NetApp (NTAP) Downgraded to Hold at Cross Research

Its up 2.34% from 828,400 shares previously. 243.70 million shares or 0.52% less from 244.98 million shares in 2017Q3 were reported. It closed at $27.08 lastly. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since March 30, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

Harber Asset Management Llc decreased Netapp Inc (NTAP) stake by 33.63% reported in 2017Q4 SEC filing. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of NetApp by 4.1% during the 4th quarter. Leading up to this report, we have seen a -2.38% fall in the stock price over the last 30 days and a 6.02% increase over the past 3 months.

Analysts await NetApp, Inc. The shares of the firm are 3.73% to buy and sell at $61.69. Given that its average daily volume over the 30 days has been 3.21 million shares a day, this signifies a pretty significant change over the norm.

NetApp, Inc. (NTAP) has ATR reading of 1.80. It has outperformed by 38.06% the S&P500.

Since September 29, 2017, it had 0 insider purchases, and 8 selling transactions for $3.74 million activity.

In other news, VP Joel D. Reich sold 6,500 shares of the company's stock in a transaction on Wednesday, January 3rd. The NASDAQ-listed company saw a recent bid of $59.16 on volume of 2,931,528 shares. $86,722 worth of NetApp, Inc. Drexel Hamilton has "Buy" rating and $60.0 target. (NASDAQ:NTAP) on Monday, October 2. The insider NEVENS THOMAS MICHAEL sold 20,000 shares worth $1.11 million. The stock was sold at an average price of $55.67, for a total transaction of $1,113,400.00. Bahl Gaynor owns 3,714 shares for 0.01% of their portfolio. It also reduced Vanguard Index Fds (VTI) stake by 4,629 shares and now owns 95,097 shares. Berkshire Hathaway Inc Del (BRKB) was raised too.

Investors sentiment decreased to 1.14 in 2017 Q4. Confine focus to firm performance, its weekly performance was -0.76% and monthly performance was 1.88%.

A number of hedge funds have recently made changes to their positions in NTAP. 93 funds opened positions while 120 raised stakes. About 562,837 shares traded or Infinity% up from the average. Ardevora Asset Mgmt Limited Liability Partnership invested in 0.09% or 15,600 shares. Investec Asset North America owns 2% invested in NetApp, Inc. (NASDAQ:NTAP). 5,449 are owned by Ing Groep Nv. Ledyard Financial Bank holds 0.01% or 1,125 shares in its portfolio. Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 1.80. NetApp, Inc. (NASDAQ:NTAP) has risen 49.61% since April 1, 2017 and is uptrending. The firm has "Hold" rating given on Thursday, August 20 by Brean Capital. Its down 0.21, from 1.19 in 2017Q3.

The market experts are predicting a 14.3% rally, based on the high target price ($57) for Public Service Enterprise Group Incorporated shares that is likely to be hit in the 52 weeks. Moreover, Lmr Prtn Llp has 0.05% invested in NetApp, Inc. (NASDAQ:NTAP). Shellback Cap Lp stated it has 665,522 shares. Virtus Investment Advisers Inc invested in 0.03% or 13,942 shares. (NASDAQ:NTAP). Caisse De Depot Et Placement Du Quebec holds 0.01% or 112,108 shares in its portfolio. Morgan Stanley invested 0.03% of its portfolio in NetApp, Inc. In order to determine directional movement, the 50-day and 200-day moving averages for NetApp, Inc. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Therefore 35% are positive. Coca-Cola had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Sector Weight" rating on Thursday, February 11 by Pacific Crest. DA Davidson cut shares of NetApp from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $56.00 to $64.00 in a research report on Tuesday, January 23rd. 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. As per Wednesday, August 24, the company rating was upgraded by Goldman Sachs.

NetApp (NASDAQ:NTAP) was downgraded by investment analysts at Cross Research from a "buy" rating to a "hold" rating in a report issued on Monday. As per Tuesday, January 26, the company rating was maintained by Nomura. Netapp Inc. now has $16.53 billion valuation. State Street holds 17.99 million shares or 0.27% of its portfolio. The rating was downgraded by Raymond James on Friday, July 22 to "Market Perform". The rating was maintained by UBS with "Buy" on Wednesday, March 28. (NASDAQ:NTAP) on Thursday, August 18 with "Neutral" rating. (NASDAQ:NTAP). Cadence Cap Limited Liability Company reported 37,980 shares. They expect $0.86 EPS, up 19.44% or $0.14 from last year's $0.72 per share. NTAP's profit will be $230.41 million for 17.93 P/E if the $0.86 EPS becomes a reality.

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