Lyons Wealth Management. buys $1,626,275 stake in NetApp (NTAP)

NetApp (NTAP) : Lyons Wealth Management. scooped up 10,000 additional shares in NetApp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 59,245 shares of NetApp which is valued at $1,626,275.NetApp makes up approximately 2.33% of Lyons Wealth Management.’s portfolio.

Other Hedge Funds, Including , Central Trust Co boosted its stake in NTAP in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 175 shares of NetApp which is valued at $4,919.Evanston Investments Dba Evanston Advisors boosted its stake in NTAP in the latest quarter, The investment management firm added 12,406 additional shares and now holds a total of 240,627 shares of NetApp which is valued at $6,525,804. NetApp makes up approx 2.08% of Evanston Investments Dba Evanston Advisors’s portfolio.Partnerre Asset Management Corp reduced its stake in NTAP by selling 100 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 1,911 shares of NTAP which is valued at $48,826. NetApp makes up approx 0.02% of Partnerre Asset Management Corp’s portfolio.

NetApp closed down -0.1 points or -0.35% at $28.85 with 42,19,350 shares getting traded on Wednesday. Post opening the session at $28.32, the shares hit an intraday low of $28.32 and an intraday high of $29 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 JP Morgan to ” Neutral” on Aug 18, 2016. NetApp was Upgraded by Susquehanna to ” Positive” on Aug 18, 2016. Company shares were Reiterated by Maxim Group on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $39 .

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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