Are Netapp Inc (NDAQ:NTAP) Shares Headed North? Credit Suisse Issues Upgrade

As per Saturday, November 19, the company rating was upgraded by Commerzbank. Pivotal Research downgraded it to "Buy" rating and $105 target in Thursday, May 11 report. Stock traders bought 13,364 call options on the company. Ontario Teachers Pension Plan Board holds 0.02% in NetApp Inc. (NASDAQ:NTAP) rating on Tuesday, September 8. Goldman Sachs has "Sell" rating and $23 target.

NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. Insiders sold 35,422 shares of company stock valued at $1,490,498 over the last 90 days. Toron Capital Markets Inc acquired 131,120 shares as Rogers Communications Inc (RCI)'s stock rose 4.21%. Pacific Crest maintained NetApp Inc. The stock declined 1.31% or $0.52 reaching $39.46 on the news. NTAP trades with a P/S ratio of 2.03.

In the quarter ending October 2016, NetApp, Inc. delivered an even larger earnings beat. It has outperformed by 52.23% the S&P500.

About 125,509 shares traded. It has underperformed by 5.24% the S&P500.

Investors sentiment decreased to 0.95 in Q4 2016. This represents a $0.80 dividend on an annualized basis and a yield of 2.02%. It worsened, as 52 investors sold Post Holdings Inc shares while 94 reduced holdings. 20 funds opened positions while 37 raised stakes. First Manhattan owns 28 shares or 0% of their USA portfolio. The other 4 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. The weekly volatility of PPP is 5.84% and monthly volatility is 6.52%.

Americafirst Management Limited Liability Corp owns 15,013 shares for 0% of their portfolio. Smithfield Tru Co has 0.01% invested in Post Holdings Inc (NYSE:POST) for 1,074 shares. Sector Pension Investment Board holds 0.27% or 722,825 shares. Finemark Bancorp has 5,713 shares. (NASDAQ:NTAP). Petrus Trust Lta invested in 2.3% or 265,645 shares. Marshall Wace Limited Liability Partnership holds 0.11% or 455,914 shares.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. A beta of greater than 1 indicates that the security's price will be more volatile than the market. The Company's Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal activities and the business of MOM Brands.

05/15/2017 - NetApp, Inc. was upgraded to " by analysts at OTR Global. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. Therefore 24% are positive. Analysts are forecasting NetApp, Inc.to report revenue of about $1.32B, versus the $1.29B posted past year. The stock has "Hold" rating by Maxim Group on Thursday, November 17. The company was upgraded on Thursday, April 6 by JMP Securities. Netapp now has $10.81B valuation. The company was maintained on Thursday, February 18 by Credit Suisse. (USA) (NYSE:RCI) on Friday, December 4 with "Neutral" rating. The firm has "Overweight" rating by PiperJaffray given on Tuesday, February 14.

Since November 30, 2016, it had 0 insider buys, and 14 insider sales for $5.67 million activity. On Wednesday, March 1 the insider Kurian George sold $168,080. On Friday, November 18 REICH JOEL D sold $51,984 worth of NetApp Inc. 25,000 NetApp Inc. (NASDAQ:NTAP) shares with value of $986,250 were sold by FAWCETT MATTHEW K. (NASDAQ:NTAP). 16,811 are held by Shell Asset Com.

In related news, Director Alan L. Earhart sold 27,422 shares of the firm's stock in a transaction that occurred on Wednesday, March 8th. The insider HELD GERALD sold 20,000 shares worth $729,098.

04/05/2017 - NetApp, Inc. had its " rating reiterated by analysts at RBC Capital. (NASDAQ:NTAP) was sold by Kurian George.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.06, from 1.01 in 2016Q3.

05/17/2017 - NetApp, Inc. had its " rating reiterated by analysts at Bank of America Merrill Lynch. 68 funds opened positions while 118 raised stakes. 248.10 million shares or 2.87% less from 255.42 million shares in 2016Q3 were reported. Moreover, Alliancebernstein L P has 0.02% invested in NetApp Inc. (NASDAQ:NTAP) rating on Monday, April 3. Old Mutual Customised Solutions (Proprietary) owns 2,300 shares. (NTAP) has made a move of -0.18% over the past month, which has come on weak relative transaction volume. (NASDAQ:NTAP). Moreover, Cornerstone Advsrs has 0% invested in NetApp Inc.

NTAP has been the topic of several research analyst reports. BlackRock Inc. raised its position in NetApp by 1,529.1% in the first quarter. BAA's SI was 1.50M shares in May as released by FINRA. Bancshares Of Nova Scotia accumulated 0% or 6,338 shares. Calvert Invest stated it has 15,117 shares. The original version of this news story can be accessed at https://transcriptdaily.com/2017/05/26/alethea-capital-management-llc-invests-336000-in-netapp-inc-ntap-updated.html.

  • Zachary Reyes