NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, April 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) issued its quarterly earnings data on Wednesday, February, 12th. The data storage provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by $0.02. The data storage provider had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.47 billion. NetApp's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, May 27th 2020. View Earnings Estimates for NetApp.

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of $1.28-1.36 for the period, compared to the Thomson Reuters consensus estimate of $1.39. The company issued revenue guidance of $1.455-1.605 billion, compared to the consensus revenue estimate of $1.57 billion.

24 Wall Street analysts have issued twelve-month price targets for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's stock price to reach $62.72 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for NetApp.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 13 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Press coverage about NTAP stock has been trending somewhat positive on Monday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. NetApp earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave media headlines about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for NetApp.

NetApp saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 13,350,000 shares, a decline of 16.8% from the December 31st total of 16,040,000 shares. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is presently 6.6 days. Currently, 5.9% of the shares of the stock are short sold. View NetApp's Current Options Chain.

Some companies that are related to NetApp include HGST Technologies Santa Ana (STEC), Immersion (IMMR), Intevac (IVAC), Synaptics (SYNA) and Western Digital (WDC).

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), Twitter (TWTR), Adobe (ADBE) and Advanced Micro Devices (AMD).

NetApp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (4.32%), Renaissance Technologies LLC (2.39%), Bank of New York Mellon Corp (2.37%), American International Group Inc. (2.23%), Amundi Pioneer Asset Management Inc. (1.39%) and First Trust Advisors LP (1.05%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View Institutional Ownership Trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including American International Group Inc., Renaissance Technologies LLC, Bank of Montreal Can, UBS Asset Management Americas Inc., FMR LLC, Artisan Partners Limited Partnership, State Street Corp and Snow Capital Management LP. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View Insider Buying and Selling for NetApp.

NTAP stock was bought by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Jacobs Levy Equity Management Inc., AJO LP, Goldman Sachs Group Inc., TD Asset Management Inc. and Maverick Capital Ltd.. View Insider Buying and Selling for NetApp.

Shares of NTAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $54.24.