Netapp Inc (NASDAQ: NTAP) is 2.83% higher on its value in year-to-date trading and has touched a low of $83.80 and a high of $135.45 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 $116.69 in the last trading session, with the day’s gains setting it 2.67%.
Currently trading at $119.36, the stock is 1.15% and -1.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 2.29% at the moment leaves the stock -0.23% off its SMA200. NTAP registered 37.72% gain for a year compared to 6-month loss of -9.29%. The firm has a 50-day simple moving average (SMA 50) of $120.7706 and a 200-day simple moving average (SMA200) of $119.56305.
The stock witnessed a -3.36% gain in the last 1 month and extending the period to 3 months gives it a -5.91%, and is 1.86% 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 1.81% over the week and 2.28% over the month.
Netapp Inc (NTAP) has around 11800 employees, a market worth around $24.27B and $6.47B in sales. Current P/E ratio is 21.90 and Fwd P/E is 15.14. Profit margin for the company is 17.80%. Distance from 52-week low is 42.43% and -11.88% from its 52-week high. The company has generated returns on investments over the last 12 months (48.94%).
with sales reaching $1.69B over the same period.The EPS is expected to grow by 13.31% this year, but quarterly earnings will post 6.08% year-over-year. Quarterly sales are estimated to grow 5.28% in year-over-year returns.
1253.0 institutions hold shares in Netapp Inc (NTAP), with institutional investors hold 94.29% of the company’s shares. The shares outstanding are 203.00M, and float is at 202.53M with Short Float at 5.28%. Institutions hold 93.91% 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 451 shares of the company’s common stock on Jan 10 ’25 at a price of $116.79 per share for a total of $52672.0. Following the sale, the insider now owns 12005.0 shares.
Netapp Inc disclosed in a document filed with the SEC on Jan 07 ’25 that BERRY MICHAEL J (EVP, CFO) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Jan 07 ’25 and was made at $117.80 per share for $1.47 million. Following the transaction, the insider now directly holds 0.15 million shares of the NTAP stock.
Still, SEC filings show that on Jan 08 ’25, BERRY MICHAEL J (EVP, CFO) disposed off 12,500 shares at an average price of $116.88 for $1.46 million. The insider now directly holds 135,743 shares of Netapp Inc (NTAP).
