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

Hsbc Holdings PLC lifted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 62.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,138 shares of the technology company’s stock after buying an additional 56,359 shares during the quarter. Hsbc Holdings PLC’s holdings in NetScout Systems were worth $6,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NTCT. Wellington Management Group LLP raised its stake in NetScout Systems by 16.8% during the 2nd quarter. Wellington Management Group LLP now owns 1,258,576 shares of the technology company’s stock worth $54,811,000 after acquiring an additional 181,380 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of NetScout Systems during the second quarter worth about $14,811,000. Public Employees Retirement System of Ohio purchased a new position in shares of NetScout Systems during the second quarter worth about $68,000. Capstone Investment Advisors LLC acquired a new stake in shares of NetScout Systems during the second quarter worth about $485,000. Finally, Corient Private Wealth LP purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at about $1,120,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Sanjay Munshi sold 2,269 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $89,103.63. Following the completion of the transaction, the chief operating officer owned 6,729 shares in the company, valued at approximately $264,247.83. This represents a 25.22% 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, Director Michael Szabados sold 4,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 41,654 shares of the company’s stock, valued at $1,570,355.80. This trade represents a 8.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,269 shares of company stock worth $547,184 over the last 90 days. 4.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of research reports. Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings lowered shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

NetScout Systems Stock Up 0.9%

NASDAQ NTCT opened at $37.30 on Thursday. The firm has a market cap of $2.71 billion, a P/E ratio of 22.74 and a beta of 0.69. NetScout Systems, Inc. has a 52-week low of $24.84 and a 52-week high of $45.28. The business’s 50-day moving average price is $39.92 and its 200 day moving average price is $37.08.

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

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.