Investor's Watch List: NetApp, Inc. (NASDAQ:NTAP)

NetApp Inc. logo

Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 35.39. These analysts and investment firms use various valuation methods to decide a price target for a stock.

02/14/2017 - NetApp, Inc. had its "sector perform" rating reiterated by analysts at RBC Capital.

The share price of the company (NASDAQ:NTAP) was down -0.15%, with a high of 39.90 during the day and the volume of NetApp, Inc. shares traded was 2930378. (NASDAQ:NTAP). It was known after Alpha One counted news for the day. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

11/17/2016 - NetApp, Inc. was downgraded to "hold" by analysts at Maxim Group.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in NetApp, Inc. (NASDAQ:NTAP) to Negative with no specific Price Target. (NASDAQ:NTAP). According to First Call, the current consensus target price on shares is sitting at $37.04. NetApp has a one year low of $22.50 and a one year high of $39.90.

Several sell side analysts reviewed their recommendations on NetApp, Inc. The consensus 12-month price target from analysts covering the stock is $37.04. Eleven investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have assigned a buy rating to the stock. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

NetApp reported 90% of FAS systems shipped this quarter were with next-gen Clustered ONTAP, bringing the total to 40% of the installed base and helping drive strategic revenue up 22% y/y.

In front of third-quarter earnings release on Wednesday, Feb 15, 2017, 31 analysts are forecasting profits of $0.74 per share, with views ranging from an ultra-tight $0.71 to $0.77.

In recent action, NetApp, Inc. This number was $0.04 off from analysts figure, depicting variance of 10.53%. During the same quarter in the prior year, the company posted $0.70 EPS. Thus the company showed an Earnings Surprise of 11.1 Percent. In the final minutes of trading on Wednesday, shares hit $38.93, a climb of 69 percent in the last 12 months. Following the completion of the transaction, the chief executive officer now directly owns 32,396 shares of the company's stock, valued at approximately $1,247,246. BlackRock Fund Advisors now owns 5,001,396 shares of the data storage provider's stock valued at $179,150,000 after buying an additional 142,765 shares during the last quarter. The price moves in NetApp, Inc. post earnings have produced an average increase of 5.72% and an average increase of 7.43% on next day and seventh day, sequentially. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/02/14/ardevora-asset-management-llp-purchases-shares-of-756700-netapp-inc-ntap-2.html. The Return on Investment (ROI) is at 4.4% while it's Return on Equity (ROE) value stands at 11%.

Non-GAAP operating expenses as a percentage of revenues declined 530 bps from the year-ago quarter and 670 bps sequentially exhibiting benefits from the company's ongoing cost reduction initiatives.

The stock now has its Annual Dividend of $0.76 and an annual Dividend Yield of 1.92 Percent. Airain ltd now owns 28,922 shares of the data storage provider's stock worth $711,000 after buying an additional 8,464 shares during the last quarter.

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