EPS for NetApp, Inc. (NTAP) Expected At $0.68

August 10, 2018 - By Tina Thibodeau

NetApp, Inc. (NASDAQ:NTAP) LogoInvestors sentiment decreased to 0.86 in 2018 Q1. Its down 0.28, from 1.14 in 2017Q4. It is negative, as 50 investors sold NetApp, Inc. shares while 184 reduced holdings. 74 funds opened positions while 127 raised stakes. 235.67 million shares or 3.29% less from 243.70 million shares in 2017Q4 were reported.
Creative Planning holds 0% in NetApp, Inc. (NASDAQ:NTAP) or 5,190 shares. 630,500 were accumulated by Renaissance Technology Limited Co. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.12% in NetApp, Inc. (NASDAQ:NTAP). 10,708 are owned by Cornercap Counsel. Fincl Bank holds 13,517 shares or 0.01% of its portfolio. Global X Management Communication Llc invested in 0.01% or 10,238 shares. Comerica Bancshares has invested 0.05% in NetApp, Inc. (NASDAQ:NTAP). State Of Wisconsin Board invested 0.06% in NetApp, Inc. (NASDAQ:NTAP). Cibc Asset Mngmt reported 0.01% in NetApp, Inc. (NASDAQ:NTAP). Grantham Mayo Van Otterloo And Com Ltd Liability Com reported 124,600 shares. 778,381 were accumulated by California Pub Employees Retirement Sys. Chicago Equity Ltd Llc stated it has 0.02% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Gulf International Commercial Bank (Uk) Ltd, United Kingdom-based fund reported 82,881 shares. Lsv Asset Mgmt holds 0.06% or 618,200 shares. Geode Capital Limited Liability reported 0.07% in NetApp, Inc. (NASDAQ:NTAP).

Since March 2, 2018, it had 0 buys, and 21 sales for $20.25 million activity. REICH JOEL D also sold $698,674 worth of NetApp, Inc. (NASDAQ:NTAP) on Friday, March 2. Kurian George sold 30,253 shares worth $2.04M. HELD GERALD sold $349,916 worth of stock. The insider Hill Kathryn sold 26,997 shares worth $2.05M. The insider FAWCETT MATTHEW K sold $1.14 million.

Analysts expect NetApp, Inc. (NASDAQ:NTAP) to report $0.68 EPS on August, 15 after the close.They anticipate $0.16 EPS change or 30.77 % from last quarter’s $0.52 EPS. NTAP’s profit would be $177.85M giving it 30.36 P/E if the $0.68 EPS is correct. After having $0.94 EPS previously, NetApp, Inc.’s analysts see -27.66 % EPS growth. The stock decreased 0.46% or $0.38 during the last trading session, reaching $82.59. About 1.91 million shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 63.94% since August 10, 2017 and is uptrending. It has outperformed by 51.37% the S&P500.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 21 analysts covering NetApp (NASDAQ:NTAP), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. NetApp has $94 highest and $40 lowest target. $71.89’s average target is -12.96% below currents $82.59 stock price. NetApp had 33 analyst reports since February 13, 2018 according to SRatingsIntel. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Outperform” rating given on Friday, April 6 by BMO Capital Markets. The company was maintained on Wednesday, March 28 by UBS. The company was maintained on Thursday, May 24 by Morgan Stanley. The stock has “Buy” rating by Bank of America on Tuesday, February 13. The firm has “Hold” rating by William Blair given on Thursday, March 8. As per Tuesday, February 13, the company rating was maintained by Citigroup. The firm has “Buy” rating given on Thursday, May 24 by Piper Jaffray. The firm has “Hold” rating given on Thursday, February 15 by Wells Fargo. The company was maintained on Thursday, May 24 by Deutsche Bank. UBS maintained NetApp, Inc. (NASDAQ:NTAP) rating on Friday, April 6. UBS has “Buy” rating and $7300 target.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $21.60 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 294.96 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.

More recent NetApp, Inc. (NASDAQ:NTAP) news were published by: Nasdaq.com which released: “Investor Expectations to Drive Momentum within NetApp, eBay, The Boeing, HCP, Atossa Genetics, and Anavex Life …” on July 30, 2018. Also Nasdaq.com published the news titled: “Why NetApp, Inc. Stock Rose 42% in the First Half of 2018” on July 14, 2018. Gurufocus.com‘s news article titled: “Tiger Management’s Top Growth Picks” with publication date: August 09, 2018 was also an interesting one.

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

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