This is what analysts have to say about NetApp, Inc. (NASDAQ:NTAP) after last week.

March 20, 2018 - By Kenneth Lin

 This is what analysts have to say about NetApp, Inc. (NASDAQ:NTAP) after last week.
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.
State Board Of Administration Of Florida Retirement stated it has 0.05% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Public Employees Retirement Systems Of Ohio has 0.02% invested in NetApp, Inc. (NASDAQ:NTAP) for 106,171 shares. Amica Retiree Tru has 0.11% invested in NetApp, Inc. (NASDAQ:NTAP). Sirios Cap Mngmt Limited Partnership holds 2.34 million shares or 5.36% of its portfolio. Bnp Paribas Arbitrage Sa owns 423,537 shares. Prudential holds 375,401 shares. Geode Cap Mgmt Lc stated it has 0.05% in NetApp, Inc. (NASDAQ:NTAP). Reynders Mcveigh Capital Mngmt invested 0.08% in NetApp, Inc. (NASDAQ:NTAP). First Manhattan Co invested in 0% or 28 shares. First Personal Finance Svcs holds 0.03% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 2,764 shares. 158 are owned by Johnson Grp. Ellington Mngmt Group Limited Liability Corp has 0.09% invested in NetApp, Inc. (NASDAQ:NTAP). Brown Brothers Harriman & Communication stated it has 0% in NetApp, Inc. (NASDAQ:NTAP). Sumitomo Mitsui Asset Mngmt stated it has 21,610 shares or 0.01% of all its holdings. Old Mutual Customised Solutions (Proprietary) Limited holds 2,300 shares.

Since September 29, 2017, it had 0 buys, and 9 sales for $5.22 million activity. RICHARD HENRI P sold $86,722 worth of stock. $417,550 worth of stock was sold by Kurian George on Monday, February 5. On Friday, March 2 REICH JOEL D sold $698,674 worth of NetApp, Inc. (NASDAQ:NTAP) or 11,641 shares. $1.11 million worth of NetApp, Inc. (NASDAQ:NTAP) was sold by NEVENS THOMAS MICHAEL on Tuesday, January 2.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 46 analysts covering Netapp Inc. (NASDAQ:NTAP), 16 have Buy rating, 7 Sell and 23 Hold. Therefore 35% are positive. Netapp Inc. had 153 analyst reports since August 17, 2015 according to SRatingsIntel. Citigroup maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, May 26 with “Neutral” rating. The stock of NetApp, Inc. (NASDAQ:NTAP) earned “Sector Perform” rating by RBC Capital Markets on Thursday, November 17. JMP Securities initiated the stock with “Mkt Underperform” rating in Wednesday, December 16 report. The stock has “Buy” rating by FBN Securities on Thursday, November 16. The stock has “Buy” rating by Drexel Hamilton on Thursday, November 17. On Monday, October 26 the stock rating was downgraded by UBS to “Sell”. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Overweight” rating given on Tuesday, February 14 by Piper Jaffray. The stock has “Underweight” rating by Barclays Capital on Wednesday, October 14. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Sell” rating given on Thursday, August 18 by Summit Redstone Partners. The firm has “Hold” rating by Cantor Fitzgerald given on Thursday, August 20. Below is a list of NetApp, Inc. (NASDAQ:NTAP) latest ratings and price target changes.

08/03/2018 Broker: William Blair Rating: Hold Maintain
16/02/2018 Broker: DA Davidson Old Rating: Neutral New Rating: Buy Old Target: $64 Upgrade
15/02/2018 Broker: Deutsche Bank Old Rating: Sell New Rating: Sell Old Target: $37 New Target: $40 Maintain
15/02/2018 Broker: Wells Fargo Rating: Hold New Target: $62.0 Maintain
15/02/2018 Broker: Lake Street Rating: Buy New Target: $62.0 Maintain
14/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $63.0 Maintain
13/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $53 New Target: $62 Maintain
12/02/2018 Broker: Susquehanna Rating: Buy New Target: $65.0 Maintain
13/02/2018 Broker: Loop Capital Old Rating: Hold New Rating: Buy Old Target: $50 Upgrade
13/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.45% or $0.28 during the last trading session, reaching $63.12. About 763,064 shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 68.93% since March 20, 2017 and is uptrending. It has outperformed by 52.23% the S&P500.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $16.91 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 currently has negative earnings. 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.

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