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

Hsbc Holdings PLC trimmed its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 19.0% during the fourth quarter, HoldingsChannel reports. The fund owned 70,668 shares of the technology company’s stock after selling 16,628 shares during the quarter. Hsbc Holdings PLC’s holdings in NetScout Systems were worth $1,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of NetScout Systems by 147.2% during the fourth quarter. IFP Advisors Inc now owns 1,011 shares of the technology company’s stock valued at $27,000 after acquiring an additional 602 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of NetScout Systems by 92.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock worth $35,000 after purchasing an additional 621 shares during the last quarter. Advisory Services Network LLC acquired a new stake in NetScout Systems in the third quarter valued at $35,000. Global Retirement Partners LLC acquired a new stake in NetScout Systems in the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC raised its position in NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NetScout Systems Stock Up 2.0%

Shares of NASDAQ NTCT opened at $42.41 on Tuesday. The company has a market capitalization of $3.03 billion, a PE ratio of 32.62 and a beta of 0.68. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $43.80. The firm has a fifty day simple moving average of $38.84 and a 200 day simple moving average of $32.62.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm had revenue of $203.03 million during the quarter, compared to the consensus estimate of $198.64 million. During the same period last year, the business posted $0.52 EPS. The business’s 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. As a group, equities analysts expect that NetScout Systems, Inc. will post 2.06 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In other news, Director Alfred Grasso sold 5,000 shares of the firm’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 transaction of $203,350.00. Following the completion of the sale, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. This trade represents a 12.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the transaction, the executive vice president owned 129,121 shares in the company, valued at $5,202,285.09. The trade was 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.

NetScout Systems Company 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.