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Netapp Inc (NASDAQ: NTAP) closed the day trading at $131.59 up 0.93% from the previous closing price of $130.38. In other words, the price has increased by $0.93 from its previous closing price. On the day, 1.72 million shares were traded. NTAP stock price reached its highest trading level at $131.635 during the session, while it also had its lowest trading level at $128.8.
Ratios:
For a better understanding of NTAP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.70. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 10 ’24 when O’Callahan Elizabeth M sold 452 shares for $133.07 per share. The transaction valued at 60,148 led to the insider holds 11,886 shares of the business.
CERNUDA CESAR sold 22,000 shares of NTAP for $2,848,113 on Jun 28 ’24. The President now owns 64,789 shares after completing the transaction at $129.46 per share. On Jun 26 ’24, another insider, BERRY MICHAEL J, who serves as the EVP, CFO of the company, sold 7,500 shares for $127.44 each. As a result, the insider received 955,831 and left with 185,869 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 27081484288 and an Enterprise Value of 26475454464. As of this moment, Netapp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.30, and their Forward P/E ratio for the next fiscal year is 17.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.33 while its Price-to-Book (P/B) ratio in mrq is 23.65. Its current Enterprise Value per Revenue stands at 4.224 whereas that against EBITDA is 17.781.
Stock Price History:
The Beta on a monthly basis for NTAP is 1.25, which has changed by 0.6591855 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, NTAP has reached a high of $135.01, while it has fallen to a 52-week low of $70.82. The 50-Day Moving Average of the stock is 9.18%, while the 200-Day Moving Average is calculated to be 36.12%.
Shares Statistics:
Over the past 3-months, NTAP traded about 2.08M shares per day on average, while over the past 10 days, NTAP traded about 1704220 shares per day. A total of 206.00M shares are outstanding, with a floating share count of 204.94M. Insiders hold about 0.42% of the company’s shares, while institutions hold 94.30% stake in the company. Shares short for NTAP as of 1719532800 were 5116947 with a Short Ratio of 2.46, compared to 1717113600 on 5234658. Therefore, it implies a Short% of Shares Outstanding of 5116947 and a Short% of Float of 2.8900001.
Dividends & Splits
NTAP’s forward annual dividend rate is 2.02, up from 2.0 a year ago. Against a Trailing Annual Dividend Yield of 0.015339775The 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.
