Thursday, 14 December, 2017

Netapp Inc (NASDAQ:NTAP) Stock - Is it Overbought?

Pivotal Research initiates NetApp coverage Netapp Inc (NASDAQ:NTAP) Stock - Is it Overbought?
Preston Stone | 18 November, 2017, 03:29

Neuberger Berman Group LLC now owns 11,699 shares of the data storage provider's stock valued at $512,000 after purchasing an additional 3,498 shares during the period. Efficient Market Advisors LLC purchased a new position in shares of NetApp during the third quarter worth approximately $251,000.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 242.73 million shares or 2.39% more from 237.08 million shares in 2017Q1 were reported. Exane Derivatives grew its position in shares of NetApp by 59,850.0% in the 3rd quarter. First Personal Financial Services now owns 2,764 shares of the data storage provider's stock worth $121,000 after acquiring an additional 2,754 shares in the last quarter.

Since May 26, 2017, it had 0 insider buys, and 6 insider sales for $2.60 million activity.

NetApp, Inc. (NASDAQ:NTAP) received a Buy rating from 5 analysts. DA Davidson reaffirmed a "buy" rating and issued a $35.00 price target on shares of NetApp in a research note on Monday, August 15th. One analyst rating the company a strong buy, one analyst rating the company a buy, twenty-three analysts rating the company a hold, ten analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $24.90. Lake Street Capital boosted their price target on NetApp from $43.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday, August 17th. The stock of Dean Foods Co (NYSE:DF) has "Market Perform" rating given on Wednesday, November 8 by BMO Capital Markets. October 4 investment analysts at Robert W. Baird maintained a stock rating of "Hold" targeting a price of $46.00.

On November 9 the stock rating was upgraded to "Overweight" from "Underweight" and a price target of $52.00 was set by Barclays PLC. Insider ownership during the previous year has decreased by a net of 365477 shares. NetApp, Inc. (NTAP) is intriguing when broken down to its core data. NetApp has a 52-week low of $34.38 and a 52-week high of $47.20.

H&M Black Friday 2017 Collection Starts At $4.99
This year you can score the hottest Black Friday 2017 online doorbuster deals with our online inventory tracking app The Tracker . The shopping bonanza will last all weekend, and is followed by Black Friday's online equivalent Cyber Monday on November 27.

The company's P/E ratio is 22.83 and the market value is 14.36B. For NTAP, the company now has 2.95 billion of cash on the books, which is offset by 1.64 billion in current liabilities.

NetApp (NASDAQ:NTAP) last issued its earnings results on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.69 by $0.12. The return on assets stands at 6.3%, Return on Equity now is 21.1% and the Return on Investment value is 10.7%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.38 billion. The firm's quarterly revenue was up 6.1% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. With short interest at 12,868,093 and short average daily volume at 2,813,451, the short-interest ratio is 5.0 and the percentage of shorted shares is 0.05% as of October 13. The ex-dividend date of this dividend is Wednesday, January 4th. The stock rose 1.40% or $0.14 reaching $10.11. The Return on Investment (ROI) ratio of NetApp, Inc.

On 11/15/2017, Wells Fargo released a statement on Netapp Inc. If you are reading this report on another publication, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2016/12/06/netapps-ntap-hold-rating-reiterated-at-jefferies-group.html. Also, SVP Matthew K. Fawcett sold 29,845 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $42.01, for a total value of $83,011.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Kurian George had sold 4,000 shares worth $160,480 on Tuesday, May 30. The shares were sold at an average price of $37.98, for a total transaction of $173,568.60. The disclosure for this sale can be found here. They provide a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. The Firm offers a portfolio of services and products that satisfy a range of customer workloads across different data types and deployment models.

Recommended

  • United Kingdom  considering £450m Iran debt settlement to help free jailed Briton

    United Kingdom considering £450m Iran debt settlement to help free jailed Briton

    Diplomats told the newspaper that any payment should not be linked to the fate of Zaghari-Ratcliffe. But he was toppled in the revolution of 1979 and the full order cancelled.
    Williams-Sonoma, Inc. (WSM) - Overall Technical picture

    Williams-Sonoma, Inc. (WSM) - Overall Technical picture

    KS now owns 663,280 shares of the company's stock worth $34,577,000 after buying an additional 148,950 shares during the period. BidaskClub cut Williams-Sonoma from a "sell" rating to a "strong sell" rating in a research report on Friday, July 28th.
    Pierre-Emerick Aubameyang suspended by Borussia Dortmund

    Pierre-Emerick Aubameyang suspended by Borussia Dortmund

    Dortmund host Tottenham in the Champions League on Tuesday followed by a league game against local rivals Schalke on Saturday. The player had gone against former coach Thomas Tuchel's wishes by going for a trip to Milan.
  • Hariri to Leave Riyadh for Paris Within 48 Hours

    Hariri to Leave Riyadh for Paris Within 48 Hours

    Lebanon's Saad al-Hariri has accepted an invitation to come to France, Reuters reported, citing a French diplomatic source. French Foreign Minister Jean-Yves Le Drian was in Saudi Arabia on Wednesday to meet with Hariri and Saudi officials.
    Sublime Dimitrov thrashes Goffin to reach semis

    Sublime Dimitrov thrashes Goffin to reach semis

    Carreno Busta was playing in the place of Rafael Nadal , who withdrew after his opening loss because of a right knee injury. Goffin said he may have come out a little flat after the exhaustive opening match in which great blows were traded.
    Schumacher F2001 sets new record

    Schumacher F2001 sets new record

    Michael Schumacher's title-winning Ferrari F2001 has been auctioned as a piece of contemporary art for $7,504,000 (£5.7 million). But much like Da Vinci's " Salvator Mundi " the auto is unlikely to be seen much now it's in the hands of a private buyer.
  • Maharashtra government ties up with Hyperloop firm to identify potential routes

    Maharashtra government ties up with Hyperloop firm to identify potential routes

    Apart from India, Virgin Hyperloop One is working on projects in countries like the UAE, U.S., Canada, Finland, and the Netherlands.
    Will Clinton Allies Push Back Against the Bill Clinton Backlash?

    Will Clinton Allies Push Back Against the Bill Clinton Backlash?

    Franken is now facing demands for an ethics investigation into his conduct. "It's very disturbing", Gillibrand said. She also said she will donate money given to her campaign by a Franken-linked PAC to charity.
    Pringles tests Thanksgiving chips, from turkey to pumpkin pie

    Pringles tests Thanksgiving chips, from turkey to pumpkin pie

    But is Thanksgiving dinner the best dinner? Volunteers also priced out rolls, carrots, celery and pumpkin pie mix. AFBF's survey menu hasn't changed since its first survey in 1986 to allow for consistent price comparisons.
  • Celtics make it 14 on the trot

    Celtics make it 14 on the trot

    He sat behind the Celtics' bench and received a loud ovation from the Garden crowd when he was shown on the jumbotron. Curry, who returned to action after missing a game with a bruised right thigh, was most ineffective.
    Conte laments Italy World Cup failure

    Conte laments Italy World Cup failure

    Asked if he would consider a return to the helm of his homeland, Conte insisted his focus remained squarely on matters at Stamford Bridge.
    Sensex up 236 points after Moody's India upgrade

    Sensex up 236 points after Moody's India upgrade

    The Sensex touched a high of 33,520.82 points - its new intra-day high - and a low of 33,380.39 points in the trade so far. On the other hand, shares of Bajaj Electricals (down 0.12 per cent) were trading in the red around that time.

Missing Mokena woman found dead from gunshot wound to head Missing Mokena woman found dead from gunshot wound to head The Will County Sheriff's Office said that the body of Kaitlyn Kearns was found in a rural area of neighboring Kankakee County. Detectives believe that there is no threat to the community and that Kearn was the intended target of this homicide.

Madison County Courthouse to open doors for National Adoption Day Madison County Courthouse to open doors for National Adoption Day But on Friday, a meal at the Methuen restaurant took on a special meaning for the now blended and bigger Lawrence family. Foster parents must go through a certification process which includes training and background checks.

Sensex Jumps 235 Points After Moody's Upgrade; Nifty Ends At 10283 Sensex Jumps 235 Points After Moody's Upgrade; Nifty Ends At 10283 Ratings changes are very slow, infrequent and at most times move with a lag to market expectations, he said. Rupee, bonds and stocks rallied after the ratings upgrade .

FDNY: 170 firefighters battle blaze in Upper Manhattan apartment FDNY: 170 firefighters battle blaze in Upper Manhattan apartment This is a developing story; check back for updates and get the PIX11 News app to stay informed all day . A massive blaze has broken out at a six-storey apartment building in the Hamilton Heights area of NY .

Apple iPad Pro 2018 Will Feature Beefed Up iPhone X Processor Apple iPad Pro 2018 Will Feature Beefed Up iPhone X Processor After all, the next jump up from hexa-core is octa-core and the next step down the manufacturing pipeline from 10 nm is 7 nm. It announces a new AN process in a new iPhone to be followed by a new ANX chip for an iPad, specifically an iPad Pro .

Total cost of Thanksgiving dinner down this year Total cost of Thanksgiving dinner down this year While Farm Bureau does not make any scientific claims about the data, it is an informal gauge of price trends around the nation. Dinner rolls , meanwhile, got more expensive with a package of 12 costing $3.28, up from $2.56 in 2016, according to the study.

Willian wonders Loftus-Cheek departure to Palace Willian wonders Loftus-Cheek departure to Palace Don't forget he hasn't played for seven weeks, it's good that he's physically fit to play. 'He's a quality player, ' the former England manager said.

NFL Investigating Jameis Winston for Allegedly Groping Uber Driver in 2016 NFL Investigating Jameis Winston for Allegedly Groping Uber Driver in 2016 While waiting in the drive-thru line at a Mexican restaurant, she says "he reached over and he just grabbed my crotch". Expect that Winston is facing a serious investigation here and could be looking at a lengthy suspension.

All Fraternities Suspended At The Ohio State University All Fraternities Suspended At The Ohio State University This includes all social, recruitment and new member activities for Interfraternity Council (IFC) chapters. Ohio State Buckeyes campus in Columbus, Ohio on August 2, 2001.

White House: Difference between Franken, Trump allegations is Franken 'admitted wrongdoing' White House: Difference between Franken, Trump allegations is Franken 'admitted wrongdoing' White House Press Secretary Sarah Sanders suggested Friday that allegations against Sen. Trump has weighed in on the Moore controversy, she reminded them.

Danica Patrick to retire from racing after 2018 Indy 500 Danica Patrick to retire from racing after 2018 Indy 500 The team has pieced together sponsorship all year, but has sponsorship for Almirola next year that made Patrick expendable. The 35-year-old is exploring a number of options, according to Perez, as she's also in talks to join NBC Sports.

Red Kettle donations off to a slow start Red Kettle donations off to a slow start The bells have started ringing for the annual Salvation Army holiday kettle kick-off that marks the start of the holiday season. Douglas said anyone who wants to help the 2017 campaign can drop off donations in red kettles or at the Kroc Center.

JC Penney Company Inc (JCP) Holdings Increased by Evercore Trust Company, Na The Price to Sales (P/S) ratio of the stock is 0.07, while P/B (Price to Book) stands at 0.8. (NYSE:JCP) is -0.136916. The disclosure for this purchase can be found here. (JCP) now trades with a market capitalization of $982.13 Million.

HTC Vive tracker bundles launch next month to get you into VR HTC Vive tracker bundles launch next month to get you into VR You won't have to 3D print your own VR gun or tennis racket anymore because the HTC Vive Trackers are getting add-on accessories. Today, HTC has unveiled a series of brand-new bundles for their HTC Vive Tracker to celebrate the upcoming holiday season.

Ohio Supreme Court Justice writes Facebook post about sexual history Ohio Supreme Court Justice writes Facebook post about sexual history Betty Sutton , one of four other Democrats running for governor, has called for O'Neill to resign from the state high court. In 2012, I was elected by over 2 million Ohioans to serve on the Supreme Court of Ohio.