NetSuite Inc. (NYSE:N) shares saw strong trading volume on Wednesday . 3,919,252 shares traded hands during trading, an increase of 204% from the previous session’s volume of 1,290,841 shares.The stock last traded at $90.48 and had previously closed at $83.92.

A number of equities analysts have weighed in on the company. Cowen and Company set a $70.00 price target on NetSuite and gave the stock a “sell” rating in a research report on Wednesday. BMO Capital Markets reaffirmed a “hold” rating on shares of NetSuite in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. assumed coverage on NetSuite in a research report on Monday, May 23rd. They set a “sell” rating and a $68.00 price target for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of NetSuite in a research report on Wednesday, May 18th. Finally, Morgan Stanley reaffirmed a “sell” rating on shares of NetSuite in a research report on Thursday, May 19th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.66.

The stock’s market capitalization is $7.37 billion. The company’s 50-day moving average is $78.26 and its 200-day moving average is $71.94.

In other news, CEO Zachary Nelson sold 28,242 shares of NetSuite stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $80.00, for a total value of $2,259,360.00. Following the sale, the chief executive officer now directly owns 313,825 shares of the company’s stock, valued at $25,106,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Douglas P. Solomon sold 1,000 shares of NetSuite stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the senior vice president now directly owns 49,434 shares in the company, valued at $4,201,890. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of N. Dimensional Fund Advisors LP boosted its stake in shares of NetSuite by 18.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 58,827 shares of the company’s stock valued at $4,978,000 after buying an additional 9,120 shares during the period. New York State Common Retirement Fund boosted its stake in shares of NetSuite by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 217,800 shares of the company’s stock valued at $18,430,000 after buying an additional 8,900 shares during the period. Schroder Investment Management Group boosted its stake in shares of NetSuite by 14.4% in the fourth quarter. Schroder Investment Management Group now owns 59,178 shares of the company’s stock valued at $5,008,000 after buying an additional 7,471 shares during the period. Pitcairn Co. boosted its stake in shares of NetSuite by 48.1% in the fourth quarter. Pitcairn Co. now owns 14,846 shares of the company’s stock valued at $1,256,000 after buying an additional 4,819 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of NetSuite by 1.3% in the fourth quarter. Rhumbline Advisers now owns 38,200 shares of the company’s stock valued at $3,232,000 after buying an additional 497 shares during the period.

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.

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