Scopia Capital Management LP Has Boosted By $12.28 Million Its Consol Energy (CNX) Holding; Netapp (NTAP) Has 1.18 Sentiment

October 12, 2017 - By Winifred Garcia

Scopia Capital Management Lp increased Consol Energy Inc (CNX) stake by 16.01% reported in 2017Q2 SEC filing. Scopia Capital Management Lp acquired 877,478 shares as Consol Energy Inc (CNX)’s stock declined 5.08%. The Scopia Capital Management Lp holds 6.36M shares with $95.02M value, up from 5.48M last quarter. Consol Energy Inc now has $3.73 billion valuation. The stock declined 1.47% or $0.24 reaching $16.14 on the news. About 360,830 shares traded. CONSOL Energy Inc. (NYSE:CNX) has risen 22.10% since October 12, 2016 and is uptrending. It has outperformed by 5.40% the S&P500.

NetApp, Inc. provides software, systems and services to manage and store customer data. The company has market cap of $11.64 billion. The Firm enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. It has a 20.79 P/E ratio. The Firm offers a portfolio of services and products that satisfy a range of customer workloads across different data types and deployment models.

Analysts await NetApp Inc. (NASDAQ:NTAP) to report earnings on November, 15. They expect $0.55 EPS, up 30.95% or $0.13 from last year’s $0.42 per share. NTAP’s profit will be $148.37 million for 19.61 P/E if the $0.55 EPS becomes a reality. After $0.52 actual EPS reported by NetApp Inc. for the previous quarter, Wall Street now forecasts 5.77% EPS growth.

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 -13.93% below today’s ($43.15) share price. NTAP was included in 13 notes of analysts from August 18, 2016. The company was maintained on Thursday, November 17 by Lake Street. The rating was upgraded by Drexel Hamilton on Thursday, November 17 to “Buy”. On Wednesday, August 24 the stock rating was upgraded by Goldman Sachs to “Neutral”. Cross Research upgraded the shares of NTAP in report on Monday, September 26 to “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Thursday, August 18. The rating was downgraded by Maxim Group on Thursday, November 17 to “Hold”. As per Tuesday, February 14, the company rating was upgraded by Piper Jaffray. The rating was maintained by RBC Capital Markets on Thursday, November 17 with “Sector Perform”. The firm has “Sell” rating given on Monday, September 26 by Deutsche Bank. As per Wednesday, December 7, the company rating was downgraded by Credit Suisse.

About 415,708 shares traded. NetApp Inc. (NTAP) has risen 68.93% since October 12, 2016 and is uptrending. It has outperformed by 52.23% the S&P500.

Sirios Capital Management L P holds 4.51% of its portfolio in NetApp Inc. for 2.27 million shares. Ivory Investment Management Llc owns 1.90 million shares or 2.83% of their US portfolio. Moreover, Lyons Wealth Management Llc. has 2.77% invested in the company for 49,245 shares. The California-based Aimz Investment Advisors Llc has invested 2.69% in the stock. Harber Asset Management Llc, a New York-based fund reported 151,022 shares.

Since January 1, 0001, it had 0 buys, and 7 sales for $2.76 million activity.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.10, from 1.05 in 2017Q1. It turned negative, as 36 investors sold CNX shares while 82 reduced holdings. 28 funds opened positions while 84 raised stakes. 222.88 million shares or 3.94% less from 232.01 million shares in 2017Q1 were reported. Teacher Retirement Of Texas holds 0% in CONSOL Energy Inc. (NYSE:CNX) or 14,921 shares. Nomura Holdings holds 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX) for 26,439 shares. Comerica Savings Bank reported 152,499 shares. Guggenheim Limited Liability Corporation invested 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Citigroup has invested 0% in CONSOL Energy Inc. (NYSE:CNX). Fifth Third Bancorporation stated it has 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Minnesota-based Ameriprise Fin has invested 0% in CONSOL Energy Inc. (NYSE:CNX). 135,176 were reported by Gotham Asset Mgmt Ltd Llc. D E Shaw & Company owns 900,900 shares. Van Eck stated it has 5.76M shares or 0.47% of all its holdings. Raffles Lp reported 3.78% stake. Legal General Group Public Ltd Com reported 378,965 shares stake. Tower Limited Liability Corporation (Trc) reported 0% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Tudor Corporation Et Al owns 33,791 shares for 0.02% of their portfolio. Howard Hughes Institute invested 0.37% of its portfolio in CONSOL Energy Inc. (NYSE:CNX).

Among 16 analysts covering Consol Energy Inc. (NYSE:CNX), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Consol Energy Inc. had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, August 14. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Hold” rating given on Monday, January 30 by SunTrust. The rating was initiated by KLR Group on Monday, April 4 with “Buy”. Susquehanna maintained it with “Neutral” rating and $7 target in Tuesday, January 26 report. FBR Capital reinitiated the shares of CNX in report on Friday, February 26 with “Outperform” rating. Morgan Stanley downgraded CONSOL Energy Inc. (NYSE:CNX) rating on Friday, January 22. Morgan Stanley has “Equal-Weight” rating and $29 target. Barclays Capital maintained the shares of CNX in report on Thursday, May 25 with “Hold” rating. The stock has “Neutral” rating by Susquehanna on Friday, October 30. Stifel Nicolaus maintained it with “Buy” rating and $14 target in Wednesday, January 20 report. As per Friday, July 31, the company rating was maintained by FBR Capital.

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