NTAP) Shares Up After Earnings — NetApp (NASDAQ

So far, the most bullish price estimate for the stock is $40 and the most bearish price estimate is $22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $24.97, for a total value of $62,425.00. The disclosure for this sale can be found here. During the first quarter of fiscal year 2017, the Company generated $228 million in cash from operations and returned $228 million to shareholders through share repurchases and a cash dividend. BTIG Research initiated coverage on NetApp in a report on Tuesday, April 26th. They set a “neutral” rating for the company.

Susquehanna analyst Mehdi Hosseini upgraded his rating on NetApp Inc.

Credit Suisse rates the stock Neutral with a price target increase from $25 to $28. The analyst also raised his price target on the stock from $25 to $36, reflecting 24.78% upside potential over the last close. Barclays Capital maintained it with “Underweight” rating and $23 target price in a May 26 report.

Several hedge funds have made changes to their positions in the company.

The share price of Avis Budget Group Inc.

On the company’s financial health, NetApp reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 17, 2016. Mitsubishi UFJ Kokusai Asset Management CO. Cypress Capital Group boosted its stake in NetApp by 3.4% in the first quarter. LTD. now owns 39,700 shares of the data storage provider’s stock valued at $1,053,000 after buying an additional 951 shares during the period.

NetApp exited the quarter with cash, cash equivalents and investments of $4.421 billion, compared with $5.303 billion as of April 29, 2015. The Company focuses on the data management and storage markets. AJO LP boosted its position in NetApp by 2.8% in the fourth quarter. Finally, Federated Investors Inc. State of Alaska Department of Revenue now owns 12,519 shares of the data storage provider’s stock worth $307,000 after buying an additional 868 shares in the last quarter. The company had a trading volume of 2,957,808 shares. NetApp has a 1-year low of $20.66 and a 1-year high of $34.81.

CEO George Kurian said, “We are pleased with our first quarter results”.

But Cisco ( CSCO ) shares declined, falling almost 1% in late pre-market today, despite exceeding Wall Street projections with its fiscal Q4 net income and revenue, earning $0.63 per share on $12.64 billion in revenue compared with the analyst consensus expecting $0.60 per share in net income and $12.57 billion in revenue.

Compared to the previous quarter revenues declined 6.5 per cent from $1.38bn but profits rocketed up from a loss of $8m.

NetApp ended the first quarter of fiscal year 2017 with $4.4 billion in total cash, cash equivalents and investments.

Many Wall Street Analysts have commented on NetApp. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, October 5th. The latest addition to the NetApp SolidFire SF-Series product line delivers twice the performance and capacity and version 9 of the SolidFire Element operating system (Fluorine) simplifies customers’ transitions to service delivery-oriented infrastructure. The company has a diversified portfolio of products and services in the information technology (IT) environments. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it.