The stock was sold at an average price of $35.84, for a total transaction of $143,360.00. Following the completion of the transaction, the chief executive officer now directly owns 32,396 shares in the company, valued at approximately $1,247,246. (NASDAQ:NTAP) are experiencing unusual volume during today's trading. The stock traded with the volume of 2.84 Million shares in the last trading session. The company has a 50 day moving average of $36.95 and a 200-day moving average of $34.68.
NetApp, Inc. engages in the provision of software, systems, and services for the management and storage of customer data.
NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, February 15th. It is predicted to add 6% on day 1 and jump 6% on day 7 after the company reports upcoming earnings. On the other hand, in the July 2017 quarter the company recorded a net $1.29B revenue with earnings per share of $0.46. For comparison, there was a revenue of $1.38B and EPS of $0.55 in the April 2016 period. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that NetApp, Inc. will post $2.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. The ex-dividend date is Wednesday, January 4th.
The stock now has its Annual Dividend of $0.76 and an annual Dividend Yield of 1.92 Percent. NetApp's dividend payout ratio is now 69.09%.
NTAP has been the topic of several research reports. William Blair raised shares of NetApp from an "underperform" rating to a "market perform" rating in a research report on Thursday.
Currently, the analyst consensus on NetApp is Hold and the average price target is $37.45, representing a -3.8% downside.
NetApp, Inc. (NASDAQ:NTAP) has a market capitalization of 10.9 Billion. For the Current Quarter, 27 analysts are projecting the mean EPS to be $0.7/share. The stock now has an average rating of "Hold" and an average target price of $35.83. The company has a consensus rating of Hold and an average price target of $34.36. Skandinaviska Enskilda Banken AB publ raised its stake in shares of NetApp by 168.2% in the third quarter. The overall volume in the last trading session was 2.93 million shares. Seven Eight Capital LP acquired a new stake in NetApp during the fourth quarter valued at about $118,000. Legal & General Group Plc now owns 1,330,176 shares of the data storage provider's stock worth $32,706,000 after buying an additional 9,415 shares during the period. UBS Asset Management Americas Inc. increased its stake in NetApp by 13.3% in the third quarter.
In the last Quarter, NetApp, Inc. Finally, BlackRock Fund Advisors increased its stake in NetApp by 2.9% in the third quarter. Rhumbline Advisers now owns 452,627 shares of the data storage provider's stock worth $16,213,000 after buying an additional 33,368 shares in the last quarter. Finally, Airain ltd boosted its stake in NetApp by 41.4% in the second quarter. The stock now shows its YTD (Year to Date) performance of 12.82 percent while its Weekly performance value is 3.18%. The biggest holder now is Thomas F. Mendoza who owns 416,069 shares (0.15% of those outstanding), whilst Mr. Robert T. Wall holds 36,048 (0.01% of shares outstanding) and Mr. George Kurian holds 32,396 (0.01% of shares outstanding). The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments.