On Jun, 29 NetApp, Inc. (NTAP) Hit 1-Year High at $79.18

June 29, 2018 - By Ira Colvard

NetApp, Inc. (NASDAQ:NTAP) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.86. That’s change of 0.28, from 2017Q4’s 1.14. 50 investors sold all, 184 reduced holdings as NetApp, Inc. ratio worsened. 127 increased positions while 74 funds bought positions. Funds hold 235.67 million shares thus 3.29% less from 2017Q4’s 243.70 million shares.
Tiverton Asset Mgmt Ltd Liability Company holds 0.02% or 4,751 shs in its capital. Westfield Capital Mgmt Lp holds 0.17% or 353,650 shs. Pub Employees Retirement Systems Of Ohio reported 112,404 shs. Missouri-based Moneta Grp Invest Advsrs Limited has invested 0.01% in NetApp, Inc. (NASDAQ:NTAP). Hanson Mcclain owns 353 shs for 0% of their capital. First Personal Ser stated it has 0.02% in NetApp, Inc. (NASDAQ:NTAP). Ubs Oconnor reported 233,880 shs. First Trust Ltd Partnership reported 1.78 million shs. New York-based Guardian Life Insurance Of America has invested 0.01% in NetApp, Inc. (NASDAQ:NTAP). D E Shaw & Communication, a New York-based fund reported 486,499 shs. Schroder Invest Mngmt invested in 1.59M shs. 100,342 were reported by British Columbia Management. Voya Ltd Co invested in 0.83% or 6.33M shs. 21,040 are owned by Gam Ag. Pillar Pacific Cap Management Ltd Limited Liability Company stated it has 0.03% of its capital in NetApp, Inc. (NASDAQ:NTAP).

NetApp, Inc. registered $17.15 million net activity with 0 buys and 22 sales since January 2, 2018. Kurian George also sold $434,887 worth of NetApp, Inc. (NASDAQ:NTAP) shs. 6,500 shs valued at $362,686 were sold by REICH JOEL D on Wednesday, January 3. Another trade for 2,450 shs valued at $173,379 was sold by RICHARD HENRI P. On Tuesday, January 2 the insider NEVENS THOMAS MICHAEL sold $1.11 million. On Wednesday, June 6 $295,942 worth of NetApp, Inc. (NASDAQ:NTAP) was sold by HELD GERALD. Shares for $1.14M were sold by FAWCETT MATTHEW K.

NetApp, Inc. (NASDAQ:NTAP) reached 52 week high with $83.93 target or 6.00 % above the last $79.18 stock price. It was announced on Jun, 29 according to Barchart.com. The company has $20.86B market cap. The valuation of NASDAQ:NTAP can change by $1.25B if our $83.93 target is reached.

NTAP is reaching $79.18 during the last trading session, after increased 2.41%.NetApp, Inc. has volume of 1.00M shares. Since June 29, 2017 NTAP has risen 63.94% and is uptrending. NTAP outperformed by 51.37% the S&P 500.

On August, 15 is awaited NetApp, Inc. (NASDAQ:NTAP)’s earnings report, as reported by RTT. Analysts forecast $0.68 EPS, which is $0.16 up or 30.77 % from 2017’s $0.52 EPS. If NTAP’s EPS is $0.68 the profit will hit $179.15M for 29.11 P/E. Wall Street sees -27.66 % negative EPS growth as of August, 15.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

A total of 21 analysts rate NetApp (NASDAQ:NTAP) as follows: 15 “Buy”, 5 “Hold” and 1 “Sell”. Тherefore 71% are bullish. The firm has $8600 highest and $40 lowest target. The avg target $70.22 is -11.32% below the last ($79.18) price. (NASDAQ:NTAP) has 36 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Tuesday, February 13 Loop Capital upgraded the shares of NTAP in report to “Buy” rating. On Friday, April 6 the stock has “Buy” rating by UBS. On Wednesday, March 28 UBS maintained NetApp, Inc. (NASDAQ:NTAP) rating. UBS has “Buy” rating and $71 target. The company rating was maintained by Piper Jaffray on Thursday, May 24. On Tuesday, January 23 the stock of NetApp, Inc. (NASDAQ:NTAP) earned “Equal-Weight” rating by Morgan Stanley. On Friday, April 6 the rating was maintained by Susquehanna with “Buy”. In Thursday, May 24 report BMO Capital Markets maintained it with “Outperform” rating and $75 target. On Tuesday, January 23 the stock of NetApp, Inc. (NASDAQ:NTAP) has “Neutral” rating given by DA Davidson. On Wednesday, June 20 the rating was maintained by Wells Fargo with “Hold”. On Friday, January 26 the stock has “Buy” rating by UBS.

More recent NetApp, Inc. (NASDAQ:NTAP) news were brought out by Streetinsider.com, Tucson.com and Nasdaq.com. The first one has “NetApp (NTAP) PT Raised to $88 at BofA/Merrill Lynch; to Benefit from AI” as a title and was brought out on June 29, 2018. The next is “NetApp Honors Americas Partners of the Year at Annual Channel Connect Conference” on June 28, 2018. And last was brought out on June 28, 2018, called “Buy the Dip in These 5 Tech Stocks That Soared to Rank #1”.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide.The firm is valued at $20.86 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.282.77 is the P/E ratio. 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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