On Apr, 16 NetApp, Inc. (NTAP) Hit 52-Week High at $68.03

April 16, 2018 - By Darrell Taylor

NetApp, Inc. (NASDAQ:NTAP) Corporate Logo

Big Money Sentiment decreased to 1.14 in 2017 Q4. It has change of 0.04, from 2017Q3’s 1.18. The ratio dived due to NetApp, Inc. positioning: 25 sold and 162 reduced. 93 funds bought stakes and 120 increased stakes. Investors holded 244.98 million in 2017Q3 but now own 243.70 million shares or 0.52% less.
Citigroup holds 175,975 shs or 0.01% of its capital. Mason Street Ltd Llc owns 37,575 shs. Lsv Asset Mngmt holds 0.1% or 1.11 million shs. Price T Rowe Md holds 0% or 456,003 shs in its capital. Guardian Life Insurance Of America invested 0.01% of its capital in NetApp, Inc. (NASDAQ:NTAP). Contravisory Invest Mgmt has 0.16% invested in NetApp, Inc. (NASDAQ:NTAP). Mitsubishi Ufj & Bk has 0.05% invested in NetApp, Inc. (NASDAQ:NTAP). Farmers And Merchants Invs holds 0% in NetApp, Inc. (NASDAQ:NTAP) or 104 shs. Huntington National Bank & Trust has invested 0% in NetApp, Inc. (NASDAQ:NTAP). Piermont Cap Management reported 10,820 shs. Evercore Wealth Mngmt Ltd Company accumulated 100 shs. Amica Pension Fund Board Of Trustees holds 21,724 shs. Hartford holds 0.06% of its capital in NetApp, Inc. (NASDAQ:NTAP) for 59,455 shs. Brown Advisory invested in 55,309 shs. Sandler Capital has 1.58% invested in NetApp, Inc. (NASDAQ:NTAP).

NetApp, Inc. registered $4.41 million net activity with 0 buys and 9 insider sales since January 2, 2018. On Thursday, April 5 7,020 shs were sold by Kurian George, worth $434,887. On Tuesday, January 2 the insider NEVENS THOMAS MICHAEL sold $1.11 million. RICHARD HENRI P also sold $323,409 worth of NetApp, Inc. (NASDAQ:NTAP) shs.

A 1-year high was hit by NetApp, Inc. (NASDAQ:NTAP). Today’s stock price was $68.03. It’s 3.00 % above our $70.07. On Apr, 16 it was announced by Barchart.com. It has $18.23 billion market cap. At our $70.07 target, the company worth will be $546.81 million more.

The stock increased 0.83% or $0.56 during the last trading session, reaching $68.03.NetApp, Inc. has volume of 235,829 shares. Since April 16, 2017 NTAP has risen 49.61% and is uptrending. NTAP outperformed the S&P 500 by 38.06%.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on May, 23. They expect $0.86 EPS, up 19.44 % or $0.14 from last year’s $0.72 per share. NTAP’s profit will be $230.42 million for 19.78 P/E if the $0.86 EPS becomes a reality. After $0.85 actual EPS reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 1.18 % EPS growth.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

In total 24 analysts cover NetApp (NASDAQ:NTAP). “Buy” rating has 14, “Sell” are 1, while 9 are “Hold”. 58% are bullish. 44 are the (NASDAQ:NTAP)’s analyst reports since October 27, 2017 according to StockzIntelligence Inc. The stock rating was upgraded by Bank of America to “Buy” on Tuesday, February 13. The company rating was maintained by Piper Jaffray on Thursday, April 5. In Thursday, November 16 report UBS maintained the stock with “Buy” rating. On Wednesday, April 4 the rating was upgraded by Pivotal Research to “Buy”. On Friday, April 6 the rating was maintained by UBS with “Buy”. On Thursday, November 16 the stock of NetApp, Inc. (NASDAQ:NTAP) earned “Overweight” rating by Barclays Capital. On Friday, February 16 the stock of NetApp, Inc. (NASDAQ:NTAP) has “Buy” rating given by DA Davidson. On Thursday, November 16 Morgan Stanley maintained NetApp, Inc. (NASDAQ:NTAP) with “Underweight” rating. On Tuesday, January 23 the rating was downgraded by DA Davidson to “Neutral”. On Friday, November 17 the stock of NetApp, Inc. (NASDAQ:NTAP) has “Buy” rating given by Argus Research.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide.The firm is valued at $18.23 billion. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions.Last it reported negative earnings. The firm also provides ONTAP storage operating system for data protection and security; SANtricity storage operating system, which provides performance, reliability, and data protection for application-driven workloads; SolidFire element operating system; NetApp StorageGRID Webscale software that allows clients to store and manage massive amounts of data on premises and in the cloud; NetApp integrated data protection solutions; OnCommand management software and management integration tools; and FlexArray storage virtualization software.

NetApp, Inc. (NASDAQ:NTAP) Institutional Investors Chart

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