NetApp, Inc. Earnings Ahead: Quick Glance

NetApp Inc

NetApp Inc

(NASDAQ:NTAP). Nomura Asset Management invested in 1.22M shares or 0.66% of the stock. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of NetApp by 0.6% during the 2nd quarter.

Several institutional investors have recently modified their holdings of the company. Morgan Stanley raised its position in NetApp by 212.4% in the third quarter. Pillar Pacific Capital Management LLC acquired a new stake in NetApp during the third quarter worth approximately $206,000. BlackRock Inc. now owns 1,397,104 shares of the data storage provider's stock worth $34,354,000 after buying an additional 879,433 shares during the last quarter. Finally, BlackRock Inc. raised its position in NetApp by 169.9% in the second quarter. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law. "(NTAP) PT Set at $53.00 by DA Davidson" was first reported by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another site, it was illegally stolen and reposted in violation of global trademark & copyright law. The correct version of this article can be viewed at investing/netapp-inc-ntap-director-sells-729000-00-in-stock/1118592.html. After a recent check, company stock has been trading near the $45.84 mark. TheStreet upgraded NetApp from a "hold" rating to a "buy" rating in a research note on Wednesday, November 16th. Credit Suisse Group AG cut NetApp from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $30.00 to $29.00 in a research note on Wednesday, December 7th. Piper Jaffray Companies set a $50.00 price target on NetApp and gave the stock a "buy" rating in a report on Monday, August 14th. Maxim Group upgraded NetApp from a "hold" rating to a "buy" rating and increased their price target for the stock from $46.00 to $56.00 in a report on Monday, August 14th. Citigroup Inc. raised their price objective on shares of NetApp from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of "Hold" and a consensus price target of $46.00.

NetApp, Inc. has a fifty-two week low of $33.83 and a fifty-two week high of $47.20. (NASDAQ:NTAP) was sold by ALLEN JEFFRY R. Shares for $160,480 were sold by Kurian George on Tuesday, May 30. The stock has a market cap of $12,500.57, a PE ratio of 19.47, a P/E/G ratio of 1.63 and a beta of 1.16.

As the earnings date approaches, we can see that insider ownership is now 0.10% shares, and institutional ownership is at 97.70% for NetApp, Inc.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, August 16th. Exane Derivatives now owns 2,398 shares of the data storage provider's stock valued at $105,000 after purchasing an additional 2,394 shares in the last quarter. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Jacobs Levy Equity Management Inc reported 0.72% in NetApp Inc. During the same period in the previous year, the business earned $0.46 earnings per share. analysts anticipate that NetApp, Inc. will post 2.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Friday, October 6th were given a $0.20 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, October 5th. NetApp's dividend payout ratio (DPR) is now 38.65%. The shares were sold at an average price of $43.53, for a total transaction of $1,480,020.00. Following the completion of the transaction, the executive vice president now directly owns 15,836 shares in the company, valued at $695,042.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Henri P. Richard sold 1,976 shares of the firm's stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $46.60, for a total transaction of $1,390,777.00. The disclosure for this sale can be found here.