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Several investment firms have updated their stock ratings and price targets on shares of NetApp (NASDAQ: NTAP) in the last week:

  • NetApp had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $41.00 price target on the stock, up previously from $39.00.
  • NetApp had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a $42.00 price target on the stock, up previously from $40.00.
  • NetApp had its price target raised by analysts at BMO Capital Markets from $38.00 to $42.00. They now have a “market perform” rating on the stock.
  • NetApp had its price target raised by analysts at Piper Jaffray from $42.00 to $46.00. They now have an “overweight” rating on the stock.
  • NetApp had its price target raised by analysts at Sterne Agee from $34.00 to $35.00. They now have a “neutral” rating on the stock.
  • NetApp had its “hold” rating reaffirmed by analysts at Deutsche Bank. They now have a $40.00 price target on the stock, up previously from $35.00.
  • NetApp had its price target raised by analysts at Macquarie from $38.00 to $41.00. They now have a “neutral” rating on the stock.
  • NetApp had its price target raised by analysts at Janney Montgomery Scott from $36.00 to $38.00. They now have a “neutral” rating on the stock.
  • NetApp had its price target raised by analysts at DA Davidson from $45.00 to $46.50. They now have a “buy” rating on the stock.
  • NetApp had its price target raised by analysts at Brean Capital from $42.00 to $45.00. They now have a “buy” rating on the stock.
  • NetApp had its price target raised by analysts at Cantor Fitzgerald from $45.00 to $47.00. They now have a “buy” rating on the stock.
  • NetApp was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock.

NetApp Inc. (NASDAQ:NTAP) traded up 0.44% on Wednesday, hitting $41.01. The stock had a trading volume of 228,848 shares. NetApp Inc. has a 1-year low of $33.34 and a 1-year high of $45.96. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $37.4. The company has a market cap of $13.267 billion and a price-to-earnings ratio of 21.61.

NetApp (NASDAQ:NTAP) last released its earnings data on Wednesday, August 13th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that NetApp Inc. 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. Investors 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 1.62%. The ex-dividend date is Wednesday, October 8th.

In other NetApp news, Director Daniel J. Warmenhoven unloaded 277,018 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $41.29, for a total value of $11,438,073.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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