NetApp (NASDAQ:NTAP) has climbed 1.51% in the past week and advanced 2.64% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.73% and the outperformance has advanced to 1.71% for the last 4 weeks period.
NetApp (NASDAQ:NTAP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.50 and $24.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.86, notching a gain of 1.59% for the day. The total traded volume was 4,524,257 . The stock had closed at $24.47 on the previous day.
The company shares have dropped -27.71% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $34.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.18 and the 200 Day Moving Average price is recorded at $25.10.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Reich Joel D, officer (Exec VP, Product Operations) of Netapp, Inc., had unloaded 2,500 shares at an average price of $24.97 in a transaction dated on June 6, 2016. The total value of the transaction was worth $62,425.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Goldman Sachs maintains its rating on NetApp (NASDAQ:NTAP).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Goldman Sachs lowers the new price target from $24 per share to $23 per share. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 0.59% of NetApp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -85.92% . Institutional Investors own 90.75% of NetApp shares. During last six month period, the net percent change held by insiders has seen a change of -85.92%.
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.