Hsbc Holdings PLC Buys 968 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Hsbc Holdings PLC boosted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,342 shares of the technology company’s stock after acquiring an additional 968 shares during the quarter. Hsbc Holdings PLC owned 0.05% of NetScout Systems worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of NetScout Systems by 2.5% during the first quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after purchasing an additional 223,975 shares during the period. First Trust Advisors LP boosted its position in NetScout Systems by 73.0% during the 4th quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock valued at $97,220,000 after buying an additional 1,869,529 shares during the period. Assenagon Asset Management S.A. grew its holdings in NetScout Systems by 74.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock worth $15,481,000 after acquiring an additional 361,245 shares during the last quarter. Norges Bank bought a new stake in NetScout Systems in the 4th quarter worth $10,184,000. Finally, Acadian Asset Management LLC increased its position in shares of NetScout Systems by 181.1% in the second quarter. Acadian Asset Management LLC now owns 304,583 shares of the technology company’s stock valued at $5,565,000 after acquiring an additional 196,218 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Trading Up 2.4 %

Shares of NTCT opened at $21.38 on Monday. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $28.58. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -10.18 and a beta of 0.58. The firm’s 50-day moving average price is $20.02 and its 200-day moving average price is $19.88. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.16. The firm had revenue of $174.60 million during the quarter, compared to analyst estimates of $168.47 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. The business’s revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Sell-side analysts anticipate that NetScout Systems, Inc. will post 1.39 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on NTCT. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 target price on shares of NetScout Systems in a research note on Friday, July 26th. StockNews.com downgraded NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

Insider Buying and Selling at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the transaction, the chief operating officer now directly owns 43,434 shares in the company, valued at approximately $816,993.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the completion of the transaction, the chief operating officer now owns 43,434 shares of the company’s stock, valued at $816,993.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Downing sold 4,247 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the completion of the sale, the executive vice president now directly owns 131,590 shares in the company, valued at $2,631,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,952 shares of company stock valued at $598,411. 3.59% of the stock is currently owned by company insiders.

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.