Susquehanna Reaffirms Their Buy Rating on NetApp (NTAP)


In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on NetApp (NTAP), with a price target of $75.00. The company’s shares closed last Monday at $59.41.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.7% and a 51.7% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Applied Materials.

NetApp has an analyst consensus of Hold, with a price target consensus of $54.55.

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The company has a one-year high of $81.90 and a one-year low of $44.55. Currently, NetApp has an average volume of 2.45M.

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.

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