Netapp Inc (NASDAQ: NTAP) is 43.70% 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 $125.88 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $126.69, the stock is 2.01% and 2.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.65% at the moment leaves the stock 13.89% off its SMA200. NTAP registered 64.70% gain for a year compared to 6-month gain of 26.51%. The firm has a 50-day simple moving average (SMA 50) of $123.7286 and a 200-day simple moving average (SMA200) of $111.23715.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 6.15% loss in the last 1 month and extending the period to 3 months gives it a 0.37%, and is 1.37% 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 1.43% over the week and 1.78% over the month.
Netapp Inc (NTAP) has around 11800 employees, a market worth around $25.94B and $6.37B in sales. Current P/E ratio is 24.70 and Fwd P/E is 16.69. Profit margin for the company is 17.03%. Distance from 52-week low is 78.89% and -6.16% from its 52-week high. The company has generated returns on investments over the last 12 months (45.42%).
The EPS is expected to grow by 10.00% this year
1231.0 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 203.77M with Short Float at 3.37%. Institutions hold 94.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.77 million shares valued at $3.32 billion. The investor’s holdings represent 12.389 of the NTAP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.21 million shares valued at $2.73 billion to account for 10.1967 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 13.79 million shares representing 6.6283 and valued at over $1.78 billion, while STATE STREET CORP holds 4.8374 of the shares totaling 10.06 million with a market value of $1.3 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 705 shares of the company’s common stock on Oct 10 ’24 at a price of $126.20 per share for a total of $88971.0. Following the sale, the insider now owns 11694.0 shares.
Still, SEC filings show that on Sep 30 ’24, CERNUDA CESAR (President) disposed off 22,000 shares at an average price of $122.16 for $2.69 million. The insider now directly holds 45,944 shares of Netapp Inc (NTAP).
