NetApp, Inc. (NTAP) EVP Henri P. Richard Sells 1,976 Shares
NetApp, Inc. (NASDAQ:NTAP) EVP Henri P. Richard sold 1,976 shares of NetApp stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $43.89, for a total transaction of $86,726.64. Following the completion of the transaction, the executive vice president now directly owns 15,836 shares of the company’s stock, valued at $695,042.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Henri P. Richard also recently made the following trade(s):
- On Friday, July 14th, Henri P. Richard sold 3,952 shares of NetApp stock. The stock was sold at an average price of $42.20, for a total transaction of $166,774.40.
NetApp, Inc. (NASDAQ NTAP) traded up 0.89% on Tuesday, hitting $44.39. 2,906,575 shares of the company’s stock traded hands. The stock has a market cap of $11.97 billion, a PE ratio of 21.43 and a beta of 1.26. NetApp, Inc. has a one year low of $30.36 and a one year high of $45.24. The stock has a 50-day moving average of $40.55 and a 200-day moving average of $40.68.
NetApp (NASDAQ:NTAP) last announced its earnings results on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. NetApp had a return on equity of 24.13% and a net margin of 10.47%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. On average, equities analysts forecast that NetApp, Inc. will post $3.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 6th will be paid a $0.20 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.80%. NetApp’s dividend payout ratio is currently 38.65%.
A number of hedge funds and other institutional investors have recently modified their holdings of NTAP. American Beacon Advisors Inc. acquired a new position in NetApp during the first quarter worth $110,000. Krilogy Financial LLC acquired a new stake in shares of NetApp in the second quarter valued at about $122,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of NetApp in the first quarter valued at about $209,000. Blair William & Co. IL acquired a new stake in shares of NetApp in the first quarter valued at about $216,000. Finally, Eagle Global Advisors LLC acquired a new stake in shares of NetApp in the second quarter valued at about $210,000. 92.08% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of NetApp from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Morgan Stanley restated an “underweight” rating on shares of NetApp in a report on Saturday, September 23rd. Royal Bank Of Canada restated a “hold” rating and issued a $45.00 price objective on shares of NetApp in a report on Friday, June 9th. ValuEngine cut NetApp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) raised NetApp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $47.00 in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have given a buy rating to the company. NetApp presently has a consensus rating of “Hold” and a consensus price target of $44.85.
NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.
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