Tuesday, 12 December, 2017

Evaluating Insider Trading And Ownership For NetApp, Inc. (NTAP)

Conrad Doyle | 07 December, 2017, 09:11

The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 22.23 and a beta of 1.50. 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 20.86 P/E ratio.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide.

Gam Holding Ag decreased Blackhawk Network Hldgs Inc (HAWK) stake by 37.31% reported in 2017Q2 SEC filing. Finally, FTB Advisors Inc. raised its holdings in NetApp by 50.2% in the third quarter. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion.

Insider trading over the last 12 months, however, paints a different picture. Aircastle Limited (AYR) has risen 8.43% since December 4, 2016 and is uptrending. It has outperformed by 17.71% the S&P500. Two research 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. Netapp Inc. had 138 analyst reports since August 17, 2015 according to SRatingsIntel. Barclays Capital maintained NetApp, Inc. (NASDAQ:NTAP) on Thursday, August 17 with "Underweight" rating. DA Davidson upped their price objective on shares of NetApp from $53.00 to $56.00 and gave the company a buy rating in a research report on Tuesday, November 14th. (NASDAQ:NTAP) has "Hold" rating given on Monday, September 18 by KeyBanc Capital Markets. Maxim Group maintained it with "Buy" rating and $56.0 target in Friday, October 27 report. The stock of Blackhawk Network Holdings, Inc. Nasdaq.com's news article titled: "NetApp (NTAP) to Report Q2 Earnings: What's in the Cards?" with publication date: November 13, 2017 was also an interesting one. According to this momentum indicator, a reading above 70 suggests the stock is entering overbought territory and that the recent uptrend may be about to reverse. The rating was maintained by Citigroup with "Neutral" on Thursday, May 26. Bank of America downgraded Blackhawk Network Holdings, Inc. On average, analysts anticipate that NetApp will post $3.04 earnings per share for the current year. Jacobs Levy Equity Management has 837,540 shares for 0.72% of their portfolio. About 2.95 million shares traded. Hussman Strategic Advsr owns 101,200 shares or 0.9% of their U.S. portfolio. Jd Com Inc (NASDAQ:JD) was raised too. The rating has been disclosed in analysts note on Tuesday morning. Out of 13 Wall Street analysts rating NetApp, 4 give it "Buy", 2 "Sell" rating, while 7 recommend "Hold". NTAP's average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of NTAP's future price movements. The stock's average target of $24 is -2.12% below today's ($24.52) share price. On Wednesday, August 16 the stock rating was maintained by Oppenheimer with "Hold". The firm earned "Overweight" rating on Tuesday, February 14 by Piper Jaffray.

NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. In the past 3-month period alone, shares of NTAP have appreciated +18.16 - or +47.81%. The firm has "Hold" rating by JMP Securities given on Thursday, May 26. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of NetApp during the first quarter valued at $209,000. (NASDAQ:NTAP) earned "Hold" rating by Standpoint Research on Friday, September 30. As per Thursday, August 18, the company rating was maintained by BTIG Research. The firm earned "Underperform" rating on Wednesday, December 7 by Credit Suisse. FMR LLC now owns 3,044,302 shares of the data storage provider's stock valued at $121,924,000 after purchasing an additional 1,435,588 shares during the last quarter. About 2.95 million shares traded. It has outperformed by 52.23% the S&P500. Moreover, Twin Tree Mgmt L P has 0% invested in NetApp, Inc. (NASDAQ:NTAP). Smithfield Trust holds 0.01% or 2,325 shares in its portfolio. Hussman Strategic Advsrs invested in 101,200 shares or 0.9% of the stock.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Harber Asset Management Llc, a New York-based fund reported 151,022 shares.

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