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. Investors of record on Friday, April 7th will be paid 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 1.86%. The ex-dividend date of this dividend is Wednesday, April 5th.
Where is NetApp's stock going? Where will NetApp's stock price be in 2017?
36 equities research analysts have issued twelve-month target prices for NetApp's stock. Their forecasts range from $22.00 to $52.00. On average, they anticipate NetApp's share 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, May, 24th 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 a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.70%), Thompson Siegel & Walmsley LLC (0.95%), Numeric Investors LLC (0.82%), Dimensional Fund Advisors LP (0.73%), AQR Capital Management LLC (0.68%) and Allianz Asset Management AG (0.62%). 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 acquired by a variety of institutional investors in the last quarter, including Numeric Investors LLC, AQR Capital Management LLC, Ardevora Asset Management LLP, ANTIPODES PARTNERS Ltd, Systematic Financial Management LP, Asset Management One Co. Ltd., Janus Capital Management LLC and Thompson Siegel & Walmsley LLC.
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 $40.95.