NetApp, Inc. (NASDAQ:NTAP).
On September 26 the company was rated “Sell” according to a Deutsche Bank report a cut from the previous “Neutral” rating. August 18 investment analysts at Barclays left the company rating at “Underweight” and raised the price expectation from $23.00 to $25.00.
On August 18 the stock rating was upgraded from “Neutral” to “Hold” and a price target of $25.00 was set by analysts at Susquehanna. On August 18 JMP Securities kept the stock rating at “Market Underperform” and raised the price target to $24.00 from $23.00.
On August 18 the company was upgraded to “Neutral” from “Underweight” with a current price target of $31.00 in a statement from JP Morgan.
The company is trading unchanged by 0.00% since yesterday’s close of $35.34. Additionally the company declared a dividend for shareholders to be paid on Wednesday October 26th, 2016. The dividend payment will be $0.190 per share for the quarter which is $0.76 annualized. This dividend represents a yield of $2.13. The ex-dividend date will be Thursday July 14th, 2016.
Company chares are trading at $35.34 which is just over the 50 day moving average which is $33.68 and barely above the 200 day moving average of $27.31. The 50 day moving average moved up $1.66 whereas the 200 day average was up by +29.42%.
The company’s P/E ratio is 31.81 and market cap is 9.85B. In the latest earnings report the EPS was $1.11 and is expected to be $2.36 for the current year with 278,667,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.65 and the next full year EPS is anticipated to be $2.67.
Traders are more bearish on NetApp, Inc. of late if you put credence in the increase in short interest. The firm had a rise in short interest between August 31, 2016 and September 15, 2016 of 0.01%. Short interest increased 112,454 over that timeframe. The short-interest ratio increased to 5.9 and the percentage of shorted shares is 0.06% as of September 15.