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

Key Points

• Hsbc Holdings PLC increased its stake in NetScout Systems, Inc. by 306.9%, acquiring an additional 85,196 shares, bringing its total ownership to approximately $2.38 million as of the latest SEC filing.
• NetScout Systems reported earnings of $0.34 per share for the last quarter, surpassing analysts' expectations of $0.29, and had revenue of $186.75 million, which was also above estimates.
• Investment firm B. Riley initiated coverage on NetScout Systems with a "buy" rating and set a price target of $33.00 for the stock.

Hsbc Holdings PLC increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 306.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,956 shares of the technology company's stock after purchasing an additional 85,196 shares during the period. Hsbc Holdings PLC owned 0.16% of NetScout Systems worth $2,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NTCT. Nuveen LLC purchased a new stake in shares of NetScout Systems in the first quarter valued at $13,894,000. LSV Asset Management grew its position in shares of NetScout Systems by 253.1% in the first quarter. LSV Asset Management now owns 909,855 shares of the technology company's stock valued at $19,116,000 after purchasing an additional 652,155 shares during the period. Assenagon Asset Management S.A. grew its position in shares of NetScout Systems by 39.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,152,379 shares of the technology company's stock valued at $24,211,000 after purchasing an additional 328,468 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of NetScout Systems by 54.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company's stock valued at $10,496,000 after purchasing an additional 175,894 shares during the period. Finally, Algert Global LLC purchased a new stake in shares of NetScout Systems in the first quarter valued at $3,690,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on NetScout Systems in a research report on Tuesday, August 26th. They issued a "buy" rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $29.00.

Insiders Place Their Bets

In other NetScout Systems news, Director Alfred Grasso sold 5,644 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $24.44, for a total transaction of $137,939.36. Following the transaction, the director owned 33,000 shares in the company, valued at $806,520. The trade was a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total value of $83,475.00. Following the transaction, the director owned 127,798 shares in the company, valued at approximately $3,047,982.30. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock worth $442,348 over the last quarter. 3.82% of the stock is owned by corporate insiders.

NetScout Systems Price Performance

NTCT stock traded down $0.25 during trading on Tuesday, reaching $24.64. 671,323 shares of the stock traded hands, compared to its average volume of 585,139. The business's 50 day moving average price is $23.07 and its 200-day moving average price is $22.37. NetScout Systems, Inc. has a 52-week low of $18.12 and a 52-week high of $27.89. The firm has a market capitalization of $1.77 billion, a PE ratio of 24.64 and a beta of 0.73.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $181.50 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, equities research analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

NetScout Systems Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.