$0.87 EPS Expected for NetApp, Inc. (NTAP)

April 24, 2018 - By Graig Alexander

NetApp, Inc. (NASDAQ:NTAP) LogoInvestors sentiment decreased to 1.14 in Q4 2017. Its down 0.04, from 1.18 in 2017Q3. It dived, as 25 investors sold NetApp, Inc. shares while 162 reduced holdings. 93 funds opened positions while 120 raised stakes. 243.70 million shares or 0.52% less from 244.98 million shares in 2017Q3 were reported.
Raymond James Trust Na accumulated 0.02% or 4,677 shares. Clearbridge Ltd Company has 1,000 shares for 0% of their portfolio. Canada Pension Plan Board owns 830,333 shares or 0.09% of their US portfolio. Nuwave Invest Mgmt Ltd Liability Corp reported 12,266 shares or 0.8% of all its holdings. Prudential Fin, a New Jersey-based fund reported 383,175 shares. Paloma Management has invested 0.04% in NetApp, Inc. (NASDAQ:NTAP). Price T Rowe Associates Md holds 456,003 shares. Drw Secs Ltd Company has 0.02% invested in NetApp, Inc. (NASDAQ:NTAP) for 3,792 shares. Earnest Prns Ltd Liability Corporation has 0% invested in NetApp, Inc. (NASDAQ:NTAP) for 130 shares. Boston stated it has 12.13M shares or 0.79% of all its holdings. Veritable Ltd Partnership holds 0.01% or 4,514 shares in its portfolio. Riverhead Limited Company stated it has 0.6% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Capital Intll Sarl reported 72,100 shares. Alps Advsr owns 17,200 shares or 0.01% of their US portfolio. 826 were reported by Prelude Capital Limited Liability Company.

Since January 2, 2018, it had 0 buys, and 10 sales for $4.58 million activity. RICHARD HENRI P sold $323,409 worth of stock or 4,900 shares. NEVENS THOMAS MICHAEL had sold 20,000 shares worth $1.11M on Tuesday, January 2. $698,674 worth of NetApp, Inc. (NASDAQ:NTAP) shares were sold by REICH JOEL D.

Analysts expect NetApp, Inc. (NASDAQ:NTAP) to report $0.87 EPS on May, 23.They anticipate $0.15 EPS change or 20.83 % from last quarter’s $0.72 EPS. NTAP’s profit would be $233.10M giving it 19.64 P/E if the $0.87 EPS is correct. After having $0.85 EPS previously, NetApp, Inc.’s analysts see 2.35 % EPS growth. The stock decreased 0.45% or $0.31 during the last trading session, reaching $68.35. About 904,269 shares traded. NetApp, Inc. (NASDAQ:NTAP) has risen 49.61% since April 24, 2017 and is uptrending. It has outperformed by 38.06% the S&P500.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 24 analysts covering NetApp (NASDAQ:NTAP), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. NetApp had 45 analyst reports since October 27, 2017 according to SRatingsIntel. Barclays Capital maintained NetApp, Inc. (NASDAQ:NTAP) rating on Thursday, November 16. Barclays Capital has “Overweight” rating and $56 target. Citigroup maintained NetApp, Inc. (NASDAQ:NTAP) on Tuesday, February 13 with “Neutral” rating. The firm earned “Buy” rating on Thursday, November 16 by FBN Securities. The stock of NetApp, Inc. (NASDAQ:NTAP) has “Hold” rating given on Tuesday, November 14 by Wells Fargo. The firm earned “Sell” rating on Thursday, February 15 by Deutsche Bank. The rating was maintained by UBS on Wednesday, November 22 with “Buy”. The stock has “Outperform” rating by BMO Capital Markets on Friday, April 6. Argus Research maintained it with “Buy” rating and $60 target in Friday, November 17 report. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, November 14 report. The firm earned “Buy” rating on Thursday, November 16 by Maxim Group.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $18.31 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.

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

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