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

Key Points

• Hsbc Holdings increased its NetScout Systems stake by 62.1% in the second quarter, acquiring 56,359 additional shares for a total position of 147,138 shares valued at approximately $6.4 million. Institutional investors collectively own 91.64% of NTCT.
• NetScout reported better-than-expected quarterly results, with EPS of $0.52 versus the $0.38 consensus estimate and revenue of $210.42 million, up 12.7% year over year. The company issued fiscal 2027 EPS guidance of $2.65 to $2.80.
• NTCT shares opened at $37.30, while analysts maintain a “Moderate Buy” consensus rating and a $38.00 target price. Insiders sold 14,269 shares worth about $547,000 during the quarter.

Hsbc Holdings PLC grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 62.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,138 shares of the technology company's stock after purchasing an additional 56,359 shares during the period. Hsbc Holdings PLC owned approximately 0.20% of NetScout Systems worth $6,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NTCT. Leuthold Group LLC increased its position in shares of NetScout Systems by 45.3% during the fourth quarter. Leuthold Group LLC now owns 179,984 shares of the technology company's stock valued at $4,870,000 after acquiring an additional 56,144 shares during the last quarter. BlackRock Inc. purchased a new position in shares of NetScout Systems during the 2nd quarter worth approximately $498,027,000. Lazard Asset Management LLC increased its holdings in NetScout Systems by 8.7% in the 1st quarter. Lazard Asset Management LLC now owns 585,039 shares of the technology company's stock valued at $18,598,000 after purchasing an additional 46,782 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in NetScout Systems in the second quarter valued at approximately $1,537,000. Finally, SG Americas Securities LLC lifted its stake in NetScout Systems by 41.6% during the first quarter. SG Americas Securities LLC now owns 636,640 shares of the technology company's stock worth $20,239,000 after purchasing an additional 186,903 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Up 0.9%

Shares of NASDAQ:NTCT opened at $37.30 on Thursday. NetScout Systems, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $45.28. The firm's 50 day moving average price is $39.92 and its 200 day moving average price is $37.08. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 22.74 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a net margin of 13.71% and a return on equity of 9.25%. The company had revenue of $210.42 million during the quarter, compared to analysts' expectations of $196.17 million. During the same quarter in the previous year, the business posted $0.34 EPS. The firm's revenue was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. On average, equities analysts anticipate that NetScout Systems, Inc. will post 2.15 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael Szabados sold 4,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the transaction, the director owned 41,654 shares of the company's stock, valued at $1,570,355.80. This represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Sanjay Munshi sold 2,269 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $89,103.63. Following the completion of the sale, 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 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. Over the last quarter, insiders sold 14,269 shares of company stock worth $547,184. Corporate insiders own 4.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTCT. Weiss Ratings downgraded NetScout Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 27th. Zacks Research raised NetScout Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, NetScout Systems has an average rating of "Moderate Buy" and a consensus target price of $38.00.

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.

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