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Shares of NetApp (NASDAQ:NTAP) have earned a consensus rating of “Hold” from the thirty-seven analysts that are presently covering the company, Analyst Ratings Network.com reports. Two equities research analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $41.19.

In other NetApp news, Insider Robert E. Salmon sold 30,000 shares of NetApp stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $40.87, for a total value of $1,226,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NetApp (NASDAQ:NTAP) traded up 0.93% on Monday, hitting $41.38. 633,633 shares of the company’s stock traded hands. NetApp has a one year low of $33.34 and a one year high of $45.96. The stock has a 50-day moving average of $38.55 and a 200-day moving average of $37.. The company has a market cap of $13.386 billion and a price-to-earnings ratio of 21.70.

NetApp (NASDAQ:NTAP) last released its 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. Analysts expect that NetApp will post $3.00 EPS 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.

A number of research firms have recently commented on NTAP. 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.

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

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