,654 shares in the company, valued at approximately $1,570,355.80. The trade was a 8.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Downing sold 8,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.41, for a total value of $307,280.00. Following the sale, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This trade represents a 5.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,269 shares of company stock worth $869,504 over the last 90 days. Corporate insiders own 4.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NTCT. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada upped their price objective on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

NetScout Systems Stock Down 1.0%

NTCT opened at $39.06 on Friday. The firm has a 50-day moving average price of $40.56 and a 200-day moving average price of $36.55. NetScout Systems, Inc. has a twelve month low of $24.27 and a twelve month high of $45.28. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.82 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The company had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. During the same period in the prior year, the company posted $0.34 EPS. NetScout Systems’s revenue was up 12.7% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, sell-side analysts expect that NetScout Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

NetScout Systems Profile

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.