The stock of NetSuite Inc (NYSE:N) is a huge mover today! The stock closed at $90.34 during the last session. It is down 28.20% since April 5, 2016 and is uptrending. It has outperformed by 26.24% the S&P500.
The move comes after 8 months positive chart setup for the $7.29B company. It was reported on Nov, 7 by Barchart.com. We have $148.16 PT which if reached, will make NYSE:N worth $4.67B more.
NetSuite Inc (NYSE:N) Ratings Coverage
Out of 26 analysts covering NetSuite (NYSE:N), 4 rate it a “Buy”, 2 “Sell”, while 20 “Hold”. This means 15% are positive. NetSuite has been the topic of 51 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, July 29 by Deutsche Bank. The rating was initiated by BMO Capital Markets with “Market Perform” on Wednesday, June 15. The firm earned “Hold” rating on Friday, October 23 by Benchmark. The company was downgraded on Friday, August 21 by Vetr. The firm has “Neutral” rating given on Friday, July 29 by JP Morgan. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 23 report. The company was maintained on Friday, October 23 by FBR Capital. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, July 29 report. FBR Capital maintained it with “Outperform” rating and $94 target price in Friday, April 29 report. The stock of NetSuite Inc (NYSE:N) has “Neutral” rating given on Friday, August 12 by Suntrust Robinson.
According to Zacks Investment Research, “NetSuite, Inc. is the leading provider of on-demand, integrated business management software for growing and midsize businesses. With thousands of customers globally using NetSuite’s online products and professional services, companies are enabled to manage all key business operations in a single hosted system, including: customer relationship management; order fulfillment; inventory; accounting and finance, product assembly; ecommerce; Web site management; and employee productivity.”
Insitutional Activity: The institutional sentiment increased to 1.66 in Q2 2016. Its up 0.15, from 1.51 in 2016Q1. The ratio is positive, as 18 funds sold all NetSuite Inc shares owned while 52 reduced positions. 40 funds bought stakes while 76 increased positions. They now own 43.78 million shares or 7.04% less from 47.10 million shares in 2016Q1.
Moreover, Canada Pension Plan Invest Board has 0% invested in NetSuite Inc (NYSE:N) for 17 shares. The Virginia-based Bb&T Limited Liability Corporation has invested 0.01% in NetSuite Inc (NYSE:N). Moreover, Panagora Asset has 0% invested in NetSuite Inc (NYSE:N) for 1,399 shares. Bluecrest Capital Mngmt Ltd accumulated 31,528 shares or 0.1% of the stock. Blackrock Inv Management Llc accumulated 0% or 19,720 shares. Blackrock Japan Limited reported 49,611 shares or 0.01% of all its holdings. Telemus Capital Ltd Liability Co owns 5,000 shares or 0.05% of their US portfolio. Quantbot Technology Lp accumulated 2,167 shares or 0.02% of the stock. Joel Isaacson & Ltd accumulated 0.06% or 4,000 shares. Franklin Res, a California-based fund reported 410,915 shares. Los Angeles Capital Mgmt And Equity Rech Incorporated accumulated 0.09% or 143,437 shares. Alliancebernstein Limited Partnership holds 40,934 shares or 0% of its portfolio. Columbia Wanger Asset Ltd Liability Corporation accumulated 0.47% or 560,259 shares. Sumitomo Mitsui Hldg last reported 0.02% of its portfolio in the stock. Amer Grp Incorporated has 0% invested in the company for 981 shares.
More notable recent NetSuite Inc (NYSE:N) news were published by: Reuters.com which released: “Oracle says majority of NetSuite holders back acquisition” on November 05, 2016, also Prnewswire.com with their article: “NetSuite Appoints Sam Levy As Vice President Of Sales Americas” published on October 25, 2016, Prnewswire.com published: “Oracle Completes Tender Offer for Acquisition of NetSuite” on November 05, 2016. More interesting news about NetSuite Inc (NYSE:N) were released by: Seekingalpha.com and their article: “The Battle For NetSuite Enters Its Final Stage” published on November 02, 2016 as well as Blogs.Wsj.com‘s news article titled: “Stocks to Watch: LendingClub, Datalink, NetSuite” with publication date: November 07, 2016.
N Company Profile
NetSuite Inc. (NetSuite), incorporated on April 11, 2007, is a well-known provider of cloud financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Firm also offers a suite of applications, including financial management, customer relationship management (CRM), e-commerce and retail management, commerce marketing automation, professional services automation (PSA) and human capital management (HCM) that enable companies to manage business in an integrated suite. The Company’s real-time dashboard technology provides a view into various business information. The Firm also offers customer support and professional services related to the support and implementation of its suite of applications. The Firm delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.
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