3 days Ago By Defense World Staff
Shares of NetApp, Inc. ( NASDAQ:NTAP – Get Free Report ) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and five have assigned a buy recommendation to the company.
The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $129.06. A number of research analysts recently weighed in on NTAP shares.
Citigroup upped their price target on NetApp from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th.
Susquehanna reaffirmed a “positive” rating and set a $155.00 price target on shares of NetApp in a research note on Monday, August 26th. Loop Capital raised NetApp from a “hold” rating to a “buy” rating and upped their price target for the stock from $121.
00 to $150.00 in a research note on Tuesday, September 3rd. Wedbush reaffirmed a “neutral” rating and set a $120.
00 price target on shares of NetApp in a research note on Monday, August 26th. Finally, UBS Group upped their price target on NetApp from $121.00 to $134.
00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Check Out Our Latest Report on NetApp Insiders Place Their Bets Institutional Investors Weigh In On NetApp A number of institutional investors and hedge funds have recently made changes to their positions in NTAP. Acadian Asset Management LLC raised its position in NetApp by 48.
3% during the first quarter. Acadian Asset Management LLC now owns 2,375,366 shares of the data storage provider’s stock valued at $249,307,000 after purchasing an additional 773,773 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of NetApp by 59.
6% during the second quarter. AQR Capital Management LLC now owns 1,643,146 shares of the data storage provider’s stock valued at $211,637,000 after buying an additional 613,583 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NetApp by 8.
2% during the third quarter. Geode Capital Management LLC now owns 5,985,673 shares of the data storage provider’s stock valued at $738,280,000 after buying an additional 453,324 shares during the last quarter. TCW Group Inc.
bought a new position in shares of NetApp during the second quarter valued at about $56,313,000. Finally, APG Asset Management US Inc. bought a new position in shares of NetApp during the second quarter valued at about $48,074,000.
Hedge funds and other institutional investors own 92.17% of the company’s stock. NetApp Trading Up 1.
8 % NASDAQ NTAP opened at $119.34 on Friday. The business’s 50-day moving average price is $121.
26 and its two-hundred day moving average price is $122.23. NetApp has a 12 month low of $77.
08 and a 12 month high of $135.01. The firm has a market capitalization of $24.
44 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.
24. The company has a current ratio of 0.96, a quick ratio of 0.
91 and a debt-to-equity ratio of 1.34. NetApp ( NASDAQ:NTAP – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 28th.
The data storage provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.
11. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.
53 billion. NetApp had a return on equity of 121.41% and a net margin of 17.
01%. The firm’s revenue was up 7.6% compared to the same quarter last year.
During the same period in the previous year, the business earned $0.84 EPS. On average, analysts expect that NetApp will post 5.
71 EPS for the current year. NetApp Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th were given a dividend of $0.
52 per share. The ex-dividend date was Friday, October 4th. This represents a $2.
08 annualized dividend and a dividend yield of 1.74%. NetApp’s dividend payout ratio is currently 40.
62%. NetApp Company Profile ( Get Free Report NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could.
The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. See Also Five stocks we like better than NetApp Dividend Payout Ratio Calculator Is Monolithic Power Systems a Screaming Buy After Near 40% Drop? What is an Earnings Surprise? Applied Materials Market Capitulates: Now is the Time to Buy The How And Why of Investing in Oil Stocks 3 Ultra-High Dividend Yield Stocks for the New Year Receive News & Ratings for NetApp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetApp and related companies with MarketBeat.com's FREE daily email newsletter .
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