NetApp Director Alan L. Earhart Sells 26,500 Shares (NTAP)
NetApp (NASDAQ:NTAP) Director Alan L. Earhart sold 26,500 shares of NetApp stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $40.94, for a total transaction of $1,084,910.00. Following the completion of the sale, the director now directly owns 8,999 shares of the company’s stock, valued at approximately $368,419. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.19.
NetApp (NASDAQ:NTAP) traded down 0.11% on Thursday, hitting $40.92. The stock had a trading volume of 1,805,032 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 $38.46 and its 200-day moving average is $37.51. The company has a market cap of $13.238 billion and a price-to-earnings ratio of 21.69.
NetApp (NASDAQ:NTAP) last issued its quarterly earnings data 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 $3.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 22nd. Shareholders of record on Friday, October 10th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, October 8th.
NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.
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