Hsbc Holdings PLC Increases Stock Position in NetScout Systems, Inc. $NTCT

Hsbc Holdings PLC grew its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 28.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,779 shares of the technology company’s stock after purchasing an additional 20,111 shares during the quarter. Hsbc Holdings PLC owned approximately 0.13% of NetScout Systems worth $2,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in NetScout Systems by 93.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,363 shares of the technology company’s stock worth $3,205,000 after buying an additional 57,602 shares during the last quarter. JPMorgan Chase & Co. increased its position in NetScout Systems by 65.8% during the third quarter. JPMorgan Chase & Co. now owns 343,551 shares of the technology company’s stock worth $8,874,000 after buying an additional 136,377 shares during the period. Leuthold Group LLC lifted its stake in NetScout Systems by 45.3% in the fourth quarter. Leuthold Group LLC now owns 179,984 shares of the technology company’s stock valued at $4,870,000 after buying an additional 56,144 shares during the last quarter. SG Americas Securities LLC lifted its stake in NetScout Systems by 2,546.1% in the fourth quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock valued at $12,170,000 after buying an additional 432,741 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of NetScout Systems by 93.6% in the fourth 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 acquiring an additional 753,842 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Trading Up 1.4%

NetScout Systems stock opened at $40.00 on Friday. The stock has a 50 day moving average of $41.29 and a two-hundred day moving average of $34.49. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $45.28. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 30.77 and a beta of 0.68.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $203.03 million for the quarter, compared to analyst estimates of $198.64 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.

Insiders Place Their Bets

In other NetScout Systems 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 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 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 business’s stock in a transaction dated Monday, June 8th. The stock was 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 approximately $5,202,285.09. This trade represents a 5.83% decrease in their ownership of the stock. 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. 3.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price 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. Zacks Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems presently has an average rating of “Moderate Buy” and an average target price of $35.50.

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.