Barclays Gains Confidence in NetApp (NASDAQ:NTAP). Will Other Analysts Follow?

February 15, 2018 - By Michael Collier

  Barclays Gains Confidence in NetApp (NASDAQ:NTAP). Will Other Analysts Follow?

Investors sentiment is 1.18 in 2017 Q3. Its the same as in 2017Q2. It is without 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.

Dimensional Fund Advsrs L P, a Texas-based fund reported 1.42 million shares. 123,084 were reported by Pggm Invests. Nikko Asset Americas stated it has 2,800 shares. Suntrust Banks Inc holds 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 8,716 shares. Calamos Advsrs Limited Liability Corporation has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Aimz Invest Limited Liability Corporation, California-based fund reported 79,888 shares. Cap Guardian Company holds 415,200 shares. Illinois-based Evanston Invs Dba Evanston has invested 2.05% in NetApp, Inc. (NASDAQ:NTAP). State Of Alaska Department Of Revenue invested 0.08% in NetApp, Inc. (NASDAQ:NTAP). Vermont-based Tru Co Of Vermont has invested 0% in NetApp, Inc. (NASDAQ:NTAP). Voya Inv Lc stated it has 0.04% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Hanson Mcclain reported 401 shares stake. Visionary Asset Management Incorporated stated it has 0.06% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Zacks Investment Management owns 14,525 shares. Moreover, Prescott Grp Management has 0.18% invested in NetApp, Inc. (NASDAQ:NTAP).

Since August 30, 2017, it had 0 buys, and 9 selling transactions for $4.35 million activity. Shares for $391,904 were sold by Kurian George on Wednesday, January 3. Another trade for 1,976 shares valued at $83,009 was sold by RICHARD HENRI P. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11 million. 34,000 shares were sold by WALLACE RICHARD P, worth $1.48M.

NetApp (NASDAQ:NTAP) Stock Upgrade

In an analyst note sent to investors on Thursday morning, Barclays decided to upgrade shares of NetApp (NASDAQ:NTAP) to a Buy rating. The firm currently has a respectable $52.0 price target on NTAP shares.

Investors sentiment is 1.18 in 2017 Q3. Its the same as in 2017Q2. It is without 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.

Dimensional Fund Advsrs L P, a Texas-based fund reported 1.42 million shares. 123,084 were reported by Pggm Invests. Nikko Asset Americas stated it has 2,800 shares. Suntrust Banks Inc holds 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 8,716 shares. Calamos Advsrs Limited Liability Corporation has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Aimz Invest Limited Liability Corporation, California-based fund reported 79,888 shares. Cap Guardian Company holds 415,200 shares. Illinois-based Evanston Invs Dba Evanston has invested 2.05% in NetApp, Inc. (NASDAQ:NTAP). State Of Alaska Department Of Revenue invested 0.08% in NetApp, Inc. (NASDAQ:NTAP). Vermont-based Tru Co Of Vermont has invested 0% in NetApp, Inc. (NASDAQ:NTAP). Voya Inv Lc stated it has 0.04% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Hanson Mcclain reported 401 shares stake. Visionary Asset Management Incorporated stated it has 0.06% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Zacks Investment Management owns 14,525 shares. Moreover, Prescott Grp Management has 0.18% invested in NetApp, Inc. (NASDAQ:NTAP).

Since August 30, 2017, it had 0 buys, and 9 selling transactions for $4.35 million activity. Shares for $391,904 were sold by Kurian George on Wednesday, January 3. Another trade for 1,976 shares valued at $83,009 was sold by RICHARD HENRI P. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11 million. 34,000 shares were sold by WALLACE RICHARD P, worth $1.48M.

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 of NetApp, Inc. (NASDAQ:NTAP) has “Buy” rating given on Tuesday, February 13 by Bank of America. Monness Crespi upgraded the shares of NTAP in report on Thursday, February 18 to “Neutral” rating. The rating was maintained by Summit Redstone Partners with “Sell” on Thursday, August 18. On Tuesday, December 22 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The company was maintained on Wednesday, January 6 by UBS. The firm earned “Hold” rating on Monday, August 24 by Deutsche Bank. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, August 24 report. Stifel Nicolaus maintained it with “Hold” rating and $37.0 target in Tuesday, August 15 report. As per Thursday, April 6, the company rating was upgraded by JMP Securities. The firm has “Buy” rating by FBN Securities given on Thursday, November 16.

The stock decreased 8.95% or $5.43 during the last trading session, reaching $55.21. About 10.73M 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: Investorplace.com which released: “3 Stocks to Watch on Thursday: NetApp Inc. (NTAP), Sun Life Financial Inc (SLF …” on February 15, 2018, also Globenewswire.com with their article: “NetApp Reports Third Quarter Fiscal Year 2018 Results” published on February 14, 2018, Nasdaq.com published: “Will Flash-Based Solutions Aid NetApp’s (NTAP) Q3 Earnings?” on February 12, 2018. More interesting news about NetApp, Inc. (NASDAQ:NTAP) were released by: Nasdaq.com and their article: “NetApp Inc. Earnings Climb In Q3” published on February 14, 2018 as well as Nasdaq.com‘s news article titled: “NetApp Inc. (NTAP) Is Sharply Lower After Q3 Report” with publication date: February 15, 2018.

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