NetApp (NTAP) Stock Price, News & Analysis

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NTAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View NTAP analyst ratings or view top-rated stocks.

17 equities research analysts have issued twelve-month target prices for NetApp's shares. Their NTAP share price targets range from $58.00 to $130.00. On average, they predict the company's stock price to reach $97.94 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for NTAP or view top-rated stocks among Wall Street analysts.

NetApp's stock was trading at $88.16 on January 1st, 2024. Since then, NTAP shares have increased by 13.6% and is now trading at $100.14.
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NetApp saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 5,180,000 shares, a drop of 28.0% from the March 15th total of 7,190,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.5% of the shares of the stock are short sold.
View NetApp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our NTAP earnings forecast.

NetApp will be holding an earnings conference call on Thursday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

NetApp, Inc. (NASDAQ:NTAP) issued its earnings results on Thursday, February, 29th. The data storage provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.25. The data storage provider earned $1.61 billion during the quarter, compared to analysts' expectations of $1.59 billion. NetApp had a net margin of 15.21% and a trailing twelve-month return on equity of 109.49%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS.
Read the conference call transcript.

NetApp announced a quarterly dividend on Thursday, February 29th. Investors of record on Friday, April 5th will be paid a dividend of $0.50 per share on Wednesday, April 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, April 4th.
Read our dividend analysis for NTAP.

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 45.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 36.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

ETFs with the largest weight of NetApp (NASDAQ:NTAP) stock in their portfolio include Amplify Global Cloud Technology ETF (IVES), Affinity World Leaders Equity ETF (WLDR), Direxion Work From Home ETF (WFH), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), First Trust S&P 500 Diversified Dividend Aristocrats ETF (RNDV), VictoryShares Nasdaq Next 50 ETF (QQQN), Victoryshares Dividend Accelerator ETF (VSDA) and First Trust Long/Short Equity ETF (FTLS).

NetApp updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 6.400-6.500 for the period, compared to the consensus earnings per share estimate of 6.150. The company issued revenue guidance of $6.2 billion-$6.3 billion, compared to the consensus revenue estimate of $6.2 billion.

390 employees have rated NetApp Chief Executive Officer George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), Salesforce (CRM), Adobe (ADBE) and Tesla (TSLA).

NetApp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (1.12%), Alaska Permanent Fund Corp (0.03%), Wealth Enhancement Advisory Services LLC (0.03%), Central Bank & Trust Co. (0.03%), Diversified Trust Co (0.02%) and CHURCHILL MANAGEMENT Corp (0.02%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, Elizabeth M O'callahan, George Kurian, Gerald Held, Matthew K Fawcett, Michael J Berry, Robert Parks and Thomas Michael Nevens.
View institutional ownership trends.

Shares of NTAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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