NetApp's stock activities spark considerable interest as its recent performance bolstered bullish sentiment. Director
George Shaheen sold a significant portion of his NetApp shares, amounting to 28,982 shares, a notable quantity but a consistent practice among corporate insiders. Investment firms are showing their trust in it as evidenced by Integrated Advisors Network acquiring 40,936 NetApp shares and Optimist Retirement Group buying 4295 shares. However, there is also a sell-off by companies such as Bridgewater Associates. Analysts' expectations remained positive with price target increases from Morgan Stanley, TD Cowen, Stifel Nicolaus, Wells Fargo & Company, and Susquehanna.
Quarterly earnings have met estimates while the
Company enjoys a fresh
1-year high at $123.55. In addition, several investment firms amplified their positions in NetApp, while others reduced theirs. Amidst these developments, NetApp's upcoming dividend will be more significant than the previous year. It announced strong growth and record profitability for Quarter 3 of Fiscal Year 2024 while also partnering with Google Cloud for flexible cloud data storage solutions. Moreover, NetApp received upgrades to its ratings, and its all-flash array and hybrid cloud growth trajectory contributed to a solid Q4 earnings call.
Netapp NTAP News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sat, 15 Jun 2024 16:31:01 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -3
