Netapp Inc (NASDAQ: NTAP) is 49.08% higher on its value in year-to-date trading and has touched a low of $70.82 and a high of $135.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTAP stock was last observed hovering at around $127.11 in the last trading session, with the day’s gains setting it 4.32%.
Currently trading at $131.43, the stock is 6.43% and 4.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 3.40% at the moment leaves the stock 28.79% off its SMA200. NTAP registered 72.28% gain for a year compared to 6-month gain of 49.76%.
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The stock witnessed a 3.15% loss in the last 1 month and extending the period to 3 months gives it a 18.81%, and is 10.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.51% over the month.
Netapp Inc (NTAP) has around 11800 employees, a market worth around $27.02B and $6.26B in sales. Current P/E ratio is 28.26 and Fwd P/E is 17.72. Profit margin for the company is 15.75%. Distance from 52-week low is 85.58% and -2.65% from its 52-week high. The company has generated returns on investments over the last 12 months (29.36%).
Netapp Inc quarterly earnings per share for the current quarter are estimated at 1.45 with sales reaching $1.53B over the same period.The EPS is expected to grow by 6.55% this year, but quarterly earnings will post 4.60% year-over-year.
1226.0 institutions hold shares in Netapp Inc (NTAP), with institutional investors hold 94.89% of the company’s shares. The shares outstanding are 206.00M, and float is at 204.71M with Short Float at 3.06%. Institutions hold 94.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.58 million shares valued at $$2.69 billion. The investor’s holdings represent 12.4196 of the NTAP Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 18.68 million shares valued at $$1.96 billion to account for 9.0703 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 14.5 million shares representing 7.0412 and valued at over $$1.52 billion, while STATE STREET CORP holds 4.6421 of the shares totaling 9.56 million with a market value of $$1.0 billion.
Netapp Inc (NTAP) Insider Activity
The most recent transaction is an insider sale by O’Callahan Elizabeth M, the company’s EVP, Chief Legal Officer. SEC filings show that O’Callahan Elizabeth M sold 704 shares of the company’s common stock on Aug 12 ’24 at a price of $122.49 per share for a total of $86233.0. Following the sale, the insider now owns 11182.0 shares.
Still, SEC filings show that on Jul 15 ’24, Kurian George (CEO) disposed off 8,500 shares at an average price of $130.36 for $1.11 million. The insider now directly holds 314,274 shares of Netapp Inc (NTAP).
