$0.74 EPS Expected for NetApp, Inc. (NTAP)

January 18, 2018 - By Clifton Ray

 $0.74 EPS Expected for NetApp, Inc. (NTAP)
Investors sentiment is 1.18 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 38 investors sold NetApp, Inc. shares while 129 reduced holdings. only 58 funds opened positions while 139 raised stakes. 244.98 million shares or 0.92% more from 242.73 million shares in 2017Q2 were reported.
Lpl Limited Liability Co, California-based fund reported 15,334 shares. Vanguard Group reported 27.28 million shares. Norinchukin Bancorp The holds 0.05% or 62,203 shares. Northern Tru reported 0.04% in NetApp, Inc. (NASDAQ:NTAP). Panagora Asset Mgmt Inc holds 829,602 shares. Moreover, Victory has 0.01% invested in NetApp, Inc. (NASDAQ:NTAP) for 90,279 shares. National Pension holds 319,871 shares. Artemis Limited Liability Partnership owns 210,900 shares or 0.19% of their US portfolio. Afam Capital Inc invested 0.1% in NetApp, Inc. (NASDAQ:NTAP). 74,758 are owned by Texas Permanent School Fund. Huntington Comml Bank invested in 0% or 1,524 shares. Ameritas Inv Inc holds 6,233 shares or 0.01% of its portfolio. Cornercap Counsel owns 127,602 shares for 0.78% of their portfolio. Wells Fargo & Mn holds 0.03% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 2.34M shares. Security Natl Trust Co stated it has 600 shares or 0.01% of all its holdings.

Since July 31, 2017, it had 0 insider purchases, and 9 sales for $3.95 million activity. The insider RICHARD HENRI P sold $86,722. Another trade for 6,500 shares valued at $362,686 was made by REICH JOEL D on Wednesday, January 3. On Friday, September 29 WALLACE RICHARD P sold $1.48M worth of NetApp, Inc. (NASDAQ:NTAP) or 34,000 shares. Another trade for 20,000 shares valued at $1.11M was sold by NEVENS THOMAS MICHAEL.

Analysts expect NetApp, Inc. (NASDAQ:NTAP) to report $0.74 EPS on February, 21.They anticipate $0.02 EPS change or 2.78 % from last quarter’s $0.72 EPS. NTAP’s profit would be $197.42 million giving it 21.48 P/E if the $0.74 EPS is correct. After having $0.70 EPS previously, NetApp, Inc.’s analysts see 5.71 % EPS growth. The stock increased 2.12% or $1.32 during the last trading session, reaching $63.59. About 1.81 million shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since January 18, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 44 analysts covering Netapp Inc. (NASDAQ:NTAP), 14 have Buy rating, 8 Sell and 22 Hold. Therefore 32% are positive. Netapp Inc. had 139 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, May 24. The firm has “Hold” rating by Raymond James given on Thursday, August 17. The rating was initiated by JMP Securities on Wednesday, December 16 with “Mkt Underperform”. RBC Capital Markets maintained NetApp, Inc. (NASDAQ:NTAP) rating on Thursday, September 7. RBC Capital Markets has “Hold” rating and $45.0 target. BTIG Research maintained the shares of NTAP in report on Thursday, November 16 with “Hold” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 21. UBS upgraded the stock to “Buy” rating in Tuesday, September 19 report. The firm has “Neutral” rating by Robert W. Baird given on Thursday, February 18. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Overweight” rating given on Thursday, November 16 by Barclays Capital. As per Wednesday, August 16, the company rating was maintained by Drexel Hamilton.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $16.97 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 27.35 P/E ratio. 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.

More news for NetApp, Inc. (NASDAQ:NTAP) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: Torchmark, CSRA and NetApp” on January 02, 2018. Nasdaq.com‘s article titled: “NetApp (NTAP) Hits 52-Week High: What’s Behind the Rally?” and published on January 11, 2018 is yet another important article.

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