Engineers Gate Manager LP Increased Stake in Netapp INC (NTAP) by $4.81 Million

June 27, 2018 - By Charla Downs

NetApp, Inc. (NASDAQ:NTAP) Corporate LogoDuring Q1 2018 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 NTAP ratio worsened. 127 increased holdings while 74 funds bought holdings. Funds hold 235.67 million shares thus 3.29% less from 2017Q4’s 243.70 million shares. Federated Invsts Inc Pa holds 751,905 shs. Pensionfund Dsm Netherlands, a Netherlands-based fund reported 49,500 shs. Apg Asset Management Nv has 0.26% invested in NetApp, Inc. (NASDAQ:NTAP) for 2.69 million shs. Affinity Investment Advsrs Ltd Limited Liability Company accumulated 35,664 shs. Oakbrook Invs Limited Liability Corporation has invested 0.09% of its capital in NetApp, Inc. (NASDAQ:NTAP). Cibc Asset has invested 0.01% in NetApp, Inc. (NASDAQ:NTAP). The New York-based Pinebridge Invs Ltd Partnership has invested 0% in NetApp, Inc. (NASDAQ:NTAP). Mitsubishi Ufj Trust & Corporation stated it has 0.06% in NetApp, Inc. (NASDAQ:NTAP). Bnp Paribas Asset Management invested 0% in NetApp, Inc. (NASDAQ:NTAP). Hancock Hldg owns 7,831 shs. The New York-based Ibm Retirement Fund has invested 0.07% in NetApp, Inc. (NASDAQ:NTAP). Ny State Teachers Retirement Sys has invested 0.07% in NetApp, Inc. (NASDAQ:NTAP). Shine Inv Advisory Service Inc reported 26 shs or 0% of all its holdings. Sumitomo Mitsui Asset Management Ltd holds 0.03% in NetApp, Inc. (NASDAQ:NTAP) or 35,080 shs. Moreover, Hollencrest Management has 0.03% invested in NetApp, Inc. (NASDAQ:NTAP).

NTAP had 22 selling transactions and 0 insider buys since January 2, 2018. This’s net activity of $17.15 million. On Wednesday, June 13 $2.05M worth of stock was sold by Hill Kathryn. On Wednesday, June 6 a trade for 4,000 shs valued at $295,942 was made by HELD GERALD. On Wednesday, January 3 6,500 shs were sold by REICH JOEL D, worth $362,686. On Tuesday, April 10 RICHARD HENRI P sold $323,409 worth of NetApp, Inc. (NASDAQ:NTAP) or 4,900 shs. FAWCETT MATTHEW K also sold $1.14 million worth of NetApp, Inc. (NASDAQ:NTAP) shs. $1.11M worth of NetApp, Inc. (NASDAQ:NTAP) was sold by NEVENS THOMAS MICHAEL on Tuesday, January 2.

Engineers Gate Manager Lp upped its stake by 182.6% in Netapp Inc (NTAP), according to 2018Q1 Securities and Exchange form. 78,771 shares were bought by Engineers Gate Manager Lp as the company’s stock rose 11.16% while stock markets declined. At the end of 2018Q1, the institutional investor held 121,910 shares of the technology company, priced at $7.52 million, up from 43,139 at the end of the previous reported quarter. $20.75 billion is Netapp Inc’s MC. NTAP is reaching $78.77 during the last trading session, after increased 1.08%.NetApp, Inc. has volume of 303,960 shares. Since June 27, 2017 NTAP has risen 63.94% and is uptrending. The stock outperformed the S&P500 by 51.37%.

About $645.79 million and $1.50B US Long portfolio Engineers Gate Manager Lp manages. It decreased its stake in Prudential Finl Inc (NYSE:PRU) by 32,010 shares to 8,446 shares, valued at $875,000 in 2018Q1, according to the filing. For a total of 5,895 shares it reduced its holding in Synopsys Inc (NASDAQ:SNPS) by 78,694 shares in the quarter, and has cut its stake in Motorola Solutions Inc (NYSE:MSI).

Another two news for NetApp, Inc. (NASDAQ:NTAP) were recently released 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 released on May 29, 2018.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Total analysts of 21 have positions in NetApp (NASDAQ:NTAP) as follows: 15 rated it a “Buy”, 1 with “Sell” and 5 with “Hold”. The positive are 71%. The firm has $8600 highest while $40 is the lowest target price. The average target $70.22 is -10.85% below the last ($78.77) price. Since January 23, 2018 according to StockzIntelligence Inc NetApp has 36 analyst reports. On Friday, February 16 the company was upgraded by DA Davidson. On Thursday, May 24 Morgan Stanley maintained the shares of NTAP in report with “Equal-Weight” rating. In Thursday, April 5 report Piper Jaffray maintained it with “Buy” rating and $7500 target. The stock rating was maintained by PiperJaffray with “Overweight” on Thursday, May 24. The stock rating was maintained by BMO Capital Markets with “Buy” on Wednesday, February 14. In Tuesday, June 26 report Piper Jaffray maintained it with “Buy” rating and $8600 target. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, April 6. On Tuesday, January 23 the company was downgraded by DA Davidson. On Thursday, May 24 the stock of NetApp, Inc. (NASDAQ:NTAP) has “Buy” rating given by Maxim Group. The company rating was maintained by Lake Street on Thursday, February 15.

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

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