NetApp Company Profile (NASDAQ:NTAP)

About NetApp

NetApp logoNetApp, Inc. (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models. Its data management and storage offerings help manage business productivity, performance and profitability, while providing investment protection and asset utilization. The Company's FlexPod portfolio includes FlexPod Datacenter for core enterprise data centers and service providers, FlexPod Express for medium-sized businesses and branch offices, and FlexPod Select for data-intensive workloads. The portfolio is validated with hypervisors, operating systems, systems management tools and cloud management platforms.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Data Storage Devices
  • Sub-Industry: Computer Storage & Peripherals
  • Exchange: NASDAQ
  • Symbol: NTAP
  • CUSIP: 64110D10
Key Metrics:
  • Previous Close: $40.56
  • 50 Day Moving Average: $37.23
  • 200 Day Moving Average: $34.85
  • 52-Week Range: $274,000,000.00 - $22.50
  • Trailing P/E Ratio: 36.68
  • Foreward P/E Ratio: 13.08
  • P/E Growth: 0.99
  • Market Cap: $11.01B
  • Outstanding Shares: 274,000,000
  • Beta: 1.5
  • Net Margins: 5.89%
  • Return on Equity: 15.66%
  • Return on Assets: 4.98%
  • Debt-to-Equity Ratio: 0.53%
  • Current Ratio: 2.06%
  • Quick Ratio: 2.03%
Additional Links:
Companies Related to NetApp:

Analyst Ratings

Consensus Ratings for NetApp (NASDAQ:NTAP) (?)
Ratings Breakdown: 9 Sell Ratings, 19 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 1.97)
Consensus Price Target: $38.04 (5.30% downside)

Analysts' Ratings History for NetApp (NASDAQ:NTAP)
DateFirmActionRatingPrice TargetDetails
2/17/2017Barclays PLCReiterated RatingSell$38.00View Rating Details
2/16/2017Susquehanna Bancshares IncReiterated RatingPositive$46.00 -> $48.00View Rating Details
2/16/2017Wells Fargo & CompanyReiterated RatingMarket PerformView Rating Details
2/16/2017Lake Street CapitalUpgradeHold -> Buy$32.00 -> $43.00View Rating Details
2/16/2017BMO Capital MarketsReiterated RatingMarket Perform$39.00 -> $43.00View Rating Details
2/16/2017William BlairUpgradeUnderperform -> Market Perform$43.00View Rating Details
2/16/2017Needham & Company LLCReiterated RatingHoldView Rating Details
2/16/2017Robert W. BairdBoost Price TargetHold$40.00 -> $43.00View Rating Details
2/16/2017Morgan StanleyBoost Price TargetUnderweight$26.00 -> $32.00View Rating Details
2/16/2017Goldman Sachs Group, Inc. (The)Reiterated RatingBuy$43.00View Rating Details
2/14/2017Drexel HamiltonReiterated RatingBuy$52.00View Rating Details
2/14/2017RBC Capital MarketsReiterated RatingSector PerformView Rating Details
2/14/2017Piper Jaffray CompaniesUpgradeNeutral -> Overweight$37.00 -> $46.00View Rating Details
2/14/2017BTIG ResearchReiterated RatingNeutralView Rating Details
2/10/2017Credit Suisse GroupReiterated RatingSell$29.00View Rating Details
12/29/2016JMP SecuritiesReiterated RatingUnderperform$24.00 -> $29.00View Rating Details
12/29/2016Citigroup Inc.Reiterated RatingNeutral$33.00 -> $39.00View Rating Details
12/6/2016Maxim GroupDowngradeBuy -> HoldView Rating Details
12/6/2016Jefferies Group LLCReiterated RatingHold$34.00 -> $38.00View Rating Details
12/5/2016Bank of America CorpSet Price TargetHold$40.00View Rating Details
11/17/2016Pacific CrestReiterated RatingHoldView Rating Details
11/17/2016J P Morgan Chase & CoReiterated RatingHold$38.00View Rating Details
11/17/2016Royal Bank Of CanadaBoost Price TargetSector Perform$36.00 -> $40.00View Rating Details
11/4/2016OTR GlobalReiterated RatingMixed -> NegativeView Rating Details
9/30/2016Standpoint ResearchDowngradeBuy -> HoldView Rating Details
9/30/2016Summit RedstoneUpgradeSell -> Buy$30.00 -> $45.00View Rating Details
9/28/2016Brean CapitalReiterated RatingHoldView Rating Details
9/26/2016Cross ResearchUpgradeHold -> BuyView Rating Details
9/26/2016Deutsche Bank AGDowngradeHold -> Sell$35.66 -> $25.00View Rating Details
8/19/2016FBN SecuritiesSet Price TargetHold$27.00 -> $35.00View Rating Details
8/15/2016DA DavidsonReiterated RatingBuy$35.00View Rating Details
6/22/2016Summit ResearchInitiated CoverageSellView Rating Details
5/29/2016Oppenheimer Holdings, Inc.Reiterated RatingHoldView Rating Details
4/18/2016Longbow ResearchReiterated RatingNeutralView Rating Details
4/18/2016Sterne Agee CRTDowngradeNeutral -> Underperform$25.12 -> $22.00View Rating Details
3/21/2016MacquarieDowngradeNeutral -> Underperform$30.00 -> $22.00View Rating Details
2/18/2016Monness Crespi & HardtUpgradeSell -> NeutralView Rating Details
2/12/2016Atlantic SecuritiesDowngradeNeutral -> Underweight$18.00View Rating Details
12/28/2015Raymond James Financial, Inc.Reiterated RatingHoldView Rating Details
11/20/2015Stifel NicolausReiterated RatingHoldView Rating Details
8/20/2015Cantor FitzgeraldReiterated RatingHold$36.00View Rating Details
5/22/2015ArgusDowngradeBuy -> Hold$50.00View Rating Details
(Data available from 2/19/2015 forward)


Earnings History for NetApp (NASDAQ:NTAP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/15/2017Q3 2017$0.74$0.82$1.39 billion$1.40 billionViewListenView Earnings Details
11/16/2016Q2 2017$0.54$0.60$1.36 billion$1.34 billionViewN/AView Earnings Details
8/17/2016Q117$0.36$0.46$1.26 billion$1.29 billionViewListenView Earnings Details
5/25/2016Q416$0.58$0.55$1.40 billion$1.38 billionViewListenView Earnings Details
2/17/2016Q316$0.68$0.70$1.45 billion$1.39 billionViewListenView Earnings Details
11/18/2015Q216$0.57$0.61$1.43 billion$1.45 billionViewListenView Earnings Details
8/19/2015Q116$0.23$0.29$1.32 billion$1.34 billionViewListenView Earnings Details
5/20/2015Q415$0.72$0.65$1.59 billion$1.54 billionViewListenView Earnings Details
2/11/2015Q315$0.77$0.75$1.61 billion$1.55 billionViewN/AView Earnings Details
11/12/2014Q215$0.70$0.70$1.56 billion$1.54 billionViewN/AView Earnings Details
8/13/2014Q115$0.57$0.60$1.47 billion$1.49 billionViewN/AView Earnings Details
5/21/2014Q414$0.79$0.84$1.67 billion$1.65 billionViewN/AView Earnings Details
2/11/2014Q314$0.71$0.75$1.63 billion$1.61 billionViewN/AView Earnings Details
11/13/2013Q214$0.63$0.66$1.60 billion$1.55 billionViewListenView Earnings Details
8/14/2013Q1 2014$0.49$0.53$1.53 billion$1.52 billionViewN/AView Earnings Details
5/21/2013Q4 2013$0.68$0.69$1.76 billion$1.72 billionViewN/AView Earnings Details
2/13/2013Q3 2013$0.56$0.67$1.62 billion$1.63 billionViewN/AView Earnings Details
11/14/2012Q213$0.48$0.51$1.54 billion$1.54 billionViewN/AView Earnings Details
8/15/2012$0.38$0.42ViewN/AView Earnings Details
5/23/2012$0.63$0.66ViewN/AView Earnings Details
2/15/2012$0.58$0.58ViewN/AView Earnings Details
11/16/2011$0.59$0.63ViewN/AView Earnings Details
8/17/2011$0.55$0.55ViewN/AView Earnings Details
5/25/2011$0.53$0.59ViewN/AView Earnings Details
2/16/2011$0.50$0.52ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for NetApp (NASDAQ:NTAP)
Current Year EPS Consensus Estimate: $2.69 EPS
Next Year EPS Consensus Estimate: $3.07 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.43$0.50$0.47
Q2 20165$0.39$0.51$0.45
Q3 20162$0.12$0.35$0.24
Q4 20163$0.42$0.49$0.45
Q1 20173$0.16$0.19$0.17
Q2 20175$0.33$0.39$0.36
Q3 20173$0.37$0.43$0.40
Q4 20173$0.46$0.64$0.56
Q1 20182$0.27$0.46$0.37
Q2 20182$0.36$0.49$0.43
Q3 20182$0.47$0.52$0.50
Q4 20182$0.43$0.55$0.49
Q1 20191$0.48$0.48$0.48
Q2 20191$0.58$0.58$0.58
(Data provided by Zacks Investment Research)


Current Dividend Information for NetApp (NASDAQ:NTAP)
Annual Dividend:$0.76
Dividend Yield:1.89%
Payout Ratio:69.09% (Based on Trailing 12 Months of Earnings)
28.25% (Based on Current Year Consensus EPS Estimate)
24.76% (Based on Next Year Consensus EPS Estimate)

Dividend History for NetApp (NASDAQ:NTAP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for NetApp (NASDAQ:NTAP)
Insider Ownership Percentage: 0.49%
Institutional Ownership Percentage: 92.52%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/30/2017George KurianCEOSell4,000$38.50$154,000.00View SEC Filing  
1/3/2017Joel D ReichVPSell393$36.04$14,163.72View SEC Filing  
12/30/2016George KurianCEOSell4,000$35.84$143,360.00View SEC Filing  
12/8/2016Gerald HeldDirectorSell20,000$36.45$729,000.00View SEC Filing  
9/30/2016George KurianCEOSell4,000$35.16$140,640.00View SEC Filing  
9/27/2016Robert T WallDirectorSell22,944$35.45$813,364.80View SEC Filing  
8/26/2016George KurianCEOSell48,176$34.87$1,679,897.12View SEC Filing  
8/25/2016George T ShaheenDirectorSell30,000$35.01$1,050,300.00View SEC Filing  
8/24/2016Jeffry R AllenDirectorSell14,020$35.24$494,064.80View SEC Filing  
8/23/2016Jeffry R AllenDirectorSell10,980$35.24$386,935.20View SEC Filing  
8/22/2016Jeffry R AllenDirectorSell15,000$34.82$522,300.00View SEC Filing  
8/19/2016Joel D. ReichVPSell489$33.96$16,606.44View SEC Filing  
6/30/2016Joel D ReichVPSell2,241$24.35$54,568.35View SEC Filing  
6/23/2016Joel D ReichVPSell5,000$25.96$129,800.00View SEC Filing  
6/6/2016Joel D ReichVPSell2,500$24.97$62,425.00View SEC Filing  
6/6/2016Matthew K FawcettSVPSell17,808$24.98$444,843.84View SEC Filing  
12/23/2015Joel D. ReichVPSell1,821$26.64$48,511.44View SEC Filing  
9/25/2015Matthew K. FawcettSVPSell6,633$29.49$195,607.17View SEC Filing  
8/21/2015Matthew K. FawcettSVPSell10,910$30.69$334,827.90View SEC Filing  
6/26/2015Matthew K FawcettSVPSell4,699$32.75$153,892.25View SEC Filing  
6/5/2015Nicholas R NovielloCFOSell4,320$33.87$146,318.40View SEC Filing  
6/5/2015Thomas GeorgensCEOSell34,705$33.81$1,173,376.05View SEC Filing  
6/4/2015Jeffry R AllenDirectorSell25,000$33.31$832,750.00View SEC Filing  
6/3/2015Nicholas R NovielloCFOSell5,151$33.61$173,125.11View SEC Filing  
2/17/2015Nicholas R NovielloCFOSell1,890$38.06$71,933.40View SEC Filing  
12/18/2014George KurianVPSell7,169$42.39$303,893.91View SEC Filing  
11/25/2014Matthew K FawcettSVPSell11,733$43.10$505,692.30View SEC Filing  
11/24/2014Jeffry R AllenDirectorSell3,333$42.60$141,985.80View SEC Filing  
11/18/2014Thomas Michael NevensDirectorSell72,000$42.04$3,026,880.00View SEC Filing  
9/26/2014Daniel J WarmenhovenDirectorSell28,125$42.09$1,183,781.25View SEC Filing  
9/24/2014Robert T WallDirectorSell67,856$43.23$2,933,414.88View SEC Filing  
9/9/2014Nicholas R NovielloCFOSell45,000$42.21$1,899,450.00View SEC Filing  
9/2/2014Daniel J WarmenhovenDirectorSell120,000$42.04$5,044,800.00View SEC Filing  
8/27/2014Daniel J WarmenhovenDirectorSell7,600$41.56$315,856.00View SEC Filing  
8/20/2014Robert E SalmonInsiderSell30,000$40.87$1,226,100.00View SEC Filing  
8/19/2014Alan L EarhartDirectorSell26,500$40.94$1,084,910.00View SEC Filing  
8/19/2014George KurianVPSell10,000$41.00$410,000.00View SEC Filing  
8/19/2014Thomas GeorgensCEOSell150,000$41.07$6,160,500.00View SEC Filing  
8/18/2014Daniel J WarmenhovenDirectorSell1,600$41.54$66,464.00View SEC Filing  
8/18/2014Robert E SalmonInsiderSell28,188$41.06$1,157,399.28View SEC Filing  
8/18/2014Thomas GeorgensCEOSell78,191$41.11$3,214,432.01View SEC Filing  
8/15/2014Daniel J WarmenhovenDirectorSell277,018$41.29$11,438,073.22View SEC Filing  
8/1/2014Daniel J WarmenhovenDirectorSell20,000$38.44$768,800.00View SEC Filing  
7/3/2014Daniel J WarmenhovenDirectorSell20,000$37.76$755,200.00View SEC Filing  
6/26/2014Robert T WallDirectorSell80,000$35.80$2,864,000.00View SEC Filing  
6/25/2014George T ShaheenDirectorSell20,000$35.84$716,800.00View SEC Filing  
6/5/2014Thomas GeorgensCEOSell23,300$36.21$843,693.00View SEC Filing  
6/4/2014Nicholas R NovielloCFOSell11,519$36.81$424,014.39View SEC Filing  
6/2/2014Daniel J WarmenhovenChairmanSell18,423$36.26$668,017.98View SEC Filing  
5/1/2014Daniel WarmenhovenChairmanSell41,763$35.56$1,485,092.28View SEC Filing  
3/4/2014Daniel WarmenhovenChairmanSell45,540$40.11$1,826,609.40View SEC Filing  
1/27/2014Daniel WarmenhovenChairmanSell10,000$43.99$439,900.00View SEC Filing  
1/21/2014Daniel WarmenhovenChairmanSell10,000$44.94$449,400.00View SEC Filing  
1/15/2014Daniel WarmenhovenChairmanSell10,000$42.57$425,700.00View SEC Filing  
1/8/2014Daniel WarmenhovenChairmanSell10,000$41.01$410,100.00View SEC Filing  
12/31/2013Daniel WarmenhovenChairmanSell30,000$41.04$1,231,200.00View SEC Filing  
12/9/2013Daniel WarmenhovenChairmanSell10,000$41.43$414,300.00View SEC Filing  
10/21/2013Daniel J WarmenhovenChairmanSell10,000$41.54$415,400.00View SEC Filing  
10/14/2013Daniel WarmenhovenChairmanSell10,000$41.69$416,900.00View SEC Filing  
10/7/2013Daniel WarmenhovenChairmanSell10,000$42.01$420,100.00View SEC Filing  
9/23/2013Daniel WarmenhovenChairmanSell10,000$43.28$432,800.00View SEC Filing  
9/18/2013Robert SalmonVPSell31,250$44.01$1,375,312.50View SEC Filing  
9/3/2013Daniel WarmenhovenChairmanSell41,758$41.83$1,746,737.14View SEC Filing  
8/27/2013George ShaheenDirectorSell55,000$41.40$2,277,000.00View SEC Filing  
8/22/2013Jeffry AllenDirectorSell85,000$41.78$3,551,300.00View SEC Filing  
8/21/2013Thomas GeorgensCEOSell125,000$41.42$5,177,500.00View SEC Filing  
8/1/2013Daniel J WarmenhovenChairmanSell41,758$41.21$1,720,847.18View SEC Filing  
7/11/2013Daniel J WarmenhovenChairmanSell93,250$39.25$3,660,062.50View SEC Filing  
7/1/2013Daniel J WarmenhovenChairmanSell18,425$37.74$695,359.50View SEC Filing  
6/28/2013Robert T WallDirectorSell15,000$37.89$568,350.00View SEC Filing  
6/18/2013Daniel J WarmenhovenChairmanSell23,415$39.50$924,892.50View SEC Filing  
6/7/2013Thomas GeorgensCEOSell121,122$37.94$4,595,368.68View SEC Filing  
6/4/2013Nicholas R NovielloCFOSell4,496$37.57$168,914.72View SEC Filing  
6/3/2013Daniel J WarmenhovenChairmanSell18,425$37.58$692,411.50View SEC Filing  
6/3/2013Robert E SalmonVPSell16,954$37.18$630,349.72View SEC Filing  
5/29/2013Robert E SalmonVPSell27,318$37.86$1,034,259.48View SEC Filing  
5/23/2013Robert E SalmonVPSell9,460$36.86$348,695.60View SEC Filing  
3/22/2013Daniel J WarmenhovenChairmanSell18,425$33.78$622,396.50View SEC Filing  
2/22/2013Thomas GeorgensCEOSell119,416$34.25$4,089,998.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for NetApp (NASDAQ:NTAP)
News IconNetApp, Inc. (NTAP) Stock Rating Reaffirmed by Barclays PLC (NASDAQ:NTAP) - February 18 at 6:07 PM
News IconNetApp Inc. (NTAP) Is Raising Estimates, Says Pacific Crest - Smаrt Stоck Nеws (NASDAQ:NTAP) - February 18 at 11:53 AM
News IconTechnicals in Focus for NetApp, Inc. (NTAP) - The USA Commerce (NASDAQ:NTAP) - February 18 at 11:53 AM logoNetApp, Inc. $NTAP Stake Increased by Marshall Wace LLP (NASDAQ:NTAP) - February 17 at 4:34 PM
News IconThe Two Sigma Advisers LP Buys 79600 Shares of NetApp, Inc. (NTAP) (NASDAQ:NTAP) - February 17 at 4:34 PM
News IconNetApp, Inc. (NTAP) Shares Gap Up on Strong Earnings (NASDAQ:NTAP) - February 17 at 4:34 PM
News IconNetApp, Inc. (NTAP) Price Target Raised to $43.00 at Robert W. Baird (NASDAQ:NTAP) - February 17 at 4:34 PM
News IconNetApp, Inc. (NTAP) Price Target Raised to $32.00 at Morgan Stanley (NASDAQ:NTAP) - February 17 at 4:34 PM logoCompany News for February 17, 2017 (NASDAQ:NTAP) - February 17 at 4:34 PM logoNetApp: Why I Remain on the Sidelines (NASDAQ:NTAP) - February 17 at 4:34 PM logoNetApp: Is The Signal Still Bullish? - Seeking Alpha (NASDAQ:NTAP) - February 17 at 8:23 AM logoNetApp : NTAP) Gains on Q3 Earnings (NASDAQ:NTAP) - February 16 at 11:30 PM logoNetApp Reports Third Quarter Fiscal Year 2017 Results (NASDAQ:NTAP) - February 16 at 6:28 PM logoNetApp Receives Upgrade, Price-Target Hikes Following Earnings (NASDAQ:NTAP) - February 16 at 6:28 PM logoNetApp (NTAP) Q3 2017 Results - Earnings Call Transcript (NASDAQ:NTAP) - February 16 at 6:28 PM logoNetApp Inc. (NTAP) Has Jumped To A New High After Q3 Profit Beat (NASDAQ:NTAP) - February 16 at 6:28 PM
News IconNetApp, Inc. (NTAP) Upgraded to Overweight by Piper Jaffray Companies (NASDAQ:NTAP) - February 16 at 6:28 PM logoTech Today: Apple's $1,000 iPhone, NetApp on Track, Cisco Rising, Applied Sags (NASDAQ:NTAP) - February 16 at 6:28 PM logoPhilly Fed index rockets to 33-year high in another postelection blast (NASDAQ:NTAP) - February 16 at 6:28 PM logoNetApp Receives Upgrade, Price-Target Hikes Following Earnings (NASDAQ:NTAP) - February 16 at 6:28 PM logoData storage company NetApp shares rise after earnings beat (NASDAQ:NTAP) - February 16 at 10:54 AM logoMarketWatch First Take: NetApp finally catches up, but may already be behind (NASDAQ:NTAP) - February 16 at 12:26 AM logoNetApp stock jumps 9% after hours on strong earnings and outlook (NASDAQ:NTAP) - February 16 at 12:26 AM logoNetApp : Special Notice - Netapp and Cisco Servers (NASDAQ:NTAP) - February 14 at 10:00 PM logoAnalyst Activity – RBC Capital Markets Reiterates Sector Perform on NetApp (NASDAQ:NTAP) (NASDAQ:NTAP) - February 14 at 10:00 PM logoApple, NetApp, Popeyes Upgraded (NASDAQ:NTAP) - February 14 at 10:00 PM logoHas NetApp Turned The Public Cloud Market From A Headwind To A Tailwind? (NASDAQ:NTAP) - February 14 at 10:00 PM logoNetApp's Business Still Sluggish (NASDAQ:NTAP) - February 14 at 11:13 AM
News IconStocks under Consideration: CONSOL Energy Inc. (NYSE:CNX ... - The Newburgh Press (NASDAQ:NTAP) - February 13 at 8:05 PM
News Icon2 Stocks in Focus Twitter Inc (NYSE:TWTR), NetApp Inc. (NASDAQ:NTAP) - Financial Breaking News (NASDAQ:NTAP) - February 13 at 8:05 PM
News IconEarnings Clues on Western Digital Corporation (WDC), NetApp, Inc. (NTAP) Analyst's Predictions - StockNewsJournal (NASDAQ:NTAP) - February 13 at 8:05 PM logoGoldman Previews Arista, NetApp, Zebra Tech Earnings; Prefers NetApp (NASDAQ:NTAP) - February 13 at 1:25 PM logoNetApp (NTAP) to Post Q3 Earnings: What's in the Cards? (NASDAQ:NTAP) - February 13 at 9:46 AM logoNetApp Is Ready to Overcome Old Chart Resistance; Go Long (NASDAQ:NTAP) - February 13 at 9:46 AM logo$AROC $NTAP $TLRD $LNCE all nice breaks straight from the nightly email. For details on how to get this, email me (NASDAQ:NTAP) - February 10 at 6:01 AM logoAnalyst Activity – Credit Suisse Group Reiterates Sell on NetApp (NASDAQ:NTAP) (NASDAQ:NTAP) - February 10 at 6:01 AM
News IconBuy or Sell? Average Brokerage Ratings on NetApp, Inc. (NTAP), NextEra Energy, Inc. (NEE) - StockNewsJournal (NASDAQ:NTAP) - February 10 at 12:59 AM logoHow Do Analysts View NetApp? (NASDAQ:NTAP) - February 9 at 7:57 PM logoNew engineering firm adds to local operations (NASDAQ:NTAP) - February 9 at 12:51 AM logoWhat Do Analysts Expect from NetApp in Fiscal 3Q17? (NASDAQ:NTAP) - February 9 at 12:51 AM
News IconNetApp, Inc. (NASDAQ:NTAP) Price Target Set At $35.555 - Transcript Daily (NASDAQ:NTAP) - February 8 at 7:49 PM logoWhat Could Impact NetApp’s Stock Performance in 2017? (NASDAQ:NTAP) - February 8 at 7:49 PM logoNetApp, Inc. $NTAP Shares Sold by Ontario Teachers Pension Plan Board (NASDAQ:NTAP) - February 7 at 9:22 AM
News IconNetApp, Inc. (NASDAQ:NTAP) from Data Storage Devices – Todays Top Gains (NASDAQ:NTAP) - February 3 at 7:41 PM logoSuntrust Banks Inc. Takes Position in NetApp, Inc. $NTAP (NASDAQ:NTAP) - February 3 at 5:51 AM logoNetApp : Services extended warranties on NetApp equipment (NASDAQ:NTAP) - February 2 at 7:48 PM logoNetApp Is a Great Tech Stock to Buy Now (NASDAQ:NTAP) - February 2 at 7:48 PM logoOne-Year Anniversary: NetApp SolidFire Redefines Data Center Infrastructure (NASDAQ:NTAP) - February 2 at 7:48 PM logoNetApp Hosts Third Quarter Fiscal Year 2017 Financial Results Webcast (NASDAQ:NTAP) - February 2 at 7:48 PM
News IconEarnings Forecast Research on NetApp, Inc. (NTAP) - Morning Outlook (NASDAQ:NTAP) - February 1 at 8:01 PM


What is NetApp's stock symbol?

NetApp trades on the NASDAQ under the ticker symbol "NTAP."

How often does NetApp pay dividends? What is the dividend yield for NetApp?

NetApp declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Friday, April 7th will be given a dividend of $0.19 per share on Wednesday, April 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Wednesday, April 5th.

Where is NetApp's stock going? Where will NetApp's stock price be in 2017?

36 brokerages have issued 12-month price objectives for NetApp's shares. Their predictions range from $22.00 to $52.00. On average, they expect NetApp's stock price to reach $38.04 in the next twelve months.

When will NetApp announce their earnings?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, February, 15th 2017.

What are analysts saying about NetApp stock?

Here are some recent quotes from research analysts about NetApp stock:

  • BMO Capital Markets analysts commented, "The turn-around at NTAP continued in the January quarter, with revenues and operating expenses better, offset by lower product gross margins. We are impressed with the execution the last few quarters, but stay on the sidelines." (2/16/2017)
  • William Blair analysts commented, "Following a solid beat-and-raise quarter, and in view of product growth looking sustainable, we are upgrading the shares of NetApp from Underperform to Market Perform. Our rationale is based on: 1) improved product positioning in recent quarters, especially in the all-flash space, which is driving a refresh cycle in NetApp's installed base; 2) our belief that Dell-EMC merger-related disruptions are likely to continue for the next few quarters, which should drive share gains for NetApp; and 3) expanding operating margin, which is being driven by cost reductions. We concede that we have not been believers in NetApp's turnaround; but recent results speak for themselves, and we cannot deny that NetApp has gotten back on track. Our increased confidence leads us to significantly raise our estimates for the remainder of fiscal 2017 and fiscal 2018. Still, we continue to see risks ahead given intense competition in the storage market (as reflected in continued product gross margin pressure at NetApp) and headwinds from the public cloud, which keep us from moving to an Outperform rating. A key variable going forward will be NetApp's initial entry to the hyperconverged market, which management revealed on the earnings call will be coming in the next few quarters (with more details to come in early fiscal 2018). If the product is a hit, it could provide the company with an additional strategic leg to stand on." (2/16/2017)
  • Needham & Company LLC analysts commented, "NetApp's return to stability continued last night with revenue at the midpt of guidance and OM/EPS above expectations as the benefits of the restructuring continue to flow through the model. CDOT represented 90% of all shipments and now comprises 40% of the system installed base (>50% of capacity), and all flash continued to grow. Thanks to all these areas, the business is more stable than when CEO George Kurian took the helm. Getting to the next level of actual growth is another matter, however, and we are skeptical that the SolidFire product line can be effectively repurposed into the HCI market (as defined today). With SSD costs and lingering discounting weighing on margins, and topline growth optimistically expected to remain 'moderated' we would look for a pullback to become more interested in the stock." (2/16/2017)
  • Robert W. Baird analysts commented, "We believe the company is better positioned today than it has been in years, but struggle to see relief from the aggressively competitive storage market near-term." (2/16/2017)

  • According to Zacks Investment Research, "NetApp is a leading provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. The company is expected to gain momentum in the flash-based solutions space, with the newly introduced all-flash array. We believe that the company's recent product launches and acquisition (SolidFire) will drive the top line growth, while cost reduction initiatives will facilitate margin expansion over the long run. Notably, NetApp has outperformed the broader market in the past one-year. Moreover, estimates have been stable lately ahead of the company's Q3 earnings release. The company has a mixed record of earnings surprise in recent quarters. However, tepid IT spending for 2017 raises concerns about the company’s near-term performance. Intensifying competition from Dell and HP Inc. add to its woes." (2/14/2017)

Who owns NetApp stock?

NetApp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (4.70%), Thompson Siegel & Walmsley LLC (0.95%), Dimensional Fund Advisors LP (0.73%), AQR Capital Management LLC (0.68%), Allianz Asset Management AG (0.62%) and Guggenheim Capital LLC (0.42%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Jeffry R Allen, Joel D Reich, Matthew K Fawcett, Nicholas R Noviello, Robert T Wall and Thomas Georgens.

Who sold NetApp stock? Who is selling NetApp stock?

NetApp's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, RidgeWorth Capital Management LLC, O Shaughnessy Asset Management LLC, FMR LLC, Capital Guardian Trust Co., Pacad Investment Ltd., Dimensional Fund Advisors LP and Rafferty Asset Management LLC. Company insiders that have sold NetApp stock in the last year include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Jeffry R Allen, Joel D Reich, Matthew K Fawcett and Robert T Wall.

Who bought NetApp stock? Who is buying NetApp stock?

NetApp's stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Ardevora Asset Management LLP, ANTIPODES PARTNERS Ltd, Systematic Financial Management LP, Asset Management One Co. Ltd., Janus Capital Management LLC, Thompson Siegel & Walmsley LLC and Oakview Capital Management L.P..

How do I buy NetApp stock?

Shares of NetApp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of NetApp stock cost?

One share of NetApp stock can currently be purchased for approximately $40.17.

NetApp (NASDAQ:NTAP) Chart for Sunday, February, 19, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

Earnings History Chart

Earnings by Quarter for NetApp (NASDAQ:NTAP)

Dividend History Chart

Dividend Payments by Quarter for NetApp (NASDAQ:NTAP)

Last Updated on 2/19/2017 by Staff