*Engineers Gate Manager LP Maintains Stake in Netapp INC (NTAP)

June 27, 2018 - By Mark Williams

NetApp, Inc. (NASDAQ:NTAP) Corporate LogoBig Money Sentiment decreased to 0.86 in Q1 2018. It has change of 0.28, from 2017Q4’s 1.14. The ratio turned negative due to NTAP positioning: 50 sold and 184 reduced. 74 funds acquired positions and 127 increased positions. Investors holded 243.70 million in 2017Q4 but now own 235.67 million shares or 3.29% less. 545,168 were reported by Mitsubishi Ufj & Bk. Boston Partners stated it has 1% of its capital in NetApp, Inc. (NASDAQ:NTAP). Neuberger Berman Group Limited Liability Company holds 0% or 19,927 shs. Convergence Investment Partners Ltd holds 0.51% or 63,523 shs. 52,734 are held by Ghp Invest Advsr Inc. Moneta Group Limited Liability reported 1,650 shs or 0.01% of all its holdings. Bank & Trust Of Mellon holds 3.05 million shs or 0.05% of its capital. Plante Moran Fincl Advisors Limited holds 40 shs. Kbc Gp Nv holds 0.07% of its capital in NetApp, Inc. (NASDAQ:NTAP) for 121,515 shs. Putnam Investments Ltd has invested 0.02% in NetApp, Inc. (NASDAQ:NTAP). Ls Ltd Liability Com reported 9,371 shs stake. 130 are held by Earnest Lc. Moreover, Fmr Ltd Liability Corp has 0.01% invested in NetApp, Inc. (NASDAQ:NTAP) for 1.20 million shs. Dorsey Wright Assoc has invested 0.33% in NetApp, Inc. (NASDAQ:NTAP). Koch Incorporated reported 0.06% of its capital in NetApp, Inc. (NASDAQ:NTAP).

NTAP registered $17.15 million net activity with 0 insider purchases and 22 sales since January 2, 2018. On Wednesday, June 13 Shares for $2.05 million were sold by Hill Kathryn. On Tuesday, April 10 the insider RICHARD HENRI P sold $323,409. On Tuesday, January 2 NEVENS THOMAS MICHAEL had sold 20,000 shs worth $1.11M. On Wednesday, June 20 $2.99 million worth of stock was sold by Kurian George. HELD GERALD also sold $349,916 worth of NetApp, Inc. (NASDAQ:NTAP) on Monday, June 18. FAWCETT MATTHEW K had sold 16,188 shs worth $1.14 million.

According to 2018Q1 SEC filling the Engineers Gate Manager Lp increased its holdings in Netapp Inc (NTAP) by 182.6%. 78,771 shares were bought by Engineers Gate Manager Lp as the company’s stock rose 11.16% while stock markets declined. The institutional investor is holding 121,910 shares, compared to the 43,139 from the previous quarter. And the announced value of the technology company is $7.52 million for the 2018Q1. $20.75B is Netapp Inc’s market cap. Ticker’s shares touched $78.77 during the last trading session after 1.08% change.Currently NetApp, Inc. is uptrending after 63.94% change in last June 27, 2017. NTAP has 303,960 shares volume. The stock outperformed the S&P500 by 51.37%.

According to a filing the Engineers Gate Manager Lp’s stake in Pbf Energy Inc (NYSE:PBF) was decreased by 117,029 shares to 87,947 shares valued at $2.98M in 2018Q1. It operates about $645.79 million and $1.50B US Long portfolio. For a total of 5,583 shares it reduced its holding in Marriott Intl Inc New (NASDAQ:MAR) by 35,487 shares in the quarter, and has cut its stake in Motorola Solutions Inc (NYSE:MSI).

Another two news for NetApp, Inc. (NASDAQ:NTAP) were briefly posted by: Seekingalpha.com on June 07, 2018 with title “NetApp: Solid Buy With A 15% Margin Of Safety”. The other Seekingalpha.com‘s article was titled “NetApp: Deceptively Slow Growth” and posted on May 29, 2018.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

In total 21 analysts cover NetApp (NASDAQ:NTAP). “Buy” rating has 15, “Sell” are 1, while 5 are “Hold”. (NASDAQ:NTAP) has 71% bullish analysts. With $8600 highest and $40 lowest PT, NetApp has $70.22 average PT or -10.85% below the current ($78.77) price. 36 are the (NASDAQ:NTAP)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. The stock rating was upgraded by Pivotal Research to “Buy” on Wednesday, April 4. On Thursday, May 24 the firm has “Buy” rating by Maxim Group given. The stock rating was maintained by Susquehanna with “Buy” on Monday, February 12. On Tuesday, January 23 the rating was upgraded by Morgan Stanley to “Equal-Weight”. On Thursday, May 24 the firm has “Buy” rating by Piper Jaffray given. On Thursday, May 24 the firm has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, June 26 the stock has “Buy” rating by Piper Jaffray. On Friday, April 6 Susquehanna maintained the shares of NTAP in report with “Buy” rating. The company rating was maintained by Wells Fargo on Wednesday, June 20. On Wednesday, February 14 the firm earned “Buy” rating by BMO Capital Markets.

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

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