Is International Game Technology PLC (IGT) and NetApp, Inc. (NTAP) a Safe investment after recent trade?

International Game Technology PLC (NYSE:IGT) is now -49.13% away from its 1-year high and 18.30% higher than its 1-year low price. In the past seven days, the stock price volatility for International Game Technology PLC was 2.84%, whereas its volatility in the past 30 days has been 3.91%. This public company’s stock also has a beta score of 1.35. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

International Game Technology PLC (NYSE:IGT) most recently published its quarterly earnings results. The firm posted $0.31 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.29 by $0.02. The publicly-traded organization reported revenue of $1,155.65 million for the quarter, compared to the average analyst forecast calling for $1,186.51 million, which was missing the analyst consensus estimate.

Shares of International Game Technology PLC (IGT) plunged -2.11%, amounting to a loss of -$0.34 per share, to finish the regular trading session at $15.77 on Saturday 02/09/2019. After beginning the session at $15.97, shares of International Game Technology PLC reached as high as $16.12 during the day, while hitting a 1-day low of $15.55. Trade volume reached 2,065,703 shares against this stock’s average daily volume of 3.31M shares, with a total float of 98.98M. As a consequence of the price decrease, International Game Technology PLC now has a current market value of 3.16B.

NetApp, Inc. (NASDAQ:NTAP) subtracted -1.48% to its trading price by the close of the most recent session, dropping from its previous closing price of $66.99 to $66.00. This stock increased in value by 0.30% during the last 7-day period, and experienced a gain of 9.65% over the past 30-day period. In the past three months, this stock’s price lost by -17.83% , and subtracted -20.45% to its price during the last six months of trading. NTAP demonstrated a yearly price gain of 14.52% , while its year-to-date (YTD) price performance has been up 10.61% . This stock’s price changed by +21.10% compared to its 90-day low, and moved down -20.06% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the NTAP stock as “Buy”. In the short-term, NetApp, Inc. (NTAP) has a 20-day average volume of 2,409,725 shares and short-term indicators sets the NTAP stock as “ 60% Buy ” on average basis. In the medium-term, NTAP stock has a 50-Day average volume of 3,078,534 shares and medium-term indicators gave the average rating of “ 50% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 3,013,921 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the NTAP stock as “32% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on NTAP. Morgan Stanley, for example, Downgrade its rating on shares of NetApp, Inc. from “Equal-Weight ” to a “ Underweight”according to a research note from Wednesday January 16th, 2019. Cowen Initiated their target price for this stock to $53, while giving the stock a “Underperform” rating, as stated in a research report from Tuesday, December 11th, 2018. Morgan Stanley, on the other hand, Reiterated a “Equal-Weight” rating on this stock, while posting a $72 price target on shares of this company’s stock in a research note dated Thursday, November 15th, 2018.

In other news related to NetApp, Inc. stock, 98.20% shares of NTAP held by institutions. The total number of institutions who held the NTAP shares was 878, according to most recent SEC filling. During the past quarter, total 247,362,178 shares held by institutions with the net change of -580,924 shares. In the meantime, 39 new institutions bought the shares of NetApp, Inc. for the first time and 53 institutions sold all their holdings in the company’s common stock. 160 institutions increased their investment in the NTAP stock and 193 institutions decreased their investment in the NetApp, Inc. (NTAP)’s stock during the last quarter.