NetScout Systems, Inc. $NTCT Stake Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,668 shares of the technology company’s stock after selling 16,628 shares during the period. Hsbc Holdings PLC owned 0.10% of NetScout Systems worth $1,911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. 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 period. IFP Advisors Inc raised its stake 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 in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after buying an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake 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 valued at $35,000 after buying an additional 621 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

NetScout Systems Trading Down 2.6%

Shares of NetScout Systems stock traded down $1.16 on Friday, reaching $43.68. 599,412 shares of the company were exchanged, compared to its average volume of 656,248. NetScout Systems, Inc. has a fifty-two week low of $20.39 and a fifty-two week high of $45.28. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.60 and a beta of 0.68. The stock has a fifty day moving average price of $40.57 and a 200-day moving average price of $33.52.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $203.03 million during the quarter, compared to analyst estimates of $198.64 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.NetScout Systems’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total value of $203,350.00. Following the completion of the sale, the director owned 35,000 shares in the company, valued at approximately $1,423,450. This represents a 12.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the transaction, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This represents a 5.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 3.82% of the company’s stock.

About NetScout Systems

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.