Economy

Revenue Estimates of: NetApp, Inc. (NTAP)

NetApp, Inc.'s now has a PEG ratio of 1.63 where as its P/E ratio is 23.98. Of those insider trades, 0 shares of NetApp, Inc. were purchased and 310,707 shares were sold.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. About 2.95 million shares traded.

Employees Retirement Of Texas reported 49,000 shares or 0.03% of all its holdings.

Gam Holding Ag increased At&T Inc (NYSE:T) stake by 1.23 million shares to 1.23 million valued at $46.54M in 2017Q2. Parallax Volatility Advisers Lp has 1,957 shares. Moreover, Exane Derivatives has 0% invested in NetApp, Inc. (NASDAQ:NTAP) for 151,022 shares. The rating was maintained by Piper Jaffray with "Buy" on Tuesday, October 3. 6,645 were accumulated by Cleararc. The insider now holds 3,371 shares of NetApp, Inc. BMO Capital Markets upgraded shares of NetApp from a market perform rating to an outperform rating and upped their price objective for the company from $43.00 to $62.00 in a research report on Thursday, November 16th. First Personal Financial Services now owns 2,764 shares of the data storage provider's stock valued at $121,000 after acquiring an additional 2,754 shares during the period. Trust Of Vermont has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 726,566 shares. Moreover, National Pension has 0.07% invested in NetApp, Inc. NetApp, Inc.'s beta is 1.23 whilst the stock has an average true range (ATR) of 1.41. (NASDAQ:NTAP). Clearbridge Investments Ltd owns 1,000 shares or 0% of their United States portfolio.

Recently, In an analyst report revealed to clients and investors on Tuesday, 3 October, NetApp (NASDAQ:NTAP) shares have had their Hold Rating maintained by investment analysts at Jefferies, who now has a $45.0 TP on firm. They now have a $45.0 TP on the firm. This target by Jefferies suggests the possibile downside of -21.30 % from the last stock close.

Among 44 analysts covering Netapp Inc. Of those analysts, 11 rate stock as a Strong Buy, 13 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 64% are positive. NTAP's average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of NTAP's future price movements. On Friday, October 9 the stock rating was initiated by Drexel Hamilton with "Hold". Blackhawk Network Holdings had 32 analyst reports since July 24, 2015 according to SRatingsIntel. (NASDAQ:NTAP) earned "Underweight" rating by Morgan Stanley on Thursday, November 16. Susquehanna has "Positive" rating and $42 target. Maxim Group raised their price objective on NetApp from $56.00 to $61.00 and gave the stock a "buy" rating in a research report on Thursday, November 16th. (NASDAQ:NTAP) on Thursday, August 17 with "Hold" rating.

The top 5 institutional holders, in ascending order, are as follows: PRIMECAP MANAGEMENT CO/CA/ with 40.26 million shares, VANGUARD GROUP INC with 27.28 million shares, BLACKROCK INC. with 21.12 million shares, WELLINGTON MANAGEMENT GROUP LLP with 12.41 million shares, and DODGE & COX with 12.2 million shares. The firm has "Reduce" rating given on Thursday, October 29 by Numis Securities. Goldman Sachs maintained it with "Sell" rating and $26 target in Thursday, August 18 report. The rating was maintained by Citigroup with "Neutral" on Thursday, May 26.

The stock increased 1.91% or $1.07 during the last trading session, reaching $57.21.

Hussman Strategic Advisors Inc decreased Zebra Technologies Corp (NASDAQ:ZBRA) stake by 25,000 shares to 75,000 valued at $7.54M in 2017Q2. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since December 6, 2016 and is uptrending. It has outperformed by 52.23% the S&P500. Jefferies maintained NetApp, Inc. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions. It has a 14.79 P/E ratio.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide.

More recent NetApp, Inc. Also Globenewswire.com published the news titled: "NetApp Strengthens Board of Directors with New Appointments" on November 15, 2017. Out of 3 Wall Street analysts rating Aircastle, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold".



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