Netapp Inc (NASDAQ:NTAP) Institutional Investor Sentiment Analysis

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December 27, 2017 – By Jan Rainey




 Netapp Inc (NASDAQ:NTAP) Institutional Investor Sentiment Analysis

Sentiment for Netapp Inc (NASDAQ:NTAP)

Netapp Inc (NASDAQ:NTAP) institutional sentiment is 1.18 in Q3 2017. Its the same as in 2017Q2. The ratio is flat, as only 197 funds increased or opened new holdings, while 167 trimmed and sold stakes in Netapp Inc. The funds in our partner’s database now have: 244.98 million shares, up from 242.73 million shares in 2017Q2. Also, the number of funds holding Netapp Inc in their top 10 holdings increased from 4 to 5 for an increase of 1. Sold All: 38 Reduced: 129 Increased: 139 New Position: 58.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $14.94 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 24.08 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.

The stock increased 0.23% or $0.13 during the last trading session, reaching $55.99. About 124,416 shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since December 27, 2016 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 $197.43 million for 18.92 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.

Sirios Capital Management L P holds 5.36% of its portfolio in NetApp, Inc. for 2.34 million shares. Lyons Wealth Management Llc. owns 49,245 shares or 3.23% of their US portfolio. Moreover, Harber Asset Management Llc has 3.16% invested in the company for 196,262 shares. The California-based Ivory Investment Management Llc has invested 3.01% in the stock. Aimz Investment Advisors Llc, a California-based fund reported 79,888 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 6 sales for $2.08 million activity.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Ratings analysis reveals 32% of Netapp Inc.’s analysts are positive. Out of 44 Wall Street analysts rating Netapp Inc., 14 give it “Buy”, 8 “Sell” rating, while 22 recommend “Hold”. The lowest target is $20 while the high is $62.0. The stock’s average target of $44.48 is -20.56% below today’s ($55.99) share price. NTAP was included in 139 notes of analysts from August 17, 2015. The firm has “Hold” rating by Jefferies given on Wednesday, August 23. BMO Capital Markets maintained it with “Hold” rating and $43.0 target in Wednesday, August 16 report. Maxim Group maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, November 16 with “Buy” rating. Credit Suisse upgraded NetApp, Inc. (NASDAQ:NTAP) on Thursday, May 25 to “Neutral” rating. The company was maintained on Thursday, August 17 by Barclays Capital. The stock of NetApp, Inc. (NASDAQ:NTAP) earned “Market Perform” rating by BMO Capital Markets on Sunday, August 23. Lake Street maintained NetApp, Inc. (NASDAQ:NTAP) rating on Thursday, November 19. Lake Street has “Hold” rating and $36 target. Maxim Group maintained NetApp, Inc. (NASDAQ:NTAP) rating on Friday, October 27. Maxim Group has “Buy” rating and $56.0 target. PiperJaffray upgraded the shares of NTAP in report on Tuesday, February 14 to “Overweight” rating. The company was maintained on Thursday, November 16 by UBS.

More recent NetApp, Inc. (NASDAQ:NTAP) news were published by: Businesswire.com which released: “Avnet Named OEM Distributor for NetApp Enterprise Storage Solutions in the …” on December 21, 2017. Also Seekingalpha.com published the news titled: “NetApp: The Anatomy Of A Successful Turnaround” on November 28, 2017. Nasdaq.com‘s news article titled: “Here’s Why You Should Invest in NetApp (NTAP) Stock Now” with publication date: December 18, 2017 was also an interesting one.

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