iShares MSCI All Country Asia ex Japan ETF (AAXJ) Reaches $76.51 Formed H&S; Netapp (NTAP) Sentiment Is 1.14

NetApp, Inc. (NASDAQ:NTAP) Logo

iShares MSCI All Country Asia ex Japan ETF (AAXJ) formed H&S with $69.62 target or 9.00% below today’s $76.51 share price. iShares MSCI All Country Asia ex Japan ETF (AAXJ) has $4.88 billion valuation. The ETF increased 0.64% or $0.49 during the last trading session, reaching $76.51. About 407,374 shares traded. iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) has risen 20.89% since April 28, 2017 and is uptrending. It has outperformed by 9.34% the S&P500.

Netapp Inc (NTAP) investors sentiment decreased to 1.14 in Q4 2017. It’s down -0.04, from 1.18 in 2017Q3. The ratio dived, as 213 hedge funds increased or opened new positions, while 187 sold and decreased their stock positions in Netapp Inc. The hedge funds in our database reported: 243.70 million shares, down from 244.98 million shares in 2017Q3. Also, the number of hedge funds holding Netapp Inc in top ten positions increased from 5 to 6 for an increase of 1. Sold All: 25 Reduced: 162 Increased: 120 New Position: 93.

Analysts await NetApp, Inc. (NASDAQ:NTAP) to report earnings on May, 23. They expect $0.87 EPS, up 20.83% or $0.15 from last year’s $0.72 per share. NTAP’s profit will be $233.09M for 19.37 P/E if the $0.87 EPS becomes a reality. After $0.85 actual EPS reported by NetApp, Inc. for the previous quarter, Wall Street now forecasts 2.35% EPS growth.

The stock decreased 0.09% or $0.06 during the last trading session, reaching $67.4. About 1.74M shares traded. NetApp, Inc. (NTAP) has risen 49.61% since April 28, 2017 and is uptrending. It has outperformed by 38.06% the S&P500.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has market cap of $18.06 billion. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions. It currently has negative earnings. The firm also provides ONTAP storage operating system for data protection and security; SANtricity storage operating system, which provides performance, reliability, and data protection for application-driven workloads; SolidFire element operating system; NetApp StorageGRID Webscale software that allows clients to store and manage massive amounts of data on premises and in the cloud; NetApp integrated data protection solutions; OnCommand management software and management integration tools; and FlexArray storage virtualization software.

Ratings analysis reveals 31% of NetApp’s analysts are positive. Out of 13 Wall Street analysts rating NetApp, 4 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $25.0 while the high is $46.0. The stock’s average target of $37.14 is -44.90% below today’s ($67.4) share price. NTAP was included in 13 notes of analysts from August 18, 2016. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, December 7. The rating was downgraded by Standpoint Research to “Hold” on Friday, September 30. The firm earned “Overweight” rating on Tuesday, February 14 by Piper Jaffray. JMP Securities upgraded the shares of NTAP in report on Thursday, April 6 to “Mkt Perform” rating. Goldman Sachs upgraded it to “Neutral” rating and $32.0 target in Wednesday, August 24 report. The firm has “Buy” rating by Drexel Hamilton given on Thursday, November 17. As per Thursday, November 17, the company rating was maintained by Lake Street. Deutsche Bank downgraded it to “Sell” rating and $25.0 target in Monday, September 26 report. The company was upgraded on Monday, September 26 by Cross Research. The rating was maintained by RBC Capital Markets on Thursday, November 17 with “Sector Perform”.

Since January 1, 0001, it had 0 insider purchases, and 10 sales for $4.58 million activity.

NetApp, Inc. (NASDAQ:NTAP) Institutional Positions Chart