NetApp Inc. (NTAP): Year-to-date performance of NTAP is negative

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NetApp Inc. (NASDAQ:NTAP) changes shares on Tuesday trading session, with a change of 1.08% or $0.46 shares. The trading starts at $42.62 and closed at $42.77 throughout the day. The trading session low price was $42.61 and day high was $44.12 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 2.81 million while its average volume is 2.48M. In other hand, the NTAP market cap reached to $9.28B. While, its current target price is $47.33.

On November 14, 2018, NetApp’s second quarter beats, but weak forecast weighs on shares. According to the news reported on Reuters, Data storage equipment maker NetApp Inc beat quarterly sales and profit estimates on Wednesday, but a soft third-quarter revenue forecast sent its shares down 5 percent.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.65% and down -4.04% for month. Its quarterly performance was 4.93% above, while its half year performance is down -22.64%. NTAP yearly performance stood at negative -4.27% and fall -30.55% for year-to-date. Current recommendation for NetApp Inc. is 2.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NTAP EPS (TTM) for 12-month is 3.54. EPS for this year is -22.10%, while for the next year its value is 4.03. Sales growth for the current quarter is 2.01 while its EPS Q/Q reached -45.40%. It has an EPS of 15.00% up for past five years and for the next five years will be up 6.09%.

Primecap Management Company, Vanguard Group, Inc. (The) and Capital International Investors are the top three holders in NetApp Inc. (NTAP) stock. On Mar 30, 2020, Primecap Management Company has 30.72 million shares which valued 1.28 billion. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 27.41 million shares which valued at 1.14 billion. On Mar 30, 2020, Capital International Investors has a total of 25.92 million shares which valued at 1.08 billion. In the end, Capital International Investors have 11.72% shares outstanding of NetApp Inc. (NTAP) on Mar 30, 2020. The insider ownership moved to 0.30% and institutional holding shifted to 98.99%.

The company posted an EPS (TTM) of 3.54. According to the most recent quarter report on (Jul 2020), 24 analysts estimated an average EPS of 0.41, while 0.65 EPS posted a year ago period. Analyst Estimated EPS for NTAP published in the report was $0.37 – $0.46 during the same period. Comparing with last year, the average estimated EPS was 0.65 which is lower than 1.19 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NTAP fall -13.82% for period of 200 days. SMA for 50 days was -1.80% which is showing red signal, while SMA-20 was -1.24%. The moving average value for NetApp Inc. (NTAP) is 45.30 and 43.57 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NTAP stock. On Jun 02, FAWCETT MATTHEW K, SVP, GC & Secretary, sold 9,487 trading shares at the cost of $42.74, which valued at 0.41 million. On Jan 15, RICHARD HENRI P, EVP, Go To Market, sold 2,500 shares at the cost of $64.20, with total shares of 143,855. On Dec 30, RICHARD HENRI P, EVP, Go To Market, sold 2,500 shares at the cost of 61.49. After this transaction, RICHARD HENRI P total shares reached to 146,355 which valued at 0.15 million.