How to Buy Netapp Stock
Netapp Inc
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could.
Netapp stock last closed at $75.80, down 0.11% from the previous day, and has increased 18.18% in one year. It has underperformed other stocks in the Computer Hardware industry by 0.34 percentage points. Netapp stock is currently +30.51% from its 52-week low of $58.08, and -5.87% from its 52-week high of $80.53.
As of Oct 2, 2023, there are 208.79M NTAP shares outstanding. The market cap of NTAP is $15.83B. In the last 24 hours, 1.26M NTAP shares were traded.
How to Buy Netapp Stock
Wondering how to invest in Netapp stock? Here's how.
- Figure out where to buy Netapp stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Netapp stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your method of payment and add your info.
- Research Netapp stock: The Netapp ticker symbol is NTAP. Is Netapp stock a good investment? Should you buy shares of NTAP? How do NTAP's underlying business fundamentals look? Do top analysts think Netapp is a good buy? Why has NTAP's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if NTAP is a good stock to buy).
- Execute your NTAP purchase: Decide if you will purchase NTAP shares at the current market price or use a limit order to buy NTAP stock at a particular price.
- Track your NTAP position: Create a watchlist to get the latest news on your investment in Netapp stock.
Step 1: Figure out where to buy Netapp stock
You will need a brokerage account in order to access the NASDAQ market and buy NTAP stock.
Our favorite brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal information so you can buy NTAP today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Provide your personal details to open a new brokerage account.
- Send your info by hitting the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on one of the best stock apps, you need to deposit funds:
Watch the video below to see the process of depositing funds into your brokerage account.
Step 4: Research Netapp stock
After you have figured out the best place to buy Netapp stock, it's crucial to evaluate their stock before you invest, so you truly comprehend the risk and opportunity.
Overview of key NTAP info
NTAP Due Diligence Checks
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on NTAP's stock page.
Is NTAP stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge NTAP's fair value.
Using relative valuations ratios:
- NTAP may be undervalued based on its P/E ratio of 13.51x, relative to Computer Hardware industry P/E ratio of 19.39x
- NTAP could be overvalued based on its P/B ratio of 18.13x, relative to Computer Hardware industry P/B ratio of 9.68x
You can access more valuation analysis on NTAP's stock here.
NTAP Financial Summary
Positive Health Checks:
- NTAP earnings of $982.00M is not sufficient to cover its interest payments.
- NTAP profit margin has gone up from 14.7% to 19.5% in the past year.
- NTAP's operating cash flow of $1.28B allows it to safely service it's debt of $2.39B.
- There are more short-term assets than short-term liabilities on the NTAP balance sheet.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the NTAP balance sheet.
- NTAP has a relatively high debt to equity ratio of 9.62.
- Total NTAP debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Netapp stock, according to analysts?
Out of 15 Equities analysts who give recommendations on NTAP, the consensus analyst rating on NTAP is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest NTAP Analyst Upgrades/Downgrades
Mehdi Hosseini, a top 23% analyst from Susquehanna upgrades NTAP to a strong buy rating and raises their NTAP price target from $62.00 to $100.00, on Sep 5, 2023.
Nehal Chokshi, a top 26% analyst from Northland Securities maintains NTAP with a buy rating and lowers their NTAP price target from $89.00 to $88.00, on Aug 24, 2023.
Krish Sankar, a top 7% analyst from TD Cowen maintains NTAP with a buy rating and raises their NTAP price target from $85.00 to $90.00, on Aug 24, 2023.
Matthew Sheerin, a top 16% analyst from Stifel Nicolaus maintains NTAP with a strong buy rating and raises their NTAP price target from $80.00 to $85.00, on Aug 24, 2023.
David Vogt, a top 18% analyst from UBS maintains NTAP with a hold rating and raises their NTAP price target from $77.00 to $84.00, on Aug 24, 2023.
You can dive deeper into what analysts are saying on the Netapp stock forecast page.
NTAP Momentum
Is NTAP Making Money?
Last year, NTAP earnings were $1.21B. During the last five year, NTAP's earnings have gone up by 40.63% per year. This was faster than the Computer Hardware industry average of 16.44%.
Last year, NTAP revenue was $6.20B. Over the past five year, NTAP's revenue has gone up by 0.42% per year. This was slower than the Computer Hardware industry average of 18.93%.
Dig into NTAP's earnings and revenue performance here.
Latest Insiders Trades at NTAP
Over the past 12 months, executives and large shareholders at NTAP have sold more shares than they have bought.
Gerald Held, Director of NTAP, was the latest NTAP insider to sell. They sold $442,269.00 worth of NTAP stock on Sep 12, 2023.
Research more about who owns NTAP stock here.
Can I get consistent income from NTAP stock?
Netapp pays a dividend of 2.64%, compared to the Computer Hardware industry's average dividend yield of 2.5%. If you owned $1,000 worth of NTAP stock, you would have been paid $26.39 in the past year.
Netapp dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Netapp dividend yield and history here.
What do other investors have to say about NTAP?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your NTAP purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, use a limit order.
Press the Open button and your broker will place the order.
If you want more help buying stocks on eToro, click the how to video below:
Step 6: Track your NTAP position
Now that you own some NTAP stock, you'll want to stay up-to-date on your new investment.
Put NTAP on a watchlist to get alerted to the latest events about your NTAP stock.
NTAP Feed
How to Buy Stock in Netapp
To summarize, here are the 6 steps you need to take to buy Netapp stock right now:
- Figure out where to buy Netapp stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Netapp stock
- Execute your NTAP purchase
- Track your NTAP position
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your investment in Netapp, hit the button below to create your watchlist.
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