NetApp (NTAP)

• Market cap: $24.8B
• 1 day: 1.76%
• 5 days: 6.77%
• 1 month: -0.33%
• 3 months: -3.63%
• 6 months: -4.18%
• Year to date: 5.32%
• 1 year: 42.91%
• 5 years: 95.59%
• 10 years: 216.87%
• Sector: Information Technology
• Industry: Computer Storage Devices

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)

38% more call options, than puts

Call options by funds: $372M | Put options by funds: $270M

32% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 77

1% more funds holding

Funds holding: 812 [Q2] → 822 (+10) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 321 | Existing positions reduced: 306

3.26% less ownership

Funds ownership: 94.45% [Q2] → 91.18% (-3.26%) [Q3]

8% less capital invested

Capital invested by funds: $25B [Q2] → $23.1B (-$1.96B) [Q3]

77% less funds holding in top 10

Funds holding in top 10: 13 [Q2] → 3 (-10) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120 2% downside
• Avg. target: $140 15% upside
• High target: $160 31% upside

9 analyst ratings

• positive: 3 33%
• neutral: 5 56%
• negative: 1 11%

Morgan Stanley Meta Marshall 80% 1-year accuracy 20 / 25 met price target	20% upside $146	Equal-Weight Maintained	17 Dec 2024
JP Morgan Samik Chatterjee 60% 1-year accuracy 37 / 62 met price target	31% upside $160	Overweight Upgraded	16 Dec 2024
Citigroup Asiya Merchant 44% 1-year accuracy 12 / 27 met price target	11% upside $135	Neutral Maintained	22 Nov 2024
TD Cowen Karl Ackerman 40% 1-year accuracy 4 / 10 met price target	31% upside $160	Buy Maintained	22 Nov 2024
Stifel Matthew Sheerin 58% 1-year accuracy 15 / 26 met price target	19% upside $145	Buy Maintained	22 Nov 2024