NetScout Systems, Inc. $NTCT Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 28.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 90,779 shares of the technology company’s stock after purchasing an additional 20,111 shares during the quarter. Hsbc Holdings PLC’s holdings in NetScout Systems were worth $2,880,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NTCT. Dimensional Fund Advisors LP grew its holdings in shares of NetScout Systems by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after buying an additional 109,910 shares in the last quarter. State Street Corp increased its position in NetScout Systems by 1.7% during the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after purchasing an additional 51,835 shares during the last quarter. First Trust Advisors LP increased its position in NetScout Systems by 40.8% during the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after purchasing an additional 729,632 shares during the last quarter. LSV Asset Management raised its stake in NetScout Systems by 34.6% during the fourth quarter. LSV Asset Management now owns 2,288,036 shares of the technology company’s stock worth $61,914,000 after purchasing an additional 588,022 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of NetScout Systems by 93.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,559,192 shares of the technology company’s stock valued at $42,192,000 after purchasing an additional 753,842 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Stock Up 1.4%

NTCT opened at $40.00 on Friday. NetScout Systems, Inc. has a 52-week low of $20.39 and a 52-week high of $45.28. The company has a 50 day moving average of $41.29 and a two-hundred day moving average of $34.49. The company has a market cap of $2.86 billion, a P/E ratio of 30.77 and a beta of 0.68.

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

Insider Activity

In other NetScout Systems news, Director Alfred Grasso sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the transaction, the director directly owned 35,000 shares of the company’s stock, valued at $1,423,450. This trade represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 dated Monday, June 8th. The stock was sold at an average price of $40.29, for a total value of $322,320.00. Following the transaction, the executive vice president owned 129,121 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTCT. Royal Bank Of Canada upped their price objective on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Zacks Research cut NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Wall Street Zen raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings lowered NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

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.