NetAppNTAP
About: NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
Employees: 11,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
40% more call options, than puts
Call options by funds: $358M | Put options by funds: $257M
5% more repeat investments, than reductions
Existing positions increased: 317 | Existing positions reduced: 301
2% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 100
0% more funds holding
Funds holding: 810 [Q2] → 812 (+2) [Q3]
3.61% less ownership
Funds ownership: 93.83% [Q2] → 90.23% (-3.61%) [Q3]
8% less capital invested
Capital invested by funds: $24.9B [Q2] → $22.8B (-$2.04B) [Q3]
77% less funds holding in top 10
Funds holding in top 10: 13 [Q2] → 3 (-10) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Loop Capital Ananda Baruah 40% 1-year accuracy 6 / 15 met price target | 23%upside $150 | Buy Upgraded | 3 Sept 2024 |
Stifel Matthew Sheerin 50% 1-year accuracy 11 / 22 met price target | 15%upside $140 | Buy Maintained | 29 Aug 2024 |
JP Morgan Samik Chatterjee 62% 1-year accuracy 28 / 45 met price target | 20%upside $147 | Neutral Maintained | 29 Aug 2024 |
Barclays Tim Long 53% 1-year accuracy 24 / 45 met price target | 3%downside $119 | Equal-Weight Maintained | 29 Aug 2024 |
UBS David Vogt 75% 1-year accuracy 6 / 8 met price target | 10%upside $134 | Neutral Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 18 articles about NTAP published over the past 30 days
