Can analysts adopt a bullish outlook for NetApp, Inc. (NASDAQ:NTAP)?

NetApp, Inc. (NASDAQ:NTAP) Logo
Investors sentiment increased to 0.84 in 2019 Q1. Its up 0.07, from 0.77 in 2018Q4. It improved, as 47 investors sold NetApp, Inc. shares while 181 reduced holdings. 66 funds opened positions while 126 raised stakes. 230.81 million shares or 0.67% less from 232.37 million shares in 2018Q4 were reported.
Fund Mngmt Sa has invested 0.03% in NetApp, Inc. (NASDAQ:NTAP). Moreover, Swiss National Bank & Trust has 0.06% invested in NetApp, Inc. (NASDAQ:NTAP) for 842,638 shares. Pillar Pacific Cap Ltd Llc invested in 0.03% or 3,614 shares. Ohio-based Victory Cap Management has invested 0.01% in NetApp, Inc. (NASDAQ:NTAP). Invesco Ltd owns 5.11M shares for 0.12% of their portfolio. First Allied Advisory holds 3,968 shares. The Kentucky-based Renaissance Group Limited Company has invested 0.04% in NetApp, Inc. (NASDAQ:NTAP). Etrade Capital Mgmt Lc reported 0.02% stake. Shellback Limited Partnership accumulated 200,325 shares. Asset Mngmt One stated it has 0.05% of its portfolio in NetApp, Inc. (NASDAQ:NTAP). Lord Abbett & Co Ltd holds 0.11% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 496,336 shares. Stone Ridge Asset Mngmt Lc stated it has 39,448 shares. Millennium Management has 0.11% invested in NetApp, Inc. (NASDAQ:NTAP). Commonwealth State Bank Of has 29,375 shares. Moors Cabot holds 3,200 shares or 0.01% of its portfolio.

NetApp, Inc. (NASDAQ:NTAP) Ratings Coverage

Among 7 analysts covering NetApp (NASDAQ:NTAP), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. NetApp has $89 highest and $4100 lowest target. $60.38’s average target is 7.40% above currents $56.22 stock price. NetApp had 20 analyst reports since March 28, 2019 according to SRatingsIntel. The company was downgraded on Friday, August 2 by Piper Jaffray. Bank of America maintained it with “Neutral” rating and $5600 target in Thursday, August 15 report. The rating was maintained by Stifel Nicolaus on Friday, August 2 with “Buy”. The firm earned “Positive” rating on Monday, September 9 by Susquehanna. The stock of NetApp, Inc. (NASDAQ:NTAP) earned “Underweight” rating by Morgan Stanley on Friday, August 2. Below is a list of NetApp, Inc. (NASDAQ:NTAP) latest ratings and price target changes.

09/09/2019 Broker: Susquehanna Old Rating: Neutral New Rating: Positive Old Target: $54.0000 New Target: $75.0000 Upgrade
26/08/2019 Broker: Cowen & Co Old Rating: Underperform New Rating: Market Perform Upgrade
15/08/2019 Broker: Bank of America Rating: Neutral Old Target: $60.0000 New Target: $56.0000 Maintain
15/08/2019 Broker: Summit Insights Group Old Rating: Buy New Rating: Hold Downgrade
08/08/2019 Broker: Barclays Capital Rating: Equal-Weight New Target: $47.0000 Initiates Coverage On
02/08/2019 Broker: Stifel Nicolaus Rating: Buy Old Target: $75.0000 New Target: $60.0000 Maintain
02/08/2019 Broker: Morgan Stanley Rating: Underweight Old Target: $59.0000 New Target: $41.0000 Maintain
02/08/2019 Broker: Cross Research Old Rating: Buy New Rating: Hold Downgrade
02/08/2019 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
02/08/2019 Broker: Piper Jaffray Old Rating: Overweight New Rating: Neutral Old Target: $75.0000 New Target: $48.0000 Downgrade

The stock increased 3.14% or $1.71 during the last trading session, reaching $56.22. About 3.35M shares traded or 25.50% up from the average. NetApp, Inc. (NASDAQ:NTAP) has declined 24.32% since September 11, 2018 and is downtrending. It has underperformed by 24.32% the S&P500.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $12.37 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 14.37 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 notable recent NetApp, Inc. (NASDAQ:NTAP) news were published by: Finance.Yahoo.com which released: “Will NetApp, Inc.’s (NASDAQ:NTAP) Earnings Grow In The Year Ahead? – Yahoo Finance” on July 12, 2019, also Nasdaq.com with their article: “Market Close Report: NASDAQ Composite index closes at 7,766.62 down -7.32 points – Nasdaq” published on August 15, 2019, Globenewswire.com published: “ROSEN, A LEADING LAW FIRM, Reminds NetApp, Inc. Investors of Important Deadline in Securities Class Action; Investors with Losses in Excess of $100K Are Encouraged to Contact Firm – NTAP – GlobeNewswire” on September 06, 2019. More interesting news about NetApp, Inc. (NASDAQ:NTAP) were released by: Finance.Yahoo.com and their article: “5 Stocks to Consider as US Narrows Scope of China Tariffs – Yahoo Finance” published on August 13, 2019 as well as Nasdaq.com‘s news article titled: “Tech Stocks’ Earnings to Watch Out For: CSCO, NTAP, HPQ – Nasdaq” with publication date: August 12, 2019.

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

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