NetApp, Inc. (NTAP) Reached 52-Week High on Jun, 29

June 29, 2018 - By Nicole Mills

NetApp, Inc. (NASDAQ:NTAP) Corporate Logo

During 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 NetApp, Inc. ratio is negative. 127 increased stakes while 74 funds bought stakes. Funds hold 235.67 million shares thus 3.29% less from 2017Q4’s 243.70 million shares.
State Board Of Administration Of Florida Retirement Systems stated it has 0.07% of its capital in NetApp, Inc. (NASDAQ:NTAP). Personal Cap Corporation holds 0.01% or 5,543 shs in its capital. Chase Invest Counsel Corp holds 7,914 shs. Spirit Of America Mngmt Corporation Ny accumulated 5,600 shs. Moreover, X Management Llc has 0.01% invested in NetApp, Inc. (NASDAQ:NTAP) for 10,238 shs. Ameritas Invest Incorporated stated it has 0.02% of its capital in NetApp, Inc. (NASDAQ:NTAP). Ascend Ltd Company reported 0.53% in NetApp, Inc. (NASDAQ:NTAP). Chicago Equity Ltd Company holds 0.02% of its capital in NetApp, Inc. (NASDAQ:NTAP) for 9,820 shs. The New York-based Mutual Of America Cap Management Lc has invested 0.03% in NetApp, Inc. (NASDAQ:NTAP). Hanseatic Management Svcs owns 1.54% invested in NetApp, Inc. (NASDAQ:NTAP) for 26,017 shs. Brown Advisory has 0.01% invested in NetApp, Inc. (NASDAQ:NTAP). Cap One Natl Association stated it has 35,465 shs. Pension Ser holds 0.09% or 293,387 shs. Deutsche Commercial Bank Ag holds 0.06% or 1.54 million shs in its capital. 5,407 are owned by Everence Cap Management.

NetApp, Inc. registered $17.15 million net activity with 0 buys and 22 insider sales since January 2, 2018. Kurian George also sold $417,550 worth of NetApp, Inc. (NASDAQ:NTAP) on Monday, February 5. On Friday, March 2 $698,674 worth of stock was sold by REICH JOEL D. 26,997 shs were sold by Hill Kathryn, worth $2.05M on Wednesday, June 13. $323,409 worth of stock was sold by RICHARD HENRI P on Tuesday, April 10. On Monday, June 4 FAWCETT MATTHEW K also sold $1.14M worth of NetApp, Inc. (NASDAQ:NTAP). $1.11 million worth of NetApp, Inc. (NASDAQ:NTAP) shs were sold by NEVENS THOMAS MICHAEL.

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 1.00 million shares. Since June 29, 2017 NTAP has risen 63.94% and is uptrending. NTAP outperformed by 51.37% the S&P500.

NetApp, Inc. (NASDAQ:NTAP)’s quarterly earnings will be revealed on August, 15., RTT reports. Analysts predict $0.68 EPS, which is $0.16 up or 30.77 % from 2017’s $0.52 EPS. If EPS of $0.68 is revealed the profit of NTAP could be $179.15M giving it 29.11 P/E. Analysts at Wall Street see NetApp, Inc.’s -27.66 % negative EPS growth compared to $0.94 EPS for last quarter.

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”. 71% are bullish. With $8600 highest and $40 lowest PT NetApp has $70.22 average PT or -11.32% below the current ($79.18) price. 36 are the (NASDAQ:NTAP)’s analyst reports since January 23, 2018 according to StockzIntelligence Inc. The company rating was maintained by Piper Jaffray on Friday, March 23. On Friday, January 26 UBS maintained NetApp, Inc. (NASDAQ:NTAP) rating. UBS has “Buy” rating and $71 target. On Thursday, February 15 the company was maintained by Lake Street. On Tuesday, June 5 the stock of NetApp, Inc. (NASDAQ:NTAP) earned “Buy” rating by Stifel Nicolaus. On Friday, April 6 the firm has “Buy” rating by UBS given. On Monday, February 12 Susquehanna maintained NetApp, Inc. (NASDAQ:NTAP) with “Buy” rating. On Thursday, May 24 Robert W. Baird maintained NetApp, Inc. (NASDAQ:NTAP) with “Hold” rating. On Tuesday, February 13 the firm earned “Buy” rating by Bank of America. On Friday, April 6 the firm has “Equal-Weight” rating by Morgan Stanley given. On Thursday, April 5 Piper Jaffray maintained NetApp, Inc. (NASDAQ:NTAP) with “Buy” rating.

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

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide.The firm is worth $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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