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

November 10, 2018 - By Mona Holcomb

NetApp, Inc. (NASDAQ:NTAP) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.26, from 0.86 in 2018Q1. It is positive, 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.
Endurance Wealth Management Inc has invested 0% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Fifth Third Savings Bank has 1,429 shares for 0% of their portfolio. Chicago Equity Prtn accumulated 22,275 shares. Millennium Ltd Liability Co, a New York-based fund reported 1.03M shares. 13,900 are held by Marco Invest Mgmt Limited Liability Corp. Nomura Inc accumulated 54,206 shares. Northwestern Mutual Wealth Mngmt Commerce has 0% invested in NetApp, Inc. (NASDAQ:NTAP). Csat Invest Advisory L P holds 117 shares. Decatur Capital Mgmt accumulated 1.12% or 72,025 shares. Metropolitan Life Insur New York reported 53,720 shares. Tdam Usa Incorporated owns 11,107 shares or 0.06% of their US portfolio. Meiji Yasuda Asset Mngmt Ltd invested 0.04% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Prescott Mgmt Ltd Liability has invested 0.15% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Hanseatic Management Services has invested 1.82% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Roystone Mgmt L P holds 1.39% or 203,200 shares.

Since May 16, 2018, it had 0 insider buys, and 21 sales for $26.23 million activity. RICHARD HENRI P sold 2,525 shares worth $200,997. REICH JOEL D sold $621,443 worth of stock or 7,157 shares. HELD GERALD had sold 4,500 shares worth $349,916. Hill Kathryn had sold 26,997 shares worth $2.05M on Wednesday, June 13. FAWCETT MATTHEW K had sold 16,188 shares worth $1.14 million on Monday, June 4.

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 2.96 million 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. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, August 16 report. The rating was maintained by Deutsche Bank on Thursday, May 24 with “Sell”. Bank of America maintained NetApp, Inc. (NASDAQ:NTAP) rating on Monday, August 13. Bank of America has “Buy” rating and $90 target. Deutsche Bank maintained the shares of NTAP in report on Thursday, August 16 with “Sell” rating. Wells Fargo maintained NetApp, Inc. (NASDAQ:NTAP) rating on Wednesday, June 20. Wells Fargo has “Hold” rating and $8000 target. The firm earned “Sector Perform” rating on Friday, August 10 by RBC Capital Markets. Maxim Group maintained NetApp, Inc. (NASDAQ:NTAP) rating on Thursday, May 24. Maxim Group has “Buy” rating and $8100 target. Piper Jaffray maintained the stock with “Buy” rating in Thursday, May 24 report. The firm has “Neutral” rating given on Tuesday, October 23 by Susquehanna. Maxim Group maintained it with “Buy” rating and $91 target in Thursday, August 16 report.

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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