124.04 USD
+0.32
0.26%
At close Feb 6, 4:00 PM EST
Pre-market
125.20
+1.16
0.94%
1 day
0.26%
5 days
0.79%
1 month
5.12%
3 months
2.40%
6 months
5.94%
Year to date
7.00%
1 year
41.60%
5 years
113.31%
10 years
219.11%
 

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

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 9 analysts

Fund manager confidence

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

38% more call options, than puts

Call options by funds: $372M | Put options by funds: $270M

32% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 77

1% more funds holding

Funds holding: 812 [Q2] → 822 (+10) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 321 | Existing positions reduced: 306

3.26% less ownership

Funds ownership: 94.45% [Q2] → 91.18% (-3.26%) [Q3]

8% less capital invested

Capital invested by funds: $25B [Q2] → $23.1B (-$1.96B) [Q3]

77% less funds holding in top 10

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

Research analyst outlook

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

Low target
$120
3%
downside
Avg. target
$140
13%
upside
High target
$160
29%
upside

9 analyst ratings

positive
33%
neutral
56%
negative
11%
Morgan Stanley
Meta Marshall
73% 1-year accuracy
19 / 26 met price target
18%upside
$146
Equal-Weight
Maintained
17 Dec 2024
JP Morgan
Samik Chatterjee
62% 1-year accuracy
39 / 63 met price target
29%upside
$160
Overweight
Upgraded
16 Dec 2024
Citigroup
Asiya Merchant
40% 1-year accuracy
12 / 30 met price target
9%upside
$135
Neutral
Maintained
22 Nov 2024
TD Cowen
Karl Ackerman
40% 1-year accuracy
4 / 10 met price target
29%upside
$160
Buy
Maintained
22 Nov 2024
Stifel
Matthew Sheerin
58% 1-year accuracy
15 / 26 met price target
17%upside
$145
Buy
Maintained
22 Nov 2024

Financial journalist opinion

Based on 15 articles about NTAP published over the past 30 days

Neutral
Zacks Investment Research
1 day ago
NetApp (NTAP) Laps the Stock Market: Here's Why
In the latest trading session, NetApp (NTAP) closed at $123.72, marking a +1.9% move from the previous day.
NetApp (NTAP) Laps the Stock Market: Here's Why
Neutral
Business Wire
1 day ago
NetApp Hosts Third Quarter of Fiscal Year 2025 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, February 27, 2025, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2025, which ended January 24, 2025. NetApp executive management will host a conference call Webcast at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior.
NetApp Hosts Third Quarter of Fiscal Year 2025 Financial Results Webcast
Positive
Zacks Investment Research
6 days ago
NetApp (NTAP) Crossed Above the 200-Day Moving Average: What That Means for Investors
NetApp (NTAP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NTAP crossed above the 200-day moving average, suggesting a long-term bullish trend.
NetApp (NTAP) Crossed Above the 200-Day Moving Average: What That Means for Investors
Neutral
Zacks Investment Research
1 week ago
NetApp (NTAP) Laps the Stock Market: Here's Why
NetApp (NTAP) closed the most recent trading day at $122.44, moving +1.8% from the previous trading session.
NetApp (NTAP) Laps the Stock Market: Here's Why
Neutral
Business Wire
1 week ago
NetApp Science-Based Sustainability Goals Validated by SBTi
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it has approved new near-term science-based emissions reduction targets verified by the Science-Based Targets initiative (SBTi). These targets demonstrate NetApp's unwavering commitment to making sustainability a crucial component of our business resilience strategy and leading the storage industry to help customers meet their energy efficiency goals. SBTi develops standa.
NetApp Science-Based Sustainability Goals Validated by SBTi
Neutral
Business Wire
1 week ago
Wissam Jabre Joins NetApp as Executive Vice President and Chief Financial Officer
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, announced the appointment of Wissam Jabre as Executive Vice President and Chief Financial Officer effective March 10, 2025. Jabre brings over 20 years of experience leading finance organizations and a strong track record of value creation and disciplined operational management. Jabre's appointment follows the previously announced planned retirement of Mike Berry, who served as NetApp's.
Wissam Jabre Joins NetApp as Executive Vice President and Chief Financial Officer
Positive
Forbes
1 week ago
Why NetApp's 46% Stock Jump Might Be Just The Beginning?
Note: NTAP FY'2024 ended in April
Why NetApp's 46% Stock Jump Might Be Just The Beginning?
Positive
Zacks Investment Research
2 weeks ago
NetApp (NTAP) is a Great Momentum Stock: Should You Buy?
Does NetApp (NTAP) have what it takes to be a top stock pick for momentum investors? Let's find out.
NetApp (NTAP) is a Great Momentum Stock: Should You Buy?
Positive
Zacks Investment Research
2 weeks ago
NetApp, Inc. (NTAP) Is a Trending Stock: Facts to Know Before Betting on It
NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NetApp, Inc. (NTAP) Is a Trending Stock: Facts to Know Before Betting on It
Positive
Zacks Investment Research
2 weeks ago
NetApp Stock Surges 38% in a Year: Is It Still Good Time to Buy?
NTAP's strength in all-flash storage and cloud markets, and focus on AI make it an attractive investment. Weak IT spending and stiff competition are concerns.
NetApp Stock Surges 38% in a Year: Is It Still Good Time to Buy?
Charts implemented using Lightweight Charts™