Netapp Inc (NASDAQ: NTAP) is -18.21% 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 $106.67 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $106.42, the stock is 1.43% and 5.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -0.23% at the moment leaves the stock -2.99% off its SMA200. NTAP registered -8.32% loss for a year compared to 6-month loss of -9.81%. The firm has a 50-day simple moving average (SMA 50) of $100.8632 and a 200-day simple moving average (SMA200) of $109.69785.
The stock witnessed a 3.26% gain in the last 1 month and extending the period to 3 months gives it a 39.77%, and is -1.11% down 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 1.64% over the week and 2.03% over the month.
Netapp Inc (NTAP) has around 11700 employees, a market worth around $21.32B and $6.58B in sales. Current P/E ratio is 18.73 and Fwd P/E is 12.54. Profit margin for the company is 18.04%. Distance from 52-week low is 48.14% and -21.43% 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 4.11%. 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
Netapp Inc disclosed in a document filed with the SEC on Jun 16 ’25 that Kurian George (CEO) sold a total of 8,500 shares of the company’s common stock. The trade occurred on Jun 16 ’25 and was made at $101.78 per share for $0.87 million. Following the transaction, the insider now directly holds 0.3 million shares of the NTAP stock.
