Let's have a look at some of the important valuation ratios of the NetApp, Inc. The company has market cap of $14.30 billion. BidaskClub lowered NetApp from a "buy" rating to a "hold" rating in a research report on Saturday, August 12th. Eleven analysts have rated the stock with a sell rating, twenty-five have given a hold rating and six have issued a buy rating to the stock. They set a "hold" rating and a $54.00 price objective for the company.
Shares of NetApp (NASDAQ:NTAP) traded up 1.33% during trading on Tuesday, hitting $35.93. About 48,800 shares traded.
Price to Sale ratio of the company stands at 2.22 while Price to Book Ratio stands at 4.45. NetApp has a 1-year low of $20.66 and a 1-year high of $39.00. Netapp Inc. has recorded a 50-day average of $40.69 and a two hundred day average of $40.73. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and global copyright law. (NTAP) Has Surged To A New High On Strong Q2 Earnings" published on November 16, 2017, Fool.com published: "Why NetApp Inc.
For the current quarter, 28 analysts are projecting a mean EPS of $0.9/share.
Parker contends, "Looking forward, bears will point out that the gravy train of negative product growth comparisons starts to end in January (+5%) and will reverse in April (+13%), which is true, but the combination of gross margin recovery, solid sequential performance, product portfolio overhaul and expansion, and resolutely bullish tone from management imbue us with a sense of confidence we haven't had with NetApp in a long time". Last quarter, the company saw 1.33 billion in total revenues. During the same period in the prior year, the company earned $0.60 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that NetApp will post $2.57 EPS for the current fiscal year. The firm earned "Market Perform" rating on Wednesday, January 6 by JMP Securities. The ex-dividend date of this dividend is Wednesday, January 4th. Its down 0.05, from 1.23 in 2017Q1. NetApp's dividend payout ratio is presently 69.09%. If you are reading this news story on another publication, it was stolen and reposted in violation of worldwide trademark and copyright legislation. The correct version of this piece can be accessed at https://www.truebluetribune.com/2017/11/17/netapp-inc-ntap-holdings-raised-by-advisor-group-inc.html. Kurian George also sold $160,480 worth of NetApp Inc.
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The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 28.58%, and has a solid year to date (YTD) performance of 50.58% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $37.98, for a total value of $173,568.60. Following the completion of the sale, the director now directly owns 24,132 shares of the company's stock, valued at $1,050,465.96. The disclosure for this sale can be found here.
The company now has an insider ownership of 0.1 Percent and Institutional ownership of 97.7 Percent.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTAP. Neuberger Berman Group LLC lifted its holdings in NetApp by 0.7% during the 2nd quarter. LPL Financial LLC bought a new stake in NetApp during the third quarter worth about $609,000. Contravisory Investment Management Inc. lifted its stake in shares of NetApp by 0.6% in the 2nd quarter.
On 11/15/2017, Wells Fargo released a statement on Netapp Inc.
NetApp, Inc. provides software, systems and services to manage and store customer data. Finally, Louisiana State Employees Retirement System lifted its stake in shares of NetApp by 0.6% in the 2nd quarter. Over the last quarter, insiders sold 74,343 shares of company stock valued at $3,302,273.