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NetApp, Inc. (NASDAQ:NTAP – Get Rankings) – Fairness analysis analysts Zacks Analysis lowered their FY2024 EPS estimates for NetApp in a report launched on Tuesday, March 28. Zacks Analysis analyst V. Doshi now expects the information storage companies supplier to submit earnings per share of $4.10 for the yr, down from its earlier forecast of $4.11. The consensus estimate for NetApp’s present full-year earnings is $4.28 per share. Zacks Analysis additionally launched estimates for NetApp’s first quarter 2025 earnings at $1.16 EPS and FY2025 earnings at $4.81 EPS.
A number of different inventory analysts have additionally not too long ago commented on NTAP. StockNews.com started overlaying NetApp inventory in a analysis word on Thursday, March 16. They set a “maintain” score for the corporate. On Thursday, Feb. 23, JPMorgan Chase & Co. diminished NetApp’s inventory value goal from $75.00 to $73.00 and set a “impartial” score on the inventory in a analysis report. Barclays diminished its value goal on NetApp’s inventory from $71.00 to $67.00 and set an “equal weight” score on the inventory in a analysis report Thursday, Feb. 23. Morgan Stanley lower NetApp’s inventory from an “equal weight” score to an “underweight” score and lower their value goal for the corporate from $66.00 to $58.00 in a analysis report Tuesday December thirteenth. Lastly, Susquehanna lower NetApp’s inventory value goal from $65.00 to $62.00 and set a “impartial” score on the inventory in a analysis report on Thursday, February 23. Two fairness analysis analysts have rated the inventory with a promote score, eleven have assigned a maintain score, and eight have issued a purchase score to the inventory. Based on MarketBeat, the inventory at the moment has a mean score of “Maintain” and a consensus value goal of $75.21.
Return on NetApp inventory
NASDAQ:NTAP shares opened Friday at $62.57. The corporate has a market cap of $13.38 billion, a value/earnings ratio of 10.77, a value/earnings/progress ratio of 1.61, and a beta of 1.19. The corporate has a 50-day transferring common value of $64.90 and a 200-day transferring common value of $65.53. The corporate has a present ratio of 1.34, a fast ratio of 1.29, and a debt-to-equity ratio of two.17. NetApp has a 12-month low of $58.08 and a 12-month excessive of $88.53.
NetApp (NASDAQ:NTAP – Get Score) final launched its quarterly earnings knowledge on Wednesday, February 22. The information storage companies supplier reported EPS of $1.37 for the quarter, beating the $1.31 consensus estimate by $0.06. The corporate reported income of $1.53 billion through the quarter, up from the consensus estimate of $1.61 billion. NetApp reported a web margin of 19.93% and ROE of 103.19%. The corporate’s quarterly revenues decreased 5.5% from the identical quarter final yr. In the identical interval a yr earlier, the corporate reported earnings per share of $1.20.
Institutional revenue and bills
Plenty of massive buyers have not too long ago modified their stakes within the firm. Quadrant Capital Group LLC elevated its holdings in NetApp by 12.6% within the third quarter. Quadrant Capital Group LLC now owns 1,321 shares of the information storage supplier valued at $82,000 after buying one other 148 shares throughout the latest quarter. Fifth Third Bancorp elevated its holdings in NetApp by 4.2% within the third quarter. Fifth Third Bancorp now owns 3,884 shares of the information storage supplier valued at $240,000 after buying one other 157 shares through the latest quarter. Orion Portfolio Options LLC elevated its holdings in NetApp by 4.3% within the third quarter. Orion Portfolio Options LLC now owns 4,579 shares of the information storage supplier valued at $283,000 after buying a further 187 shares throughout the latest quarter. Lapides Asset Administration LLC elevated its holdings in NetApp by 0.3% within the fourth quarter. Lapides Asset Administration LLC now owns 63,300 shares of the information storage supplier valued at $3,802,000 after buying one other 200 shares throughout the latest quarter. Lastly, CI Investments Inc. elevated its holdings in NetApp by 5.4% within the third quarter. CI Investments Inc. now owns 4,112 shares of the information storage supplier valued at $254,000 after buying one other 212 shares throughout the latest quarter. Hedge funds and different institutional buyers personal 87.92% of the corporate’s shares.
In different NetApp information, CEO George Kurian bought 2,250 shares of the inventory in a deal on Monday, Jan. 9. The shares bought at a mean value of $64.50, for a complete worth of $145,125.00. On account of the transaction, the CEO now immediately owns 154,726 shares of the corporate, valued at $9,979,827. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which may be accessed by way of this hyperlink. In different information, Chairman Cesar Cernuda bought 18,000 shares of NetApp in a deal on Wednesday, March 15. The shares bought at a mean value of $60.09, for a complete transaction of $1,081,620.00. On account of the transaction, the president now owns 44,829 shares of the corporate, valued at roughly $2,693,774.61. The sale was disclosed in a submitting with the Securities & Alternate Fee, obtainable at this hyperlink. Additionally, on Monday, Jan. 9, CEO George Kurian bought 2,250 shares of NetApp in a deal. The shares bought at a mean value of $64.50, for a complete transaction of $145,125.00. On account of the transaction, the CEO now owns 154,726 shares of the corporate, valued at roughly $9,979,827. Disclosure for this sale is accessible right here. Insiders have bought a complete of 31,500 shares of the corporate value $1,951,740 up to now 90 days. 0.26% of the shares are at the moment owned by insiders.
NetApp Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which might be paid on Wednesday, April 26. A dividend of $0.50 per share might be issued to shareholders of report on Thursday, April 6. This represents a $2.00 annualized dividend and a 3.20% dividend yield. The ex-dividend date is Wednesday fifth April. NetApp’s payout ratio is 34.42%.
NetApp Firm Profile
NetApp, Inc gives software program, methods and companies to handle and share knowledge on premises and personal and public clouds all over the world. The corporate affords cloud knowledge companies, together with NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Safe, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights.
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