Netapp Inc (NASDAQ: NTAP) is -14.01% lower on its value in year-to-date trading and has touched a low of $71.84 and a high of $135.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NTAP stock was last observed hovering at around $99.65 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $99.82, the stock is 9.72% and 11.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 0.17% at the moment leaves the stock -11.91% off its SMA200. NTAP registered -7.70% loss for a year compared to 6-month loss of -18.13%.
The stock witnessed a 21.47% gain in the last 1 month and extending the period to 3 months gives it a -15.21%, and is 5.70% 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 1.67% over the week and 2.20% over the month.
Netapp Inc (NTAP) has around 11800 employees, a market worth around $20.60B and $6.51B in sales. Current P/E ratio is 18.47 and Fwd P/E is 12.95. Profit margin for the company is 17.47%. Distance from 52-week low is 38.95% and -26.30% from its 52-week high. The company has generated returns on investments over the last 12 months (46.33%).
The EPS is expected to grow by 11.83% this year
The shares outstanding are 206.38M, and float is at 205.53M with Short Float at 4.15%.
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 12.5092 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 10.2957 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 13.79 million shares representing 6.6926 and valued at over $1.78 billion, while STATE STREET CORP holds 4.8844 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 Admin. Officer. SEC filings show that O’Callahan Elizabeth M sold 452 shares of the company’s common stock on May 12 ’25 at a price of $97.50 per share for a total of $44070.0. Following the sale, the insider now owns 11997.0 shares.
Still, SEC filings show that on Apr 21 ’25, Kurian George (CEO) disposed off 8,500 shares at an average price of $81.83 for $0.7 million. The insider now directly holds 249,765 shares of Netapp Inc (NTAP).
