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 $100.14, down 0.76% from the previous day, and has increased 47.35% in one year. It has underperformed other stocks in the Computer Hardware industry by 0.94 percentage points. Netapp stock is currently +64.38% from its 52-week low of $60.92, and -10.97% from its 52-week high of $112.48.
As of Apr 18, 2024, there are 206.38M NTAP shares outstanding. The market cap of NTAP is $20.67B. In the last 24 hours, 1.02M 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.
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
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 22.3x, relative to Computer Hardware industry P/E ratio of 40.91x
- NTAP could be overvalued based on its P/B ratio of 20.79x, relative to Computer Hardware industry P/B ratio of 13.52x
- NTAP could be overvalued based on its PEG ratio of 1.62x
You can do additional valuation analysis on NTAP's stock here.
NTAP Financial Health Summary
Positive Health Checks:
- NTAP earnings of $1.20B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the NTAP balance sheet.
- NTAP's operating cash flow of $1.31B allows it to safely service it's debt of $2.39B.
Negative Health Checks:
- Total NTAP debt is higher than 5 years ago, relative to shareholder equity.
- NTAP profit margin has gone down from 19.9% to 15.2% in the past year.
- NTAP has a relatively high debt to equity ratio of 8.43.
- There are more long-term liabilities than short-term assets on the NTAP balance sheet.
Is Netapp stock a Buy, Hold, or Sell, according to analysts?
Out of 12 Equities analysts who research NTAP, the consensus analyst rating on NTAP is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent NTAP Analyst Upgrades/Downgrades
Krish Sankar, a top 5% analyst from TD Cowen maintains NTAP with a buy rating and raises their NTAP price target from $100.00 to $120.00, on Mar 1, 2024.
Amit Daryanani, a top 4% analyst from Evercore ISI Group maintains NTAP with a hold rating and raises their NTAP price target from $95.00 to $100.00, on Mar 1, 2024.
Tim Long, a top 4% analyst from Barclays maintains NTAP with a hold rating and raises their NTAP price target from $80.00 to $100.00, on Mar 1, 2024.
Meta Marshall, a top 6% analyst from Morgan Stanley maintains NTAP with a hold rating and raises their NTAP price target from $74.00 to $84.00, on Nov 29, 2023.
Nehal Chokshi, a top 12% analyst from Northland Securities downgrades NTAP to a hold rating and announces their NTAP price target of $100.00, on Nov 29, 2023.
You can dive deeper into what analysts are forecasting on the Netapp stock forecast page.
NTAP Technicals
NTAP Performance Numbers
Last year, NTAP earnings were $940.00M. During the last five year, NTAP's earnings have gone up by 1.88% per year. This was slower than the Computer Hardware industry average of 21.94%.
Last year, NTAP revenue was $6.18B. Over the last five year, NTAP's revenue has grown by -0.05% per year. This was slower than the Computer Hardware industry average of 9.41%.
Find out more about NTAP's earnings and revenue performance here.
Who is buying/selling NTAP?
In the past year, insiders at NTAP have sold more shares than they have bought.
Michael J. Berry, EVP CFO of NTAP, was the latest NTAP insider to sell. They sold $1,062,293.49 worth of NTAP shares on Apr 15, 2024.
Dig into more about who owns NTAP shares here.
Does NTAP provide a stable income stream?
Netapp pays a dividend of 2%, compared to the Computer Hardware industry's average dividend yield of 1.77%. If you owned $1,000 worth of NTAP stock, you would have received $19.97 in the past year.
Netapp dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Netapp dividend yield and history here.
What others are saying about NTAP
One of the major 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
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more help buying stocks on eToro, click the helpful video below:
Step 6: Track your NTAP position
Now that you own some shares in NTAP, you'll want to stay up-to-date on your new shares.
Add NTAP to a watchlist to get the latest updates about your NTAP stock.
NTAP Feed
How to Buy Stock in Netapp
To reiterate, here are the 6 steps to buy Netapp stock:
- 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 need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Netapp, get started below.
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