Hsbc Holdings PLC Makes New Investment in NetScout Systems, Inc. $NTCT

Hsbc Holdings PLC purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 147,138 shares of the technology company’s stock, valued at approximately $6,415,000.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc grew its position in NetScout Systems by 147.2% during the fourth 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. Advisory Services Network LLC bought a new position in NetScout Systems in the 3rd quarter worth about $35,000. Farther Finance Advisors LLC raised its holdings in shares of NetScout Systems by 92.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,290 shares of the technology company’s stock valued at $35,000 after acquiring an additional 621 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of NetScout Systems in the 4th quarter valued at about $39,000. Finally, Group One Trading LLC bought a new stake in shares of NetScout Systems during the 2nd quarter valued at about $47,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Trading Down 1.0%

NTCT opened at $39.06 on Friday. The stock has a 50-day moving average price of $40.56 and a 200-day moving average price of $36.55. NetScout Systems, Inc. has a 12-month low of $24.27 and a 12-month high of $45.28. The stock has a market capitalization of $2.84 billion, a P/E ratio of 23.82 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.NetScout Systems’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities research analysts predict that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NTCT. Royal Bank Of Canada boosted 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. Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $38.41, for a total transaction of $307,280.00. Following the transaction, the executive vice president directly owned 127,809 shares in the company, valued at $4,909,143.69. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Szabados sold 4,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $150,800.00. Following the transaction, the director directly owned 41,654 shares in the company, valued at $1,570,355.80. This trade represents a 8.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,269 shares of company stock worth $869,504 over the last ninety days. Insiders own 4.74% 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.