Strs Ohio buys $1,043,338 stake in NetApp (NTAP)

NetApp (NTAP) : Strs Ohio scooped up 3,993 additional shares in NetApp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 43,042 shares of NetApp which is valued at $1,043,338.NetApp makes up approximately 0.06% of Strs Ohio’s portfolio.

NetApp opened for trading at $24.46 and hit $24.75 on the upside on Wednesday, eventually ending the session at $24.73, with a gain of 0.82% or 0.2 points. The heightened volatility saw the trading volume jump to 23,03,084 shares. Company has a market cap of $7,149 M.

Other Hedge Funds, Including , Transamerica Financial Advisors sold out all of its stake in NTAP during the most recent quarter. The investment firm sold 1 shares of NTAP which is valued $24.Btim Corp. reduced its stake in NTAP by selling 30,631 shares or 22.68% in the most recent quarter. The Hedge Fund company now holds 104,453 shares of NTAP which is valued at $2,531,941. NetApp makes up approx 0.04% of Btim Corp.’s portfolio.Fort Pitt Capital Group reduced its stake in NTAP by selling 6,051 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 75,584 shares of NTAP which is valued at $1,832,156. NetApp makes up approx 0.22% of Fort Pitt Capital Group’s portfolio. Integral Derivatives added NTAP to its portfolio by purchasing 7,770 company shares during the most recent quarter which is valued at $195,182. NetApp makes up approx 0.08% of Integral Derivatives’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in NTAP in the latest quarter, The investment management firm added 7,390 additional shares and now holds a total of 67,798 shares of NetApp which is valued at $1,703,086. NetApp makes up approx 0.04% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, NetApp reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.68. The company had revenue of $1386.00 million for the quarter, compared to analysts expectations of $1452.70 million. The company’s revenue was down -10.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on NetApp. NetApp was Downgraded by Sterne Agee CRT to ” Underperform” on Apr 18, 2016. NetApp was Downgraded by Macquarie to ” Underperform” on Mar 21, 2016. Shares were Reiterated by Barclays on Feb 18, 2016 to “Underweight” and Lowered the Price Target to $ 23 from a previous price target of $25 .

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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