Netapp Inc Stock Buy Hold or Sell Recommendation
NTAP Stock | USD 100.06 0.64 0.64% |
Given the investment horizon of 90 days and your conservative attitude towards risk, our recommendation regarding NetApp Inc is 'Sell'. Macroaxis provides NetApp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NetApp positions. The advice algorithm takes into account all of NetApp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting NetApp's buy or sell advice are summarized below:
Real Value 81.69 | Target Price 80.67 | Hype Value 99.42 | Market Value 100.06 | Naive Value 99.67 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell NetApp Inc given historical horizon and risk tolerance towards NetApp. When Macroaxis issues a 'buy' or 'sell' recommendation for NetApp Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
NetApp |
Execute NetApp Buy or Sell Advice
The NetApp recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NetApp Inc. Macroaxis does not own or have any residual interests in NetApp Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NetApp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Sell
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
NetApp Trading Alerts and Improvement Suggestions
Over 95.0% of the company shares are owned by institutional investors | |
On 24th of April 2024 NetApp paid $ 0.5 per share dividend to its current shareholders | |
Latest headline from benzinga.com: Competitor Analysis Evaluating Super Micro Computer And Competitors In Technology Hardware, Storage Peripherals Industry |
NetApp Returns Distribution Density
The distribution of NetApp's historical returns is an attempt to chart the uncertainty of NetApp's future price movements. The chart of the probability distribution of NetApp daily returns describes the distribution of returns around its average expected value. We use NetApp Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NetApp returns is essential to provide solid investment advice for NetApp.
Mean Return | 0.22 | Value At Risk | -1.97 | Potential Upside | 1.94 | Standard Deviation | 2.54 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NetApp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
NetApp Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as NetApp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NetApp Inc backward and forwards among themselves. NetApp's institutional investor refers to the entity that pools money to purchase NetApp's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Arrowstreet Capital Limited Partnership | 2023-12-31 | 2.7 M | Norges Bank | 2023-12-31 | 2.6 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2.6 M | Legal & General Group Plc | 2023-12-31 | 2.4 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 2.4 M | Northern Trust Corp | 2023-12-31 | 2.2 M | Amundi | 2023-12-31 | 2 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.8 M | Vanguard Group Inc | 2023-12-31 | 26.1 M | Blackrock Inc | 2023-12-31 | 18.9 M |
NetApp Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change To Inventory | (9M) | (14M) | 31M | (90M) | 42.6M | 44.7M | |
Change In Cash | 335M | 1.9B | (416M) | (1.8B) | (1.6B) | (1.5B) | |
Free Cash Flow | 936M | 1.2B | 985M | 868M | 998.2M | 700.4M | |
Depreciation | 193M | 207M | 194M | 248M | 285.2M | 164.4M | |
Other Non Cash Items | 14M | (80M) | 1M | (15M) | (13.5M) | (14.2M) | |
Capital Expenditures | 124M | 162M | 226M | 239M | 274.9M | 168.7M | |
Net Income | 819M | 730M | 937M | 1.3B | 1.5B | 1.5B | |
End Period Cash Flow | 2.7B | 4.5B | 4.1B | 2.3B | 2.7B | 1.7B | |
Change To Netincome | 137M | 215M | 102M | (361M) | (415.2M) | (394.4M) | |
Dividends Paid | 439M | 427M | 446M | 432M | 496.8M | 343.7M | |
Investments | 1.4B | 160M | 45M | (1.4B) | (1.6B) | (1.5B) | |
Change Receivables | 238M | 62M | (313M) | 260M | 299M | 314.0M | |
Net Borrowings | (133M) | 940M | (2M) | (255M) | (229.5M) | (218.0M) |
NetApp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NetApp or Technology Hardware, Storage & Peripherals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NetApp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NetApp stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.09 | |
β | Beta against NYSE Composite | 1.43 | |
σ | Overall volatility | 2.59 | |
Ir | Information ratio | 0.05 |
NetApp Volatility Alert
NetApp Inc has relatively low volatility with skewness of 5.49 and kurtosis of 39.43. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NetApp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NetApp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.NetApp Implied Volatility
NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.
NetApp Fundamentals Vs Peers
Comparing NetApp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NetApp's direct or indirect competition across all of the common fundamentals between NetApp and the related equities. This way, we can detect undervalued stocks with similar characteristics as NetApp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NetApp's fundamental indicators could also be used in its relative valuation, which is a method of valuing NetApp by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare NetApp to competition |
Fundamentals | NetApp | Peer Average |
Return On Equity | 0.9 | -0.31 |
Return On Asset | 0.0802 | -0.14 |
Profit Margin | 0.15 % | (1.27) % |
Operating Margin | 0.24 % | (5.51) % |
Current Valuation | 19.94 B | 16.62 B |
Shares Outstanding | 206.38 M | 571.82 M |
Shares Owned By Insiders | 0.31 % | 10.09 % |
Shares Owned By Institutions | 95.03 % | 39.21 % |
Number Of Shares Shorted | 5.18 M | 4.71 M |
Price To Earning | 17.90 X | 28.72 X |
Price To Book | 21.14 X | 9.51 X |
Price To Sales | 3.40 X | 11.42 X |
Revenue | 6.36 B | 9.43 B |
Gross Profit | 4.21 B | 27.38 B |
EBITDA | 1.55 B | 3.9 B |
Net Income | 1.27 B | 570.98 M |
Cash And Equivalents | 3.45 B | 2.7 B |
Cash Per Share | 15.85 X | 5.01 X |
Total Debt | 2.39 B | 5.32 B |
Debt To Equity | 4.51 % | 48.70 % |
Current Ratio | 1.38 X | 2.16 X |
Book Value Per Share | 4.83 X | 1.93 K |
Cash Flow From Operations | 1.11 B | 971.22 M |
Short Ratio | 1.89 X | 4.00 X |
Earnings Per Share | 4.39 X | 3.12 X |
Price To Earnings To Growth | 1.06 X | 4.89 X |
Target Price | 105.48 | |
Number Of Employees | 12 K | 18.84 K |
Beta | 1.27 | -0.15 |
Market Capitalization | 20.52 B | 19.03 B |
Total Asset | 9.82 B | 29.47 B |
Retained Earnings | 265 M | 9.33 B |
Working Capital | 1.21 B | 1.48 B |
Note: Disposition of 2341 shares by De Lorenzo Daniel of NetApp subject to Rule 16b-3 [view details]
NetApp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NetApp . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About NetApp Buy or Sell Advice
When is the right time to buy or sell NetApp Inc? Buying financial instruments such as NetApp Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.6B | 2.4B | 2.7B | 2.9B | Total Assets | 10.0B | 9.8B | 11.3B | 6.1B |
Use Investing Ideas to Build Portfolios
In addition to having NetApp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Emerging Markets Funds Thematic Idea Now
Emerging Markets Funds
Fund or Etfs that invest in markets of developing countries. The Emerging Markets Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets Funds Theme or any other thematic opportunities.
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Check out NetApp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for NetApp Stock analysis
When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.933 | Dividend Share 2 | Earnings Share 4.39 | Revenue Per Share 29.398 | Quarterly Revenue Growth 0.052 |
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.