Netapp Inc (NASDAQ: NTAP) is -17.74% 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 $104.16 in the last trading session, with the day’s gains setting it 3.09%.
Currently trading at $107.25, the stock is 1.67% and 4.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.58 million and changing 2.97% at the moment leaves the stock -1.83% off its SMA200. NTAP registered -7.61% loss for a year compared to 6-month loss of -8.09%. The firm has a 50-day simple moving average (SMA 50) of $101.5098 and a 200-day simple moving average (SMA200) of $109.52185.
The stock witnessed a 2.93% gain in the last 1 month and extending the period to 3 months gives it a 30.51%, and is 0.78% 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 2.28% over the week and 2.08% over the month.
Netapp Inc (NTAP) has around 11700 employees, a market worth around $21.49B and $6.58B in sales. Current P/E ratio is 18.88 and Fwd P/E is 12.64. Profit margin for the company is 18.04%. Distance from 52-week low is 49.29% and -20.82% from its 52-week high. The company has generated returns on investments over the last 12 months (31.70%).
The EPS is expected to grow by 6.62% this year
1256.0 institutions hold shares in Netapp Inc (NTAP), with institutional investors hold 95.96% of the company’s shares. The shares outstanding are 201.00M, and float is at 199.38M with Short Float at 4.37%. Institutions hold 95.45% 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 12.5092 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 1,000 shares of the company’s common stock on Jul 10 ’25 at a price of $106.84 per share for a total of $0.11 million. Following the sale, the insider now owns 24251.0 shares.
Still, SEC filings show that on Jun 16 ’25, Kurian George (CEO) disposed off 8,500 shares at an average price of $101.78 for $0.87 million. The insider now directly holds 296,805 shares of Netapp Inc (NTAP).
