Hsbc Holdings PLC Has $1.91 Million Stock Position in NetScout Systems, Inc. $NTCT

Hsbc Holdings PLC lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,668 shares of the technology company’s stock after selling 16,628 shares during the period. Hsbc Holdings PLC owned approximately 0.10% of NetScout Systems worth $1,911,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new stake in NetScout Systems during the third quarter worth about $118,440,000. Dimensional Fund Advisors LP increased its holdings in NetScout Systems by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock valued at $112,254,000 after buying an additional 109,910 shares during the period. State Street Corp raised its position in shares of NetScout Systems by 1.7% in the 4th quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after buying an additional 51,835 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after acquiring an additional 729,632 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of NetScout Systems by 34.6% during the 4th quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after acquiring an additional 588,022 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

NTCT has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research upgraded NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NetScout Systems presently has a consensus rating of “Buy” and a consensus target price of $35.50.

NetScout Systems Trading Up 2.0%

NTCT opened at $42.41 on Tuesday. The company has a market cap of $3.03 billion, a P/E ratio of 32.62 and a beta of 0.68. The company’s 50 day moving average is $38.84 and its 200-day moving average is $32.62. NetScout Systems, Inc. has a 1-year low of $20.39 and a 1-year high of $43.80.

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

Insider Buying and Selling at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares in the company, valued at approximately $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the sale, the executive vice president directly owned 129,121 shares in the company, valued at approximately $5,202,285.09. This trade represents a 5.83% decrease in their position. The SEC filing for this sale provides additional information. 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. 3.82% of the stock is currently owned by corporate insiders.

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.