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NetApp, Inc (NTAP) is a leading computer hardware business with stocks listed in the US. It opened the day at US$82.7 after a previous close of US$82.99. During the day the price has varied from a low of USD82.39 to a high of USD83.89. The latest price was USD83.52 (25 minute delay). NetApp is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in NetApp
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for NetApp. Find the share by name or ticker symbol: NTAP. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until NetApp reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$80.74, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of NetApp, depending on your broker.
- Check in on your investment. Congratulations, you own a part of NetApp. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- NetApp key stats
- Compare share trading platforms
- Is NetApp stock a buy or sell?
- NetApp performance over time
- Can I short NetApp shares?
- Is NetApp suitable for ethical investing?
- Are NetApp shares over-valued?
- NetApp's financials
- How volatile are NetApp shares?
- Does NetApp pay a dividend?
- Have NetApp shares ever split?
- Other common questions
NetApp share priceUse our graph to track the performance of NTAP stocks over time.
NetApp shares at a glance
|52-week range||US$38.5557 - US$84.19|
|50-day moving average||US$77.694|
|200-day moving average||US$69.4333|
|Dividend yield||US$1.92 (2.34%)|
|Earnings per share (TTM)||US$3.23|
Compare share trading platforms to buy stock
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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.
NetApp price performance over time
|1 week (2021-06-08)||2.04%|
|1 month (2021-05-14)||6.39%|
|3 months (2021-03-16)||20.87%|
|6 months (2020-12-16)||30.36%|
|1 year (2020-06-16)||88.32%|
|2 years (2019-06-14)||36.96%|
|3 years (2018-06-15)||7.49%|
|5 years (2016-06-16)||241.32%|
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 26x. In other words, NetApp shares trade at around 26x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-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 1.7516. 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 (earnings before interest, taxes, depreciation and amortisation) is US$1.1 billion.
The EBITDA is a measure of a NetApp's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$5.7 billion|
|Operating margin TTM||16.33%|
|Gross profit TTM||US$3.8 billion|
|Return on assets TTM||6.95%|
|Return on equity TTM||157.5%|
|Market capitalisation||US$18.6 billion|
TTM: trailing 12 months
Shorting NetApp shares
There are currently 8.0 million NetApp shares held short by investors – that's known as NetApp's "short interest". This figure is 16% down from 9.5 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 1.4 million). NetApp's SIR currently stands at 5.86. In other words for every 100,000 NetApp shares traded daily on the market, roughly 5860 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 0.061% of the tradable shares (for every 100,000 tradable NetApp shares, roughly 61 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly 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
|Total ESG score||24.49|
|Total ESG percentile||28.1|
|Environmental score percentile||9|
|Social score percentile||9|
|Governance score percentile||9|
NetApp share dividends
Dividend payout ratio: 47.9% of net profits
Recently NetApp has paid out, on average, around 47.9% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.44% 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 2.44% 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 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 July 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 US$38.5557 up to US$84.19. 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 1.2641. 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, 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; and a collaboration with DataStax to deliver full lifecycle management for cloud native data in DataStax Enterprise database, as well as open source Apache Cassandra clusters. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
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