NetApp (NTAP) : Supplemental Annuity Collective Trust Of Nj has sold out all of its stake in NetApp during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 10,492 shares of NetApp which is valued at $275,100.
Other Hedge Funds, Including , Proficio Capital Partners sold out all of its stake in NTAP during the most recent quarter. The investment firm sold 8 shares of NTAP which is valued $211. Candriam Luxembourg S.c.a. added NTAP to its portfolio by purchasing 10,562 company shares during the most recent quarter which is valued at $278,626. NetApp makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in NTAP by selling 71,839 shares or 45.74% in the most recent quarter. The Hedge Fund company now holds 85,220 shares of NTAP which is valued at $2,255,773. NetApp makes up approx 0.04% of Old Mutual Global Investors (uk) Ltd.’s portfolio.
NetApp opened for trading at $27.18 and hit $27.45 on the upside on Monday, eventually ending the session at $27.45, with a gain of 1.22% or 0.33 points. The heightened volatility saw the trading volume jump to 18,29,854 shares. Company has a market cap of $7,688 M.
On the company’s financial health, NetApp reported $0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $0.58. The company had revenue of $1380.00 million for the quarter, compared to analysts expectations of $1403.53 million. The company’s revenue was down -10.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on NetApp. Shares were Reiterated by RBC Capital Mkts on May 24, 2016 to “Sector Perform” and Lowered the Price Target to $ 26 from a previous price target of $29 .
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.