During the recent session, Netapp Inc (NASDAQ:NTAP)’s traded shares were 1.25 million, with the beta value of the company hitting 1.41. At the last check today, the stock’s price was $100.60, reflecting an intraday gain of 1.40% or $1.39. The 52-week high for the NTAP share is $135.45, that puts it down -34.64 from that peak though still a striking 28.59% gain since the share price plummeted to a 52-week low of $71.84. The company’s market capitalization is $20.76B, and the average intraday trading volume over the past 10 days was 2.13 million shares, and the average trade volume was 2.31 million shares over the past three months.
Netapp Inc (NTAP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.41. NTAP has a Sell rating from 1 analyst(s) out of 16 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it.
Netapp Inc (NASDAQ:NTAP) trade information
Netapp Inc (NTAP) registered a 1.40% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.40% in intraday trading to $100.60, hitting a weekly high. The stock’s 5-day price performance is 0.82%, and it has moved by 12.09% in 30 days. Based on these gigs, the overall price performance for the year is -14.75%. The short interest in Netapp Inc (NASDAQ:NTAP) is 8.62 million shares and it means that shorts have 4.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $118, which implies an increase of 14.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $106 and $130 respectively. As a result, NTAP is trading at a discount of -29.22% off the target high and -5.37% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.04%. While earnings are projected to return 6.75% in 2025, the next five years will return 7.72% per annum.
NTAP Dividends
Netapp Inc is due to release its next quarterly earnings on 2025-May-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Netapp Inc is 2.08, with the dividend yield indicating at 2.07 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.64%.
Netapp Inc (NASDAQ:NTAP)’s Major holders
Netapp Inc insiders own 0.52% of total outstanding shares while institutional holders control 94.10%, with the float percentage being 94.59%. VANGUARD GROUP INC is the largest shareholder of the company, while 1264.0 institutions own stock in it. As of 2024-06-30, the company held over 25.77 million shares (or 12.5092% of all shares), a total value of $3.32 billion in shares.
The next largest institutional holding, with 21.21 million shares, is of BLACKROCK INC.’s that is approximately 10.2957% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.73 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Netapp Inc (NTAP) shares are VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Mar 31, 2025 indicates that VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund owns about 7.11 shares. This amounts to just over 3.49 percent of the company’s overall shares, with a $711.55 million market value. The same data shows that the other fund manager holds slightly less at 6.42, or about 3.16% of the stock, which is worth about $643.26 million.
