NetApp's (NTAP) "Buy" Rating Reiterated at Lake Street Capital

Mae Love
December 7, 2017

NetApp, Inc. (NTAP) has the market capitalization of 15.01 Billion. FTB Advisors Inc. now owns 4,544 shares of the data storage provider's stock worth $199,000 after purchasing an additional 1,519 shares in the last quarter. This means that the stock's daily price swings have been more extreme in recent times compared to the past. The stock increased 1.44% or $0.81 during the last trading session, reaching $56.95. Ubs Asset Mgmt Americas Inc owns 1.10 million shares. (NASDAQ:HAWK) has risen 34.41% since December 6, 2016 and is uptrending. It has outperformed by 52.23% the S&P500. Credit Suisse downgraded the shares of HAWK in report on Thursday, February 16 to "Neutral" rating. As per Wednesday, February 15, the company rating was downgraded by Cowen & Co. The rating was maintained by Barclays Capital with "Overweight" on Monday, May 22. The ex-dividend date is Thursday, January 4th. Piper Jaffray has "Buy" rating and $52.0 target. The stock has "Hold" rating by Deutsche Bank on Monday, February 8. The rating was upgraded by JMP Securities to "Mkt Perform" on Thursday, April 6. As per Tuesday, November 28, the company rating was maintained by RBC Capital Markets. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that NetApp will post 2.72 earnings per share for the current fiscal year. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Therefore 64% are positive. Finally, FTB Advisors Inc. grew its position in NetApp by 50.2% in the 3rd quarter. (NASDAQ:NTAP) on Thursday, August 18 with "Neutral" rating. Goldman Sachs maintained it with "Sell" rating and $26 target in Thursday, August 18 report. (NASDAQ:HAWK) on Friday, October 7 to "Neutral" rating. The rating was maintained by BMO Capital Markets on Wednesday, August 16 with "Hold".

NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The rating was upgraded by Drexel Hamilton on Thursday, November 17 to "Buy". (NASDAQ:NTAP) for 388 shares. Aqr Mngmt Limited reported 856,476 shares. Service Automobile Association owns 726,566 shares. Trinity Inds Inc (NYSE:TRN) was reduced too.

Investors sentiment decreased to 1.18 in 2017 Q2. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.55. Among holders that decreased their positions, 46 sold out of the stock NetApp, Inc.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. (NTAP) most recent 13F filing, the company has 54 new institutional holders - accounting for 9.85 million shares of its common stock. Winslow Evans Crocker accumulated 0% or 14,900 shares. Highvista Strategies Ltd reported 0.12% stake. The lower end of the projection is $0.79 per share, while the higher end is $0.85 per share. Invesco Ltd holds 0.08% of its portfolio in NetApp, Inc. (NASDAQ:NTAP) for 14,395 shares. Shamrock Asset Mngmt Llc has 814 shares for 0.02% of their portfolio. Teachers Retirement System Of The State Of Kentucky holds 369,600 shares or 0.19% of its portfolio. Lingohr And Partner Asset Gmbh invested in 17,665 shares or 0.43% of the stock. Exane Derivatives now owns 2,398 shares of the data storage provider's stock valued at $105,000 after buying an additional 2,394 shares during the last quarter. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.11% in NetApp, Inc. (NASDAQ:NTAP). Amp Invsts Ltd invested in 256,698 shares.

Lombard Odier Asset Mgmt (Switzerland) stated it has 49,068 shares. Moreover, Art Advsr Limited Liability Company has 0.12% invested in NetApp, Inc. Robert W. Baird set a $44.00 price objective on shares of NetApp and gave the company a "hold" rating in a research note on Monday, August 14th. Moreover, Lyons Wealth Management Llc. has 2.77% invested in the company for 49,245 shares. It has a 27.62 P/E ratio. The High Street segment sells stationery products, including greetings cards, general stationery, art and craft, and gifting products; news and impulse products, such as newspapers, magazines, confectionery, and drinks; and books, as well as entertainment products. Insiders own 0.47% of the company's stock. About 71,045 shares traded. WH Smith PLC (LON:SMWH) has 0.00% since December 6, 2016 and is. It has underperformed by 8.27% the S&P500.

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