NetApp (NTAP)

• Market cap: $26.3B
• 1 day: 0.15%
• 5 days: 5.13%
• 1 month: 11.04%
• 3 months: 10.64%
• 6 months: 5.72%
• Year to date: 49.92%
• 1 year: 42.69%
• 5 years: 115.13%
• 10 years: 197.74%
• Sector: Information Technology
• Industry: Computer Storage Devices

About: NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

Employees: 11,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

40% more call options, than puts

Call options by funds: $358M | Put options by funds: $257M

9% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 94

5% more repeat investments, than reductions

Existing positions increased: 320 | Existing positions reduced: 304

1% more funds holding

Funds holding: 811 [Q2] → 819 (+8) [Q3]

3.44% less ownership

Funds ownership: 93.83% [Q2] → 90.39% (-3.44%) [Q3]

8% less capital invested

Capital invested by funds: $24.9B [Q2] → $22.9B (-$2B) [Q3]

77% less funds holding in top 10

Funds holding in top 10: 13 [Q2] → 3 (-10) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120 7% downside
• Avg. target: $136 5% upside
• High target: $160 24% upside

8 analyst ratings

• positive: 2 25%
• neutral: 5 63%
• negative: 1 13%

Citigroup Asiya Merchant 25% 1-year accuracy 1 / 4 met price target	4% upside $135	Neutral Maintained	22 Nov 2024
TD Cowen Karl Ackerman 43% 1-year accuracy 3 / 7 met price target	24% upside $160	Buy Maintained	22 Nov 2024
Stifel Matthew Sheerin 71% 1-year accuracy 12 / 17 met price target	12% upside $145	Buy Maintained	22 Nov 2024
Wells Fargo Aaron Rakers 74% 1-year accuracy 20 / 27 met price target	8% upside $140	Equal-Weight Maintained	22 Nov 2024
Barclays Tim Long 58% 1-year accuracy 22 / 38 met price target	2% upside $132	Equal-Weight Maintained	22 Nov 2024