A Higher Rating Has Been Given to NetApp (NASDAQ:NTAP) By a Barclays. $52.0 is The Target Price

February 15, 2018 - By Nellie Frank

  A Higher Rating Has Been Given to NetApp (NASDAQ:NTAP) By a Barclays. $52.0 is The Target Price

Investors sentiment is 1.18 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 38 investors sold NetApp, Inc. shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported.

Nomura has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Rhumbline Advisers invested in 0.05% or 556,815 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% or 5,291 shares in its portfolio. Dekabank Deutsche Girozentrale stated it has 0.06% in NetApp, Inc. (NASDAQ:NTAP). The Massachusetts-based Rampart Investment Mngmt Co Lc has invested 0.06% in NetApp, Inc. (NASDAQ:NTAP). Rockefeller Serv Inc invested in 0% or 1,400 shares. 10,672 were accumulated by Cypress Group. Keybank Natl Association Oh accumulated 4,885 shares. Franklin Res owns 0% invested in NetApp, Inc. (NASDAQ:NTAP) for 50,886 shares. Baystate Wealth Mgmt Lc reported 40 shares stake. Bokf Na has invested 0.05% in NetApp, Inc. (NASDAQ:NTAP). Parametric Portfolio Assocs Ltd reported 0.05% stake. Guggenheim Limited Liability Corporation invested 0.15% in NetApp, Inc. (NASDAQ:NTAP). Strs Ohio reported 37,507 shares or 0.01% of all its holdings. First Mercantile Tru invested 0.17% in NetApp, Inc. (NASDAQ:NTAP).

Since August 30, 2017, it had 0 insider purchases, and 9 sales for $4.35 million activity. 1,976 shares were sold by RICHARD HENRI P, worth $86,722 on Monday, October 2. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11 million. $391,904 worth of NetApp, Inc. (NASDAQ:NTAP) was sold by Kurian George on Wednesday, January 3. Shares for $1.48 million were sold by WALLACE RICHARD P.

NetApp (NASDAQ:NTAP) Stock Upgrade

In an analyst report issued to clients on Thursday, 9 November, Barclays has increased shares of NetApp (NASDAQ:NTAP) stock to a solid Buy and has set an estimated 12-month target price to $52.0. This target is -5.81 % from NTAP’s current share price.

Investors sentiment is 1.18 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 38 investors sold NetApp, Inc. shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported.

Nomura has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Rhumbline Advisers invested in 0.05% or 556,815 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% or 5,291 shares in its portfolio. Dekabank Deutsche Girozentrale stated it has 0.06% in NetApp, Inc. (NASDAQ:NTAP). The Massachusetts-based Rampart Investment Mngmt Co Lc has invested 0.06% in NetApp, Inc. (NASDAQ:NTAP). Rockefeller Serv Inc invested in 0% or 1,400 shares. 10,672 were accumulated by Cypress Group. Keybank Natl Association Oh accumulated 4,885 shares. Franklin Res owns 0% invested in NetApp, Inc. (NASDAQ:NTAP) for 50,886 shares. Baystate Wealth Mgmt Lc reported 40 shares stake. Bokf Na has invested 0.05% in NetApp, Inc. (NASDAQ:NTAP). Parametric Portfolio Assocs Ltd reported 0.05% stake. Guggenheim Limited Liability Corporation invested 0.15% in NetApp, Inc. (NASDAQ:NTAP). Strs Ohio reported 37,507 shares or 0.01% of all its holdings. First Mercantile Tru invested 0.17% in NetApp, Inc. (NASDAQ:NTAP).

Since August 30, 2017, it had 0 insider purchases, and 9 sales for $4.35 million activity. 1,976 shares were sold by RICHARD HENRI P, worth $86,722 on Monday, October 2. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11 million. $391,904 worth of NetApp, Inc. (NASDAQ:NTAP) was sold by Kurian George on Wednesday, January 3. Shares for $1.48 million were sold by WALLACE RICHARD P.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 45 analysts covering Netapp Inc. (NASDAQ:NTAP), 15 have Buy rating, 7 Sell and 23 Hold. Therefore 33% are positive. Netapp Inc. has $71 highest and $20 lowest target. $48.65’s average target is -11.88% below currents $55.21 stock price. Netapp Inc. had 148 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Tuesday, October 3. The stock has “Overweight” rating by Barclays Capital on Thursday, November 16. Jefferies maintained the shares of NTAP in report on Wednesday, August 23 with “Hold” rating. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Neutral” rating given on Tuesday, April 26 by BTIG Research. The rating was downgraded by Deutsche Bank to “Sell” on Monday, September 26. The stock has “Mkt Underperform” rating by JMP Securities on Wednesday, December 16. The company was maintained on Wednesday, August 16 by Jefferies. The company was maintained on Wednesday, August 16 by Oppenheimer. As per Thursday, November 16, the company rating was maintained by FBN Securities. As per Monday, February 12, the company rating was maintained by Susquehanna.

The stock decreased 8.95% or $5.43 during the last trading session, reaching $55.21. About 10.73 million shares traded or 251.73% up from the average. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since February 15, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on February, 21. They expect $0.74 EPS, up 2.78 % or $0.02 from last year’s $0.72 per share. NTAP’s profit will be $197.43M for 18.65 P/E if the $0.74 EPS becomes a reality. After $0.70 actual EPS reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 5.71 % EPS growth.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $14.73 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. It has a 23.75 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.

More notable recent NetApp, Inc. (NASDAQ:NTAP) news were published by: Nasdaq.com which released: “Will Flash-Based Solutions Aid NetApp’s (NTAP) Q3 Earnings?” on February 12, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Thursday: NetApp Inc. (NTAP), Sun Life Financial Inc (SLF …” published on February 15, 2018, Zacks.com published: “NetApp (NTAP) Beats on Q3 Earnings, Issues Impressive View” on February 15, 2018. More interesting news about NetApp, Inc. (NASDAQ:NTAP) were released by: Globenewswire.com and their article: “NetApp Reports Third Quarter Fiscal Year 2018 Results” published on February 14, 2018 as well as Nasdaq.com‘s news article titled: “NetApp Inc. Earnings Climb In Q3” with publication date: February 14, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.