NetApp, Inc. (NTAP) Analysts See $0.87 EPS

November 10, 2018 - By Vivian Park

NetApp, Inc. (NASDAQ:NTAP) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.26, from 0.86 in 2018Q1. It improved, as 37 investors sold NetApp, Inc. shares while 168 reduced holdings. 73 funds opened positions while 157 raised stakes. 235.68 million shares or 0.00% more from 235.67 million shares in 2018Q1 were reported.
The Florida-based Eagle Asset has invested 0.02% in NetApp, Inc. (NASDAQ:NTAP). Foundry Partners Llc has invested 0.01% in NetApp, Inc. (NASDAQ:NTAP). 504,170 were reported by Alliancebernstein L P. Qs Investors Ltd Co has 0.03% invested in NetApp, Inc. (NASDAQ:NTAP). Shamrock Asset Limited Liability Company reported 0.04% in NetApp, Inc. (NASDAQ:NTAP). Grp One Trading L P reported 2,868 shares. Fca Corporation Tx has 0.28% invested in NetApp, Inc. (NASDAQ:NTAP) for 9,000 shares. The United Kingdom-based Lombard Odier Asset (Europe) has invested 0.02% in NetApp, Inc. (NASDAQ:NTAP). Arizona State Retirement Systems has invested 0.14% in NetApp, Inc. (NASDAQ:NTAP). 164,837 were reported by Oregon Employees Retirement Fund. Laurion Mngmt Ltd Partnership holds 0.03% or 52,674 shares in its portfolio. First Personal Fincl Ser reported 100 shares. Advisors Asset Mngmt holds 36,300 shares or 0.02% of its portfolio. Lombard Odier Asset Management (Switzerland) stated it has 0.37% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Principal Financial Grp Inc Inc has 415,833 shares.

Since May 16, 2018, it had 0 insider buys, and 21 insider sales for $26.23 million activity. 2,525 shares were sold by RICHARD HENRI P, worth $196,680 on Friday, June 15. The insider REICH JOEL D sold $1.56 million. $2.99 million worth of NetApp, Inc. (NASDAQ:NTAP) shares were sold by Kurian George. $2.05M worth of stock was sold by Hill Kathryn on Wednesday, June 13. FAWCETT MATTHEW K also sold $1.14M worth of NetApp, Inc. (NASDAQ:NTAP) shares.

Analysts expect NetApp, Inc. (NASDAQ:NTAP) to report $0.87 EPS on November, 21.They anticipate $0.17 EPS change or 24.29 % from last quarter’s $0.7 EPS. NTAP’s profit would be $225.57M giving it 23.47 P/E if the $0.87 EPS is correct. After having $0.92 EPS previously, NetApp, Inc.’s analysts see -5.43 % EPS growth. The stock decreased 1.42% or $1.18 during the last trading session, reaching $81.66. About 2.96M shares traded or 14.45% up from the average. NetApp, Inc. (NASDAQ:NTAP) has risen 113.35% since November 11, 2017 and is uptrending. It has outperformed by 97.73% the S&P500.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 17 analysts covering NetApp (NASDAQ:NTAP), 10 have Buy rating, 1 Sell and 6 Hold. Therefore 59% are positive. NetApp had 22 analyst reports since May 24, 2018 according to SRatingsIntel. The stock has “Buy” rating by Barclays Capital on Thursday, May 24. The stock has “Sell” rating by Deutsche Bank on Thursday, August 16. The rating was maintained by UBS with “Buy” on Monday, June 25. Piper Jaffray maintained the stock with “Buy” rating in Thursday, May 24 report. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Buy” rating given on Thursday, May 24 by Maxim Group. The firm has “Neutral” rating by Citigroup given on Monday, August 13. The rating was maintained by RBC Capital Markets on Friday, August 10 with “Sector Perform”. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Outperform” rating given on Thursday, August 16 by BMO Capital Markets. Morgan Stanley maintained NetApp, Inc. (NASDAQ:NTAP) rating on Thursday, May 24. Morgan Stanley has “Equal-Weight” rating and $65 target. The rating was maintained by Robert W. Baird with “Hold” on Thursday, May 24.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $21.17 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 97.56 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.

Another recent and important NetApp, Inc. (NASDAQ:NTAP) news was published by which published an article titled: “Goldman Sachs Turns Bullish On NetApp, Upgrades Pure Storage To Neutral” on October 17, 2018.

NetApp, Inc. (NASDAQ:NTAP) Institutional Positions Chart

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