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

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

NetApp announced a quarterly dividend on Wednesday, February 13th. Stockholders 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 dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, April 4th. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, February, 13th. The data storage provider reported $1.20 EPS for the quarter, topping the Zacks' consensus estimate of $1.15 by $0.05. The data storage provider earned $1.56 billion during the quarter, compared to analysts' expectations of $1.60 billion. NetApp had a return on equity of 60.32% and a net margin of 16.85%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 earnings per share (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 1-year target prices for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they anticipate NetApp's share price to reach $77.6646 in the next twelve months. This suggests a possible upside of 17.6% 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.

News stories about NTAP stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NetApp earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave news articles about the data storage provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

NetApp saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 13,649,877 shares, a decline of 17.3% from the December 31st total of 16,501,885 shares. Based on an average daily trading volume, of 2,342,068 shares, the days-to-cover ratio is currently 5.8 days. Approximately 5.4% of the company's shares 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), Netflix (NFLX), Cisco Systems (CSCO), Micron Technology (MU), Intel (INTC), General Electric (GE), salesforce.com (CRM) and Adobe (ADBE).

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 (1.62%), Bank of New York Mellon Corp (1.42%) and Northern Trust Corp (1.30%). Company insiders that own NetApp stock include Alan L Earhart, 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, Bank of New York Mellon Corp, First Trust Advisors LP, State of Tennessee Treasury Department, Korea Investment CORP, Duality Advisers LP, Nordea Investment Management AB and Boston Partners. 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 $66.02.

NetApp has a market capitalization of $16.31 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]