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NetApp (NASDAQ:NTAP) CEO Thomas Georgens sold 78,191 shares of NetApp stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $41.11, for a total transaction of $3,214,432.01. Following the sale, the chief executive officer now directly owns 10,329 shares of the company’s stock, valued at approximately $424,625. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NetApp (NASDAQ:NTAP) traded up 0.33% during mid-day trading on Wednesday, hitting $40.965. The stock had a trading volume of 2,317,700 shares. NetApp has a 52 week low of $33.34 and a 52 week high of $45.96. The stock’s 50-day moving average is $38.35 and its 200-day moving average is $37.49. The company has a market cap of $13.252 billion and a price-to-earnings ratio of 21.61.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, analysts predict that NetApp will post $2.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 22nd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, October 8th.

A number of analysts have recently weighed in on NTAP shares. Analysts at Sterne Agee raised their price target on shares of NetApp from $34.00 to $35.00 in a research note on Thursday, August 14th. They now have a “neutral” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of NetApp from $45.00 to $47.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of NetApp from $38.00 to $41.00 in a research note on Thursday, August 14th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the company. NetApp has an average rating of “Hold” and an average target price of $41.19.

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

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