NetApp (NTAP)

• Market cap: $17.1B
• 1 day: 1.21%
• 5 days: 0.19%
• 1 month: -13.09%
• 3 months: -34.41%
• 6 months: -30.96%
• Year to date: -28.68%
• 1 year: -15.57%
• 5 years: 108.34%
• 10 years: 128.75%
• Sector: Technology
• Industry: Computer Hardware

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

76% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 71

31% more call options, than puts

Call options by funds: $292M | Put options by funds: $224M

18% more repeat investments, than reductions

Existing positions increased: 341 | Existing positions reduced: 288

4% more funds holding

Funds holding: 823 [Q3] → 860 (+37) [Q4]

3.65% more ownership

Funds ownership: 90.16% [Q3] → 93.81% (+3.65%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

3% less capital invested

Capital invested by funds: $22.8B [Q3] → $22.1B (-$651M) [Q4]

Research analyst outlook

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

• Low target: $90 9% upside
• Avg. target: $117 42% upside
• High target: $130 57% upside

7 analyst ratings

• positive: 2 29%
• neutral: 5 71%
• negative: 0 0%

JP Morgan Samik Chatterjee 28% 1-year accuracy 21 / 74 met price target	37% upside $113	Overweight Maintained	17 Apr 2025
Citigroup Asiya Merchant 8% 1-year accuracy 3 / 39 met price target	9% upside $90	Neutral Maintained	14 Apr 2025
Loop Capital Ananda Baruah 14% 1-year accuracy 5 / 37 met price target	57% upside $130	Buy Maintained	4 Mar 2025
Barclays Tim Long 57% 1-year accuracy 32 / 56 met price target	39% upside $115	Equal-Weight Maintained	28 Feb 2025
Wells Fargo Aaron Rakers 21% 1-year accuracy 7 / 34 met price target	39% upside $115	Equal-Weight Maintained	28 Feb 2025