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NetApp (NASDAQ:NTAP) set a new 52-week high during trading hours on Friday, Analyst Ratings.Net reports. The company traded as high as $44.69 and last traded at $44.60, with a volume of 5,152,463 shares. The stock had previously closed at $43.28.

Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of NetApp in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Atlantic Securities initiated coverage on shares of NetApp in a research note to investors on Monday. They set a “neutral” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of NetApp in a research note to investors on Sunday, January 5th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.29.

In other NetApp news, Chairman Daniel Warmenhoven sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $41.01, for a total transaction of $410,100.00. Following the completion of the transaction, the chairman now directly owns 65,059 shares of the company’s stock, valued at approximately $2,668,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NetApp has a 52 week low of $32.75 and a 52 week high of $44.65. The stock’s 50-day moving average is $40.73 and its 200-day moving average is $41.08. The company has a market cap of $15.200 billion and a price-to-earnings ratio of 26.97. NetApp also was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 22,175 call options on the company. This is an increase of approximately 683% compared to the average volume of 2,832 call options.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that NetApp will post $2.70 earnings per share for the current fiscal year.

NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.

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