NetApp (NTAP) Outperform Rating Reaffirmed by BMO Capital; The Target Price per Share Given is $63; Blackrock Municipal Income Quality Trust (BYM) Has 1.07 Sentiment

February 15, 2018 - By Ellis Scott

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 -8.07% below currents $52.919 stock price. Netapp Inc. had 148 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Buy” rating given on Wednesday, August 16 by Drexel Hamilton. The rating was downgraded by Atlantic Securities to “Underweight” on Friday, February 12. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Market Perform” rating given on Thursday, May 26 by BMO Capital Markets. The firm earned “Hold” rating on Thursday, November 16 by BTIG Research. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Hold” rating given on Thursday, September 7 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, May 26 by UBS. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Overweight” rating given on Tuesday, February 14 by PiperJaffray. Deutsche Bank maintained NetApp, Inc. (NASDAQ:NTAP) on Monday, August 24 with “Hold” rating. The firm earned “Sell” rating on Thursday, August 18 by Goldman Sachs. The firm has “Sell” rating given on Tuesday, September 22 by Goldman Sachs.

The stock decreased 0.62% or $0.08 during the last trading session, reaching $13.31. About 9,206 shares traded. Blackrock Municipal Income Qual (BYM) has declined 6.88% since February 15, 2017 and is downtrending. It has underperformed by 23.58% the S&P500.

The stock decreased 12.73% or $7.721 during the last trading session, reaching $52.919. About 4.37 million shares traded or 43.19% 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.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $14.12 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 22.76 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.

Since August 30, 2017, it had 0 buys, and 9 insider sales for $4.35 million activity. Another trade for 7,020 shares valued at $391,904 was made by Kurian George on Wednesday, January 3. Another trade for 1,976 shares valued at $83,009 was sold by RICHARD HENRI P. The insider NEVENS THOMAS MICHAEL sold 20,000 shares worth $1.11 million. REICH JOEL D sold $362,686 worth of stock or 6,500 shares. WALLACE RICHARD P also sold $1.48M worth of NetApp, Inc. (NASDAQ:NTAP) shares.

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 $197.42 million for 17.88 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.

Investors sentiment is 1.18 in Q3 2017. Its the same as in 2017Q2. It is flat, 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. Hanseatic Mngmt Services Inc holds 1.23% or 24,690 shares. Pictet Asset Mngmt Ltd stated it has 0.02% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management holds 416,700 shares. Mason Street Advsrs Llc invested in 37,448 shares. 46,379 were accumulated by Ghp Advsr. Price T Rowe Assocs Md invested 0% in NetApp, Inc. (NASDAQ:NTAP). Laurion L P reported 129,893 shares. Moreover, Meeder Asset Management has 0.01% invested in NetApp, Inc. (NASDAQ:NTAP). Trexquant L P reported 0.09% in NetApp, Inc. (NASDAQ:NTAP). Japan-based Nomura Asset Co Ltd has invested 0.02% in NetApp, Inc. (NASDAQ:NTAP). Maverick Limited holds 114,720 shares. Ledyard Financial Bank has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). C M Bidwell & owns 70 shares or 0% of their US portfolio. Gam Ag reported 0.08% in NetApp, Inc. (NASDAQ:NTAP). California Public Employees Retirement invested 0.05% in NetApp, Inc. (NASDAQ:NTAP).

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