NetApp's (NTAP) "Buy" Rating Reiterated at Lake Street Capital
- Kelley Robertson
It has a 20.86 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. Exane Derivatives now owns 2,398 shares of the data storage provider's stock worth $105,000 after purchasing an additional 2,394 shares in the last quarter. During the same quarter last year, the business posted $0.60 EPS. sell-side analysts expect that NetApp, Inc. will post 2.72 earnings per share for the current year. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion.
The stock increased 2.32% or GBX 49 during the last trading session, reaching GBX 2161. About 71,045 shares traded. Blackhawk Network Holdings, Inc. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since December 6, 2016 and is uptrending. It has outperformed by 17.71% the S&P500. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have given a buy rating to the company. Therefore 64% are positive. Susquehanna Bancshares restated a positive rating and issued a $50.00 price objective (up previously from $48.00) on shares of NetApp in a research report on Wednesday, August 16th. (NASDAQ:NTAP) on Thursday, August 17 with "Hold" rating. DA Davidson upped their price objective on shares of NetApp from $53.00 to $56.00 and gave the company a buy rating in a research report on Tuesday, November 14th. The firm has "Market Perform" rating given on Friday, December 11 by BMO Capital Markets. Morgan Stanley owns 1.90M shares. The stock of Blackhawk Network Holdings, Inc. The rating was maintained by Citigroup with "Neutral" on Thursday, August 18. The firm earned "Buy" rating on Monday, September 26 by Cross Research. As per Wednesday, October 14, the company rating was initiated by Barclays Capital. (NASDAQ:HAWK) has "Buy" rating given on Friday, July 22 by Bank of America. On average, analysts anticipate that NetApp will post $3.04 earnings per share for the current year. Hussman Strategic Advsr owns 101,200 shares or 0.9% of their United States portfolio. Trinity Inds Inc (NYSE:TRN) was reduced too. The rating has been disclosed in analysts note on Tuesday morning. 4,668 are held by Victory Management. The lowest target is $25.0 while the high is $46.0. The firm now has a $41.00 price target on the data storage provider's stock, up from their prior price target of $38.00. AYR was included in 3 notes of analysts from November 2, 2016.
Market capitalization is the total market value of all of a company's outstanding shares. The stock has "Hold" rating by Deutsche Bank on Monday, February 8.
The top 5 institutional holders, in ascending order, are as follows: PRIMECAP MANAGEMENT CO/CA/ with 40.26 million shares, VANGUARD GROUP INC with 27.28 million shares, BLACKROCK INC. with 21.12 million shares, WELLINGTON MANAGEMENT GROUP LLP with 12.41 million shares, and DODGE & COX with 12.2 million shares. The firm earned "Overweight" rating on Tuesday, February 14 by Piper Jaffray. Morgan Stanley maintained NetApp, Inc.
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Shares of NetApp (NASDAQ:NTAP) opened at $56.14 on Thursday.
NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. (NASDAQ:NTAP) on Thursday, November 19 with "Hold" rating. As per Thursday, August 18, the company rating was maintained by BTIG Research. The company was downgraded on Wednesday, December 7 by Credit Suisse. (NASDAQ:NTAP) earned "Neutral" rating by Goldman Sachs on Wednesday, August 24. The stock increased 1.71% or $0.965 during the last trading session, reaching $57.375. 242.73 million shares or 2.39% more from 237.08 million shares in 2017Q1 were reported. Hussman Strategic Advisors Inc acquired 26,200 shares as Netapp Inc (NTAP)'s stock declined 1.59%. It has outperformed by 52.23% the S&P500. (NASDAQ:NTAP). Parkside Bancorporation And Trust has invested 0% in NetApp, Inc. (NASDAQ:NTAP). Jaffetilchin Investment Prtnrs Lc reported 0.17% of its portfolio in NetApp, Inc.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Pictet Asset Ltd reported 0.02% stake.
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