Shares of NetSuite Inc. (NYSE:N) rose 6.3% during mid-day trading on Friday . The stock traded as high as $87.67 and last traded at $87.05, with a volume of 1,331,939 shares. The stock had previously closed at $81.90.

N has been the topic of several recent analyst reports. Deutsche Bank AG raised NetSuite from a “hold” rating to a “buy” rating and raised their target price for the stock from $95.00 to $125.00 in a research note on Monday, March 28th. Vetr cut NetSuite from a “strong-buy” rating to a “buy” rating and set a $85.12 target price on the stock. in a research note on Thursday, April 21st. Mitsubishi UFJ Financial Group initiated coverage on NetSuite in a research note on Tuesday, April 12th. They issued a “buy” rating and a $80.00 target price on the stock. Canaccord Genuity reissued a “buy” rating and issued a $100.00 target price on shares of NetSuite in a research note on Friday, April 29th. Finally, MKM Partners lifted their price objective on NetSuite from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $82.66.

The firm has a 50-day moving average of $78.04 and a 200 day moving average of $71.86. The stock’s market capitalization is $6.79 billion.

NetSuite (NYSE:N) last announced its earnings results on Thursday, April 28th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The firm earned $216.60 million during the quarter, compared to analyst estimates of $213.45 million. During the same quarter last year, the business earned $0.11 earnings per share. NetSuite’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect that NetSuite Inc. will post $0.45 earnings per share for the current fiscal year.

In other NetSuite news, CEO Zachary Nelson sold 28,242 shares of the firm’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $80.00, for a total value of $2,259,360.00. Following the completion of the transaction, the chief executive officer now owns 313,825 shares of the company’s stock, valued at $25,106,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ronald S. Gill sold 339 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $75.91, for a total transaction of $25,733.49. Following the completion of the transaction, the chief financial officer now directly owns 93,407 shares of the company’s stock, valued at approximately $7,090,525.37. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. Swiss National Bank boosted its position in NetSuite by 3.0% in the fourth quarter. Swiss National Bank now owns 71,200 shares of the company’s stock worth $6,025,000 after buying an additional 2,100 shares in the last quarter. Rhumbline Advisers boosted its position in NetSuite by 1.3% in the fourth quarter. Rhumbline Advisers now owns 38,200 shares of the company’s stock worth $3,232,000 after buying an additional 497 shares in the last quarter. New York State Common Retirement Fund boosted its position in NetSuite by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 217,800 shares of the company’s stock worth $18,430,000 after buying an additional 8,900 shares in the last quarter. Schroder Investment Management Group boosted its position in NetSuite by 14.4% in the fourth quarter. Schroder Investment Management Group now owns 59,178 shares of the company’s stock worth $5,008,000 after buying an additional 7,471 shares in the last quarter. Finally, Pitcairn Co. boosted its position in NetSuite by 48.1% in the fourth quarter. Pitcairn Co. now owns 14,846 shares of the company’s stock worth $1,256,000 after buying an additional 4,819 shares in the last quarter.

NetSuite Inc (NetSuite) is a provider of cloud-based financials, enterprise resource planning and omnichannel commerce software suites. The Company offers a suite of applications, including financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human capital management that enable companies to manage business operations in an integrated suite.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.