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The closing price of Netapp Inc (NASDAQ: NTAP) was $134.62 for the day, up 1.92% from the previous closing price of $132.09. In other words, the price has increased by $1.92 from its previous closing price. On the day, 1.9 million shares were traded. NTAP stock price reached its highest trading level at $135.01 during the session, while it also had its lowest trading level at $132.92.
Ratios:
Our analysis of NTAP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 2.31 whereas as Long-Term Debt/Eq ratio is at 1.93.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on May 31, 2024, Upgraded its rating to Neutral and sets its target price to $125 from $95 previously.
On May 31, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $120 to $135.
Argus Upgraded its Hold to Buy on March 04, 2024, while the target price for the stock was maintained at $130.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 28 ’24 when CERNUDA CESAR sold 22,000 shares for $129.46 per share. The transaction valued at 2,848,113 led to the insider holds 64,789 shares of the business.
BERRY MICHAEL J sold 7,500 shares of NTAP for $955,831 on Jun 26 ’24. The EVP, CFO now owns 185,869 shares after completing the transaction at $127.44 per share. On Jun 25 ’24, another insider, BERRY MICHAEL J, who serves as the EVP, CFO of the company, sold 7,500 shares for $127.24 each. As a result, the insider received 954,327 and left with 193,369 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NTAP now has a Market Capitalization of 27705063424 and an Enterprise Value of 27099033600. As of this moment, Netapp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.95, and their Forward P/E ratio for the next fiscal year is 18.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.42 while its Price-to-Book (P/B) ratio in mrq is 24.20. Its current Enterprise Value per Revenue stands at 4.323 whereas that against EBITDA is 18.199.
Stock Price History:
The Beta on a monthly basis for NTAP is 1.26, which has changed by 0.70989454 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, NTAP has reached a high of $132.93, while it has fallen to a 52-week low of $70.82. The 50-Day Moving Average of the stock is 13.95%, while the 200-Day Moving Average is calculated to be 40.89%.
Shares Statistics:
NTAP traded an average of 2.05M shares per day over the past three months and 1912710 shares per day over the past ten days. A total of 206.00M shares are outstanding, with a floating share count of 204.95M. Insiders hold about 0.42% of the company’s shares, while institutions hold 94.34% stake in the company. Shares short for NTAP as of 1718323200 were 5171816 with a Short Ratio of 2.52, compared to 1715731200 on 4972484. Therefore, it implies a Short% of Shares Outstanding of 5171816 and a Short% of Float of 2.92.
Dividends & Splits
With its trailing 12-month dividend rate of 2.0, NTAP has a forward annual dividend rate of 2.02. Against a Trailing Annual Dividend Yield of 0.015141192The stock’s 5-year Average Dividend Yield is 2.91. The current Payout Ratio is 43.20% for NTAP, which recently paid a dividend on 2024-07-05 with an ex-dividend date of 1720137600. Stock splits for the company last occurred on 2000-03-23 when the company split stock in a 2:1 ratio.
