NetApp, Inc. (NASDAQ:NTAP) is expected to pay $0.19 on Oct 26, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on NetApp, Inc.’s current price of $35.36, the dividend is 0.54%. This dividend’s record date is Oct 7, 2016 and the announcement date is Aug 18, 2016. The stock decreased 1.28% or $0.46 during the last trading session, hitting $35.36. NetApp Inc. (NASDAQ:NTAP) has risen 38.45% since March 1, 2016 and is uptrending. It has outperformed by 29.21% the S&P500.
NetApp, Inc. provides software, systems and services to manage and store customer data. The company has a market cap of $10.16 billion. The Firm enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. It has a 32.11 P/E ratio. The Firm offers a portfolio of services and products that satisfy a range of customer workloads across different data types and deployment models.
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.11, from 0.99 in 2016Q1. The ratio dropped, as 42 funds sold all NetApp Inc. shares owned while 128 reduced positions. 24 funds bought stakes while 125 increased positions. They now own 246.36 million shares or 6.05% less from 262.24 million shares in 2016Q1.
Pacad holds 0.24% of its portfolio in NetApp Inc. (NASDAQ:NTAP) for 71,121 shares. Moreover, Northern Corporation has 0.03% invested in NetApp Inc. (NASDAQ:NTAP) for 3.38M shares. Ftb Incorporated has invested 0.02% of its portfolio in NetApp Inc. (NASDAQ:NTAP). Americafirst Management Ltd Liability Co owns 12,905 shares or 0% of their US portfolio. Moreover, Blackrock Invest Management Limited has 0.02% invested in NetApp Inc. (NASDAQ:NTAP) for 628,858 shares. Guardian Life Ins Of America holds 1,082 shares or 0% of its portfolio. Bank Of New York Mellon, a New York-based fund reported 6.00 million shares. Tiaa Cref Mgmt Ltd Liability Corporation has 672,825 shares for 0.01% of their US portfolio. Millennium Mngmt Ltd accumulated 350,194 shares or 0.02% of the stock. Pggm Investments accumulated 0.03% or 207,098 shares. Nomura Asset Mgmt Ltd reported 39,457 shares or 0.02% of all its holdings. Regions Fincl reported 10,953 shares or 0% of all its holdings. Comerica National Bank & Trust last reported 70,021 shares in the company. Federated Investors Pa reported 625,509 shares or 0.04% of all its holdings. Primecap Ca reported 42.83 million shares or 1.12% of all its holdings.
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 7 insider sales for $4.71 million net activity. REICH JOEL D had sold 489 shares worth $16,609. On Thursday, August 25 the insider SHAHEEN GEORGE T sold $1.05M. FAWCETT MATTHEW K sold $444,840 worth of stock. 48,176 shares with value of $1.68M were sold by Kurian George on Friday, August 26. $1.40 million worth of NetApp Inc. (NASDAQ:NTAP) was sold by ALLEN JEFFRY R on Monday, August 22.
NetApp Inc. (NASDAQ:NTAP) Ratings Coverage
Out of 33 analysts covering Netapp Inc. (NASDAQ:NTAP), 4 rate it a “Buy”, 10 “Sell”, while 19 “Hold”. This means 12% are positive. Netapp Inc. has been the topic of 76 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of NetApp Inc. (NASDAQ:NTAP) has “Market Perform” rating given on Thursday, August 20 by Oppenheimer. On Tuesday, December 29 the stock rating was maintained by Monness Crespi & Hardt with “Sell”. The rating was maintained by Cantor Fitzgerald on Thursday, August 20 with “Hold”. The firm has “Neutral” rating given on Thursday, February 18 by Monness Crespi. Deutsche Bank downgraded it to “Sell” rating and $25 target price in Monday, September 26 report. Summit Research downgraded NetApp Inc. (NASDAQ:NTAP) rating on Monday, August 17. Summit Research has “Sell” rating and $28 price target. The company was maintained on Thursday, May 26 by Citigroup. The company was upgraded on Monday, August 24 by Zacks. Barclays Capital maintained NetApp Inc. (NASDAQ:NTAP) on Thursday, May 26 with “Underweight” rating. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, August 18.
More news for NetApp Inc. (NASDAQ:NTAP) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: NetApp, General Dynamics Corp. and Mastercard” on October 03, 2016. Benzinga.com‘s article titled: “NetApp Shares Upgraded To Buy, Summit Redstone Much More Convinced In Company …” and published on September 30, 2016 is yet another important article.
NTAP Company Profile
NetApp, Inc. (NetApp), incorporated on November 1, 2001, 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 Firm offers a portfolio of services and products that satisfy a range of customer workloads across different data types and deployment models. The Company’s data management and storage offerings help manage business productivity, performance and profitability, while providing investment protection and asset utilization. The Company’s FlexPod portfolio includes FlexPod Datacenter for core enterprise data centers and service providers, FlexPod Express for medium-sized businesses and branch offices, and FlexPod Select for data-intensive workloads. The portfolio is validated with hypervisors, operating systems, systems management tools, and cloud management platforms.
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