Barclays analyst Tim Long maintained a Hold rating on NetApp (NTAP) yesterday and set a price target of $60.00. The company’s shares closed last Monday at $62.38.
According to TipRanks.com, Long is a 5-star analyst with an average return of 18.0% and a 63.8% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.
Currently, the analyst consensus on NetApp is a Moderate Buy with an average price target of $62.80, a 0.5% upside from current levels. In a report released yesterday, Lake Street also upgraded the stock to Hold with a $58.00 price target.
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NetApp’s market cap is currently $14.75B and has a P/E ratio of 15.88. The company has a Price to Book ratio of 17.16.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NTAP in relation to earlier this year. Most recently, in August 2019, Gerald Held, a Director at NTAP sold 10,000 shares for a total of $469,400.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage.
