How to buy NetApp stock

NetApp, Inc is a computer hardware business based in the US. NetApp shares (NTAP) are listed on the NASDAQ and all prices are listed in US Dollars. NetApp employs 10,800 staff and has a trailing 12-month revenue of around 0.00.

NetApp share price

Use our graph to track the performance of NTAP stocks over time.

NetApp shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$38.41 - $78.77
50-day moving average	$71.35
200-day moving average	$61.76
Wall St. target price	$77.33
PE ratio	28.7306
Dividend yield	$1.92 (2.54%)
Earnings per share (TTM)	$2.64

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Is it a good time to buy NetApp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of NetApp, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is NetApp under- or over-valued?

Valuing NetApp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of NetApp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

NetApp's P/E ratio

NetApp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, NetApp shares trade at around 29x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

NetApp's PEG ratio

NetApp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.7367. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into NetApp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

NetApp's EBITDA

NetApp's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.1 billion.

The EBITDA is a measure of a NetApp's overall financial performance and is widely used to measure a its profitability.

NetApp financials

Revenue TTM	$5.6 billion
Operating margin TTM	16.4%
Gross profit TTM	$3.6 billion
Return on assets TTM	7.09%
Return on equity TTM	155.79%
Profit margin	10.59%
Book value	$2.15
Market capitalisation	$17 billion

TTM: trailing 12 months

Shorting NetApp shares

There are currently 10.0 million NetApp shares held short by investors – that's known as NetApp's "short interest". This figure is 14% up from 8.8 million last month.

There are a few different ways that this level of interest in shorting NetApp shares can be evaluated.

NetApp's "short interest ratio" (SIR)

NetApp's "short interest ratio" (SIR) is the quantity of NetApp shares currently shorted divided by the average quantity of NetApp shares traded daily (recently around 2.0 million). NetApp's SIR currently stands at 4.97. In other words for every 100,000 NetApp shares traded daily on the market, roughly 4970 shares are currently held short.

However NetApp's short interest can also be evaluated against the total number of NetApp shares, or, against the total number of tradable NetApp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case NetApp's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 NetApp shares in existence, roughly 40 shares are currently held short) or 0.0762% of the tradable shares (for every 100,000 tradable NetApp shares, roughly 76 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against NetApp.

Find out more about how you can short NetApp stock.

NetApp's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like NetApp.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

NetApp's total ESG risk score

Total ESG risk: 24.49

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and NetApp's overall score of 24.49 (as at 12/31/2018) is pretty good – landing it in it in the 28th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like NetApp is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

NetApp's environmental score

Environmental score: 8.18/100

NetApp's environmental score of 8.18 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that NetApp is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

NetApp's social score

Social score: 17.4/100

NetApp's social score of 17.4 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that NetApp is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

NetApp's governance score

Governance score: 14.42/100

NetApp's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that NetApp is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Environmental, social, and governance (ESG) summary

NetApp, Inc was last rated for ESG on: 2019-01-01.

Total ESG score	24.49
Total ESG percentile	28.1
Environmental score	8.18
Environmental score percentile	9
Social score	17.4
Social score percentile	9
Governance score	14.42
Governance score percentile	9

NetApp share dividends

Dividend payout ratio: 47.17% of net profits

Recently NetApp has paid out, on average, around 47.17% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.54% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), NetApp shareholders could enjoy a 2.54% return on their shares, in the form of dividend payments. In NetApp's case, that would currently equate to about $1.92 per share.

While NetApp's payout ratio might seem fairly standard, it's worth remembering that NetApp may be investing much of the rest of its net profits in future growth.

NetApp's most recent dividend payout was on 27 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 April 2021 (the "ex-dividend date").

Have NetApp's shares ever split?

NetApp's shares were split on a 2:1 basis on 22 March 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your NetApp shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for NetApp shares which in turn could have impacted NetApp's share price.

NetApp share price volatility

Over the last 12 months, NetApp's shares have ranged in value from as little as $38.4109 up to $78.77. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while NetApp's is 1.2973. This would suggest that NetApp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

NetApp overview

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Global File Cache, NetApp SaaS Backup, NetApp Cloud Manager, NetApp Fabric Orchestrator, and NetApp Cloud Insights. It also provides hybrid cloud solutions, such as NetApp ONTAP Storage Operating System, NetApp AFF A-series, NetApp AFF C190, NetApp FAS Series, FlexPod, NetApp ONTAP Select, NetApp MAX Data, NetApp Data Availability Services, NetApp SnapCenter Backup Management Software, NetApp SnapMirror Data Replication Software, NetApp SnapLock Data Compliance Software, NetApp StorageGRID Object Storage Software, NetApp Element Operating System, NetApp SolidFire, NetApp HCI, NetApp SANtricity Storage Operating System, NetApp EF-Series, NetApp E-Series, NetApp Active IQ Predictive Analytics and Support, NetApp OnCommand Insight, and NetApp OnCommand Workflow Automation. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp has strategic partnership with Fujitsu for data management infrastructure.

Frequently asked questions

• What percentage of NetApp is owned by insiders or institutions?

  Currently 0.327% of NetApp shares are held by insiders and 105.492% by institutions.

• How many people work for NetApp?

  Latest data suggests 10,800 work at NetApp.

• When does the fiscal year end for NetApp?

  NetApp's fiscal year ends in April.

• Where is NetApp based?

  NetApp's address is: 1395 Crossman Avenue, Sunnyvale, CA, United States, 94089

• What is NetApp's ISIN number?

  NetApp's international securities identification number is: US64110D1046

• What is NetApp's CUSIP number?

  NetApp's Committee on Uniform Securities Identification Procedures number is: 64110D104