A number of firms have modified their ratings and price targets on shares of NetApp (NASDAQ: NTAP) recently:

  • 10/2/2017 – NetApp had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $51.00 price target on the stock.
  • 9/25/2017 – NetApp had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock.
  • 9/23/2017 – NetApp had its “underweight” rating reaffirmed by analysts at Morgan Stanley.
  • 9/19/2017 – NetApp was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 9/1/2017 – NetApp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/24/2017 – NetApp is now covered by analysts at Loop Capital. They set a “hold” rating and a $41.00 price target on the stock.
  • 8/23/2017 – NetApp was given a new $45.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 8/21/2017 – NetApp was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
  • 8/20/2017 – NetApp had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $40.00 price target on the stock, up previously from $39.00.
  • 8/20/2017 – NetApp had its “outperform” rating reaffirmed by analysts at FBN Securities.
  • 8/20/2017 – NetApp had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $43.00 price target on the stock.
  • 8/20/2017 – NetApp had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 8/18/2017 – NetApp had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $45.00 price target on the stock.
  • 8/18/2017 – NetApp had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock, up previously from $60.00.
  • 8/17/2017 – NetApp had its price target raised by analysts at Lake Street Capital from $43.00 to $49.00. They now have a “buy” rating on the stock.
  • 8/17/2017 – NetApp had its price target raised by analysts at Barclays PLC from $35.00 to $38.00. They now have an “underweight” rating on the stock.
  • 8/17/2017 – NetApp had its “underperform” rating reaffirmed by analysts at Morgan Stanley. They now have a $38.00 price target on the stock, up previously from $35.00.
  • 8/17/2017 – NetApp had its price target raised by analysts at Citigroup Inc. from $41.00 to $43.00. They now have a “neutral” rating on the stock.
  • 8/16/2017 – NetApp had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $50.00 price target on the stock, up previously from $48.00.
  • 8/16/2017 – NetApp had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $37.00 price target on the stock.
  • 8/15/2017 – NetApp was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $50.00 price target on the stock.
  • 8/14/2017 – NetApp was given a new $44.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 8/14/2017 – NetApp was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock, up previously from $46.00.
  • 8/14/2017 – NetApp was given a new $50.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 8/12/2017 – NetApp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/9/2017 – NetApp had its price target raised by analysts at Credit Suisse Group from $37.00 to $40.00. They now have a “neutral” rating on the stock.

Shares of NetApp, Inc. (NASDAQ NTAP) traded up 0.89% during trading on Tuesday, reaching $44.39. The company had a trading volume of 2,906,575 shares. NetApp, Inc. has a 12 month low of $30.36 and a 12 month high of $45.24. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 21.43 and a beta of 1.26. The firm has a 50 day moving average price of $40.49 and a 200 day moving average price of $40.66.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Wednesday, August 16th. The data storage provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts predict that NetApp, Inc. will post $3.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 5th. NetApp’s dividend payout ratio is presently 38.65%.

In other news, CEO George Kurian sold 4,570 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $37.98, for a total transaction of $173,568.60. Following the transaction, the chief executive officer now owns 23,028 shares in the company, valued at $874,603.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Henri P. Richard sold 1,976 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $42.01, for a total value of $83,011.76. Following the transaction, the executive vice president now owns 17,812 shares in the company, valued at approximately $748,282.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,474 shares of company stock valued at $683,813. 0.47% of the stock is currently owned by corporate insiders.

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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