Netapp Inc Stock Today

NTAP Stock  USD 115.67  1.63  1.43%   

Performance

14 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 9

 
High
 
Low
Low
NetApp is selling at 115.67 as of the 26th of May 2024; that is 1.43 percent increase since the beginning of the trading day. The stock's last reported lowest price was 114.41. NetApp has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on April 12, 2024, Representative Doug Lamborn of US Congress acquired $15k to $50k worth of NetApp Inc's common stock.
Business Domain
Technology Hardware & Equipment
IPO Date
21st of November 1995
Category
Technology
Classification
Information Technology
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. The company has 206.38 M outstanding shares of which 4.97 M shares are now shorted by private and institutional investors with about 3.39 trading days to cover. More on NetApp Inc

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NetApp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NetApp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NetApp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, NetApp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NetApp's managers, analysts, and investors.
Environmental
Governance
Social
CEO and DirectorGeorge Kurian
Thematic Ideas
(View all Themes)
Business ConcentrationTechnology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, SP 500 Index, ARCA Computer Technology, NASDAQ Composite, ISE Cloud Computing, SRI Sustainable Growth, Computers, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology, Cloud Computing (View all Sectors)
Average Analyst Recommendation
Analysts covering NetApp report their recommendations after researching NetApp's financial statements, talking to executives and customers, or listening in on NetApp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NetApp Inc. The NetApp consensus assessment is calculated by taking the average forecast from all of the analysts covering NetApp.
NetApp Inc (NTAP) is traded on NASDAQ Exchange in USA. It is located in 3060 Olsen Drive, San Jose, CA, United States, 95128 and employs 12,000 people. NetApp is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 23.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NetApp's market, we take the total number of its shares issued and multiply it by NetApp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. NetApp Inc conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 206.38 M outstanding shares of which 4.97 M shares are now shorted by private and institutional investors with about 3.39 trading days to cover. NetApp Inc currently holds about 3.45 B in cash with 1.11 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.85.
Check NetApp Probability Of Bankruptcy
Ownership Allocation
NetApp Inc holds a total of 206.38 Million outstanding shares. The majority of NetApp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in NetApp Inc to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in NetApp Inc. Please pay attention to any change in the institutional holdings of NetApp as this could imply that something significant has changed or is about to change at the company. Please note that on April 12, 2024, Representative Doug Lamborn of US Congress acquired $15k to $50k worth of NetApp Inc's common stock.
Check NetApp Ownership Details

NetApp Stock Institutional Holders

Institutional Holdings refers to the ownership stake in NetApp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NetApp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NetApp's value.
InstituionRecorded OnShares
Arrowstreet Capital Limited Partnership
2.7 M
Norges Bank2023-12-31
2.6 M
Morgan Stanley - Brokerage Accounts2023-12-31
2.6 M
Legal & General Group Plc2023-12-31
2.4 M
Ubs Asset Mgmt Americas Inc2023-12-31
2.4 M
Los Angeles Capital Management Llc2024-03-31
2.3 M
Northern Trust Corp2023-12-31
2.2 M
Amundi2023-12-31
M
Charles Schwab Investment Management Inc2023-12-31
1.8 M
Vanguard Group Inc2023-12-31
26.1 M
Blackrock Inc2023-12-31
18.9 M
View NetApp Diagnostics

NetApp Inc Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NetApp market risk premium is the additional return an investor will receive from holding NetApp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NetApp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NetApp's alpha and beta are two of the key measurements used to evaluate NetApp's performance over the market, the standard measures of volatility play an important role as well.

NetApp Stock Against Markets

Picking the right benchmark for NetApp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NetApp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NetApp is critical whether you are bullish or bearish towards NetApp Inc at a given time. Please also check how NetApp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NetApp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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NetApp Corporate Management

Elected by the shareholders, the NetApp's board of directors comprises two types of representatives: NetApp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NetApp. The board's role is to monitor NetApp's management team and ensure that shareholders' interests are well served. NetApp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NetApp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Matthew FawcettSr. VP, General Counsel and SecretaryProfile
Puneet GuptaManaging ServicesProfile
Michael BerryEx CFOProfile
Alessandra YockelsonExecutive CHROProfile
Elizabeth OCallahanChief VPProfile
Gabrielle BokoChief OfficerProfile
Kris NewtonIR Contact OfficerProfile

How to buy NetApp Stock?

Before investing in NetApp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NetApp. To buy NetApp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of NetApp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase NetApp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located NetApp Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased NetApp Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NetApp Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NetApp Stock please use our How to Invest in NetApp guide.

Already Invested in NetApp Inc?

The danger of trading NetApp Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NetApp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NetApp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NetApp Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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
4.4
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.