Economy

Morgan Stanley Boosts NetApp (NTAP) Price Target to $64.00

Following the completion of the sale, the director now directly owns 17,000 shares in the company, valued at $946,390. The institutional investor held 105,488 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $4.54M, up from 93,727 at the end of the previous reported quarter. The company has market cap of $18.08 billion. The stock decreased 0.15% or $0.1 during the last trading session, reaching $67.47. About 2.61 million shares traded. (NASDAQ:NTAP) has "Overweight" rating given on Tuesday, February 14 by PiperJaffray. It has outperformed by 38.06% the S&P500. The stock was sold at an average price of $59.48, for a total value of $417,549.60. Over the last three months, insiders sold 41,427 shares of company stock worth $2,543,687. Nbt Bank N A who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $477.93B market cap company. The stock increased 1.51% or $1.67 during the last trading session, reaching $112.47. United Therapeutics Corporation (NASDAQ:UTHR) has declined 23.69% since April 14, 2017 and is downtrending. It has underperformed by 3.07% the S&P500. $241,076 worth of NetApp, Inc. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the company's stock. Therefore 37% are positive. NetApp had 43 analyst reports since October 27, 2017 according to SRatingsIntel. The stock of NetApp, Inc. NetApp, Inc. (NASDAQ:NTAP) has risen 49.61% since April 15, 2017 and is uptrending. As per Wednesday, November 22, the company rating was maintained by UBS. The firm earned "Hold" rating on Sunday, December 10 by RBC Capital Markets. As per Thursday, August 20, the company rating was maintained by Oppenheimer. As per Thursday, November 16, the company rating was maintained by Raymond James.

NASDAQ:NTAP opened at $67.47 on Friday. (NASDAQ:NTAP) on Thursday, May 26 with "Sector Weight" rating. Monness Crespi upgraded the stock to "Neutral" rating in Thursday, February 18 report.

Investors sentiment decreased to 1.14 in Q4 2017. This represents a $0.76 dividend on an annualized basis and a yield of 1.79%. During the same quarter a year ago, the company earned $0.70 earnings per share. Loop Capital upgraded NetApp, Inc.

Kbc Group Nv decreased its stake in Netapp Inc (NTAP) by 5.7% based on its latest 2017Q4 regulatory filing with the SEC. (NASDAQ:NTAP). Paloma Partners Com holds 0.04% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Nelson Roberts Advsrs Limited Liability Co reported 1,804 shares. Lingohr Partner Asset Mgmt Gmbh holds 0.88% or 11,308 shares in its portfolio. (NASDAQ:NTAP). Utah Retirement has 0.06% invested in NetApp, Inc. (NASDAQ:NTAP). 6,860 were accumulated by Cleararc. Cross Research upgraded NetApp, Inc. (NASDAQ:NTAP). Fifth Third Retail Bank invested in 0% or 1,158 shares. Clinton Group Inc invested in 0.18% or 36,189 shares. Acadian Asset Mgmt Ltd Limited Liability Company holds 0.11% of its portfolio in NetApp, Inc. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 50,530 shares. Finally, USA Financial Portformulas Corp bought a new position in NetApp during the 4th quarter valued at about $518,000.

Several research analysts have recently weighed in on NTAP shares.

Since January 2, 2018, it had 0 insider buys, and 7 insider sales for $3.65 million activity. REICH JOEL D sold 11,641 shares worth $698,674. (NASDAQ:NTAP) was sold by NEVENS THOMAS MICHAEL on Tuesday, January 2.

Analysts await NetApp, Inc. (NASDAQ:FB) to report earnings on May, 2. They expect $0.86 earnings per share, up 19.44% or $0.14 from last year's $0.72 per share. NTAP's profit will be $230.42 million for 19.61 P/E if the $0.86 EPS becomes a reality. The data storage provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. (NASDAQ:NTAP) for 453,818 shares. The insider Sandberg Sheryl sold $9.61M. About 2.61 million shares traded. Its up 0.15, from 0.99 in 2017Q3. It increased, as 57 investors sold FB shares while 621 reduced holdings.

Hedge funds have recently made changes to their positions in the stock. (NASDAQ:FB) for 42,771 shares. Aqr Capital Mngmt Ltd Liability owns 127,968 shares. Navellier And Associates has invested 0.09% of its portfolio in Facebook, Inc. Amica Pension Fund Board Of Trustees holds 21,724 shares or 0.14% of its portfolio. Wetherby Asset Management Inc. bought a new position in NetApp during the 4th quarter valued at about $224,000. Cordasco Networks has 0.37% invested in Facebook, Inc. Shelton Cap holds 0.03% or 3,201 shares in its portfolio. Keybank National Association Oh holds 737,921 shares or 0.75% of its portfolio. Great Lakes Advisors Limited reported 51,608 shares. Patten Group Inc reported 9,100 shares. Parkside Bancorp Tru invested in 237 shares. (NASDAQ:FB) for 30,459 shares.

Research analysts at JPMorgan Chase began coverage on shares of NetApp (NASDAQ:NTAP) in a report released on Friday, Marketbeat.com reports. Therefore 91% are positive. Sanofi-aventis Sa had 25 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:NTAP) on Monday, February 12 with "Buy" rating. The firm also provides ONTAP storage operating system for data protection and security; SANtricity storage operating system, which provides performance, reliability, and data protection for application-driven workloads; SolidFire element operating system; NetApp StorageGRID Webscale software that allows clients to store and manage massive amounts of data on premises and in the cloud; NetApp integrated data protection solutions; OnCommand management software and management integration tools; and FlexArray storage virtualization software. Morgan Stanley maintained NetApp, Inc. The firm has "Buy" rating by UBS given on Wednesday, March 28. Credit Suisse maintained Facebook, Inc. The rating was maintained by Argus Research with "Buy" on Friday, November 17.



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