Today's Brokerage Rating: NetApp, Inc. (NTAP), Chubb Limited (CB)

Channel Checks Suggest NetApp's Cloud Products Gaining 'Mindshare' With Customers

It improved, as 86 investors sold V shares while 540 reduced holdings. Bank of Montreal Can raised its stake in shares of NetApp by 22.3% in the first quarter.

02/15/2017: NetApp, Inc. (NTAP) reported Q3 earnings of $0.82, beating consensus estimates of $0.74. IL acquired a new position in NetApp during the first quarter valued at about $216,000. Moreover, Lyons Wealth Management Llc. has 2.37% invested in the company for 49,245 shares. Cadence Capital Management LLC increased its stake in shares of NetApp by 1.6% in the first quarter. Ltd. now owns 1,202,818 shares of the data storage provider's stock valued at $50,338,000 after buying an additional 1,166,701 shares in the last quarter.

Recent Insider Trading for NetApp, Inc. (NASDAQ:NTAP) on Monday, September 26 to "Sell" rating. Latest closing price was 1.27% above its 50-day moving average and 6.40% above its 200-day moving average.

FT reports, The 23 analysts offering 12 month price targets for NetApp Inc. have a median target of 44.00, with a high estimate of 60.00 and a low estimate of 17.00.

The stock last traded at $42.25 which is just over $42.01, the stock's 50 day moving average and which is marginally higher than the 200 day moving average of $40.67. After $0.72 actual earnings per share reported by NetApp Inc. for the previous quarter, Wall Street now forecasts -40.28% negative EPS growth. The company's net profit margin has achieved the current level of 9.2 percent and possesses 61.4 percent gross margin. Last quarter, the company saw 1.48 billion in total revenues. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Full-year sales forecasts are pegged at $5.63B, representing an increase of almost 1.99% over last fiscal year's revenues of $5.52B. On average, analysts predict that NetApp, Inc. will post $3.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, October 6th will be given a dividend of $0.20 per share. (NASDAQ:NTAP). Mckinley Capital Mgmt Ltd Com Delaware holds 0.01% of its portfolio in NetApp Inc. The ex-dividend date was Wednesday, July 5th. This represents a $0.80 annualized dividend and a yield of 1.91%. NetApp's dividend payout ratio is now 44.20%.

ILLEGAL ACTIVITY NOTICE: This report was first reported by BBNS and is the property of of BBNS. Finally, Carroll Financial Associates Inc. bought a new position in NetApp during the first quarter worth approximately $123,000. The correct version of this report can be accessed at

Analyst's ratings play a very important role in outlining a stock's performance. Stifel Nicolaus reaffirmed a "hold" rating and issued a $37.00 price objective on shares of NetApp in a research note on Wednesday. The rating was downgraded by Maxim Group on Thursday, November 17 to "Hold". BidaskClub upgraded shares of NetApp from a "hold" rating to a "buy" rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the company. Shares for $168,080 were sold by Kurian George on Wednesday, March 1. The shares were sold at an average price of $40.46, for a total value of $809,200.00. Following the completion of the transaction, the chief executive officer now directly owns 65,123 shares in the company, valued at $2,612,734.76. The sale was disclosed in a document filed with the SEC, which is available through this link. The stock ended last trade at $42.03 a share and the price is up more than 19.17% so far this year. Following the completion of the sale, the executive vice president now directly owns 19,788 shares in the company, valued at approximately $858,997.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,518 shares of company stock valued at $4,726,762. The expected NTAP's profit could reach $116.30 million giving the stock 24.57 P/E in the case that $0.43 earnings per share is reported.

NetApp, Inc. (NetApp) provides software, systems and services to manage and store customer data. The Firm enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models. (NASDAQ:NTAP) rating on Thursday, August 18.



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