Ct Mason adds NetApp (NTAP) to its portfolio

NetApp (NTAP) : Ct Mason added new position in NetApp during the most recent quarter end. The investment management firm now holds 91,540 shares of NetApp which is valued at $3,198,408 , the company said in a statement filed on Oct 4, 2016 with the SEC.NetApp makes up approximately 1.41% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added NTAP to its portfolio by purchasing 38 company shares during the most recent quarter which is valued at $1,328.

NetApp closed down -0.51 points or -1.44% at $34.85 with 29,52,601 shares getting traded on Tuesday. Post opening the session at $35.36, the shares hit an intraday low of $34.78 and an intraday high of $35.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, NetApp reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.36. The company had revenue of $1294.00 million for the quarter, compared to analysts expectations of $1260.17 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on NetApp. NetApp was Upgraded by Cross Research to ” Buy” on Sep 26, 2016. Deutsche Bank Downgraded NetApp on Sep 26, 2016 to ” Sell”, Price Target of the shares are set at $25.Company shares were Reiterated by Susquehanna on Sep 21, 2016 to “Positive”, Firm has raised the Price Target to $ 42 from a previous price target of $36 .

NetApp Inc. (NetApp) is engaged in providing software systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control integrate move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads such as big data HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection data management and software for virtualized shared infrastructures cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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