NEW YORK (TheStreet) -- Shares of NetApp (NTAP) - Get Report closed lower on Monday as Deutsche Bank reduced its rating on the stock to "sell" from "hold."

The firm has a $25 price target on shares of the Sunnyvale, CA-based storage and data management company.

"NTAP shares are up 45% over the past 3 months and up 35% year to date as the stock has benefited from a market shift into value stocks, modestly better-than-expected sales, and significant cost cutting which has driven upside to margins and EPS," Deutsche Bank wrote in an analyst note.

While the firm applauds management's increased cost discipline, it remains cautious on the company's ability to return to revenue growth due to the significant secular challenges posed by flash-based storage and the cloud.

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Deutsche Bank sees NetApp as particular exposed to those trends and thus believes shares should trade at a discount to peers.

Additionally, the stock was upgraded to "buy" from "hold" at Cross Research today, the Fly noted.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations.

But the team also finds that the company's return on equity has been disappointing.

You can view the full analysis from the report here: NTAP

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