NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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

NetApp declared a quarterly dividend on Wednesday, February 13th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.40 per share on Wednesday, April 24th. This represents a $1.60 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, April 4th. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, February, 13th. The data storage provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The data storage provider had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.60 billion. NetApp had a return on equity of 60.32% and a net margin of 16.85%. NetApp's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, May 22nd 2019. View Earnings Estimates for NetApp.

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 13th. The company provided EPS guidance of $1.22-1.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.25. The company issued revenue guidance of $1.59-1.69 billion, compared to the consensus revenue estimate of $1.70 billion.NetApp also updated its Q4 2019 guidance to $1.22-1.28 EPS.

28 equities research analysts have issued twelve-month price targets for NetApp's shares. Their forecasts range from $43.00 to $100.00. On average, they expect NetApp's stock price to reach $77.6646 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price. View Analyst Price Targets for NetApp.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 4 sell ratings, 8 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Media coverage about NTAP stock has trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NetApp earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave news headlines about the data storage provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.

NetApp saw a increase in short interest in February. As of February 28th, there was short interest totalling 15,257,108 shares, an increase of 11.1% from the February 15th total of 13,732,171 shares. Based on an average daily volume of 2,753,377 shares, the days-to-cover ratio is presently 5.5 days. Approximately 6.2% of the company's stock are short sold. View NetApp's Current Options Chain.

Some companies that are related to NetApp include Western Digital (WDC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Alibaba Group (BABA), Twitter (TWTR), Micron Technology (MU), Cisco Systems (CSCO), Netflix (NFLX), Intel (INTC), Adobe (ADBE), salesforce.com (CRM) and General Electric (GE).

NetApp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.55%), Boston Partners (2.66%), Oregon Public Employees Retirement Fund (2.40%), Geode Capital Management LLC (1.65%), Bank of New York Mellon Corp (1.42%) and Norges Bank (1.41%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace and Thomas Michael Nevens. View Institutional Ownership Trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Investec Asset Management LTD, Lord Abbett & CO. LLC, Millennium Management LLC, Two Sigma Advisers LP, Bank of America Corp DE, Los Angeles Capital Management & Equity Research Inc. and Dana Investment Advisors Inc.. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Bank of New York Mellon Corp, First Trust Advisors LP, State of Tennessee Treasury Department, Korea Investment CORP, Duality Advisers LP and Nordea Investment Management AB. 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, Scottrade, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $66.87.

NetApp has a market capitalization of $16.52 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

The official website for NetApp is http://www.netapp.com.

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The data storage provider can be reached via phone at 408-822-6000 or via email at [email protected]