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NetApp Inc. (NASDAQ:NTAP) stock price target increased to $40.00, reported today by Zacks Investment Research

Stating a possible upside of 0.15%, Zacks Investment Research raised the price target of NetApp Inc. (NASDAQ:NTAP) to $40.

Only yesterday NetApp Inc. (NASDAQ:NTAP) traded 0.68% lower at $34.71. The company’s 50-day moving average is $31.90 and its two hundred day moving average is $26.83. With the last close up 29.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trading volume was was up over the average, with 5,182,676 shares of NTAP changing hands over the typical 3,154,730 shares..

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With a market cap of $0.0, NetApp Inc. has a one-year low of $20.66 and a one-year high of $35.68 with a price-earnings ratio of 31.

In addition to Zacks Investment Research reporting it’s stock price target, a total of 25 firms have released a ratings update on the stock. The average target price is $24.90 with one analyst rating the stock a strong buy, one analyst rating the stock a buy, 23 firms rating the stock a hold, 10 firms rating the company to underperform, and finally one brokeragerating the stock as sell.

About NetApp Inc. (NASDAQ:NTAP)

NetApp, Inc. (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models. Its data management and storage offerings help manage business productivity, performance and profitability, while providing investment protection and asset utilization. The Company’s FlexPod portfolio includes FlexPod Datacenter for core enterprise data centers and service providers, FlexPod Express for medium-sized businesses and branch offices, and FlexPod Select for data-intensive workloads. The portfolio is validated with hypervisors, operating systems, and systems management tools and cloud management platforms.

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