DA Davidson reiterated their buy rating on shares of NetSuite Inc (NYSE:N) in a report issued on Tuesday, Marketbeat.com reports.

Shares of NetSuite (NYSE:N) traded down 1.87% during midday trading on Tuesday, hitting $65.67. 825,322 shares of the company traded hands. NetSuite has a 12-month low of $64.38 and a 12-month high of $108.07. The stock’s market capitalization is $5.22 billion. The stock’s 50-day moving average is $78.99 and its 200 day moving average is $87.00.

N has been the subject of several other research reports. TheStreet cut shares of NetSuite from a hold rating to a sell rating in a research report on Monday, November 2nd. Piper Jaffray reiterated an in-line rating and set a $72.00 price target (down previously from $78.00) on shares of NetSuite in a research report on Tuesday. Stephens cut shares of NetSuite from an overweight rating to an equal weight rating in a research report on Monday. Zacks Investment Research upgraded shares of NetSuite from a hold rating to a buy rating and set a $96.00 price target for the company in a research report on Wednesday, October 28th. Finally, Mizuho reiterated a hold rating and set a $90.00 price target on shares of NetSuite in a research report on Thursday, November 12th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $99.02.

In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of the company’s stock in a transaction on Friday, January 15th. The shares were sold at an average price of $72.16, for a total value of $1,443,200.00. Following the transaction, the chairman now directly owns 88,406 shares in the company, valued at $6,379,376.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Douglas P. Solomon sold 810 shares of the company’s stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $86.80, for a total transaction of $70,308.00. Following the completion of the transaction, the senior vice president now owns 33,440 shares in the company, valued at $2,902,592. The disclosure for this sale can be found here.

Other institutional investors recently added to or reduced their stakes in the company. Janus Capital Management increased its position in NetSuite by 23.4% in the third quarter. Janus Capital Management now owns 3,086,563 shares of the company’s stock valued at $258,966,000 after buying an additional 585,393 shares in the last quarter. Fourth Swedish National Pension Fund boosted its stake in shares of NetSuite by 7.0% in the fourth quarter. Fourth Swedish National Pension Fund now owns 11,256 shares of the company’s stock worth $952,000 after buying an additional 736 shares during the last quarter. Fisher Asset Management boosted its stake in shares of NetSuite by 3.5% in the fourth quarter. Fisher Asset Management now owns 10,726 shares of the company’s stock worth $908,000 after buying an additional 360 shares during the last quarter. BB&T Securities boosted its stake in shares of NetSuite by 0.6% in the fourth quarter. BB&T Securities now owns 5,410 shares of the company’s stock worth $457,000 after buying an additional 31 shares during the last quarter. Finally, Proficio Capital Partners acquired a new stake in shares of NetSuite during the fourth quarter worth about $0.

NetSuite Inc. (NYSE:N) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Company’s offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Company’s technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

12 Month Chart for NYSE:N

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