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

Hsbc Holdings PLC lessened its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 19.0% during the 4th quarter, HoldingsChannel reports. The fund owned 70,668 shares of the technology company’s stock after selling 16,628 shares during the period. Hsbc Holdings PLC’s holdings in NetScout Systems were worth $1,911,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. CIBC Bancorp USA Inc. purchased a new position in NetScout Systems during the third quarter valued at approximately $118,440,000. JPMorgan Chase & Co. lifted its position in NetScout Systems by 65.8% in the 3rd 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 valued at $3,205,000 after buying an additional 57,602 shares during the period. Leuthold Group LLC boosted its stake in shares of NetScout Systems by 45.3% during the 4th 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 period. Finally, SG Americas Securities LLC grew its holdings in shares of NetScout Systems by 2,546.1% during the 4th quarter. SG Americas Securities LLC now owns 449,737 shares of the technology company’s stock valued at $12,170,000 after acquiring an additional 432,741 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In other NetScout Systems news, 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 completion of the sale, the executive vice president owned 129,121 shares of the company’s stock, valued at $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alfred Grasso sold 5,000 shares of the company’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 sale, the director owned 35,000 shares of the company’s stock, valued at approximately $1,423,450. This trade represents a 12.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NTCT shares. Wall Street Zen upgraded NetScout Systems from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Weiss Ratings downgraded NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank Of Canada raised their price target on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

NetScout Systems Stock Down 2.6%

Shares of NTCT traded down $1.16 during mid-day trading on Friday, hitting $43.68. 599,412 shares of the company’s stock were exchanged, compared to its average volume of 656,248. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 33.60 and a beta of 0.68. The firm has a fifty day moving average of $40.57 and a two-hundred day moving average of $33.52. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $45.28.

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

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.