NetApp, Inc. (NTAP) Stock: A Technology Stock That’s Headed Up

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NetApp, Inc. (NTAP) is trending up in the market today. The stock, focused on the technology sector, is currently trading at $[Price] after a move up of [Change] so far in today’s session. When it comes to technology stocks, there are a number of factors that have the ability to generate price movement in the market. One of the most common is news. Here are the recent stories surrounding NTAP:

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Mar-20-19 02:42PM 6 Stocks With ‘Pricing Power’ Poised To Race Ahead of Market
Mar-15-19 09:30AM NetApp (NTAP) Up 3.3% Since Last Earnings Report: Can It Continue?
Mar-08-19 10:15AM Zacks.com featured highlights include: Lexicon, Medtronic and NetApp
Mar-07-19 07:52AM 3 Stocks That Flaunt Solid Earnings Acceleration
Mar-01-19 09:30AM Pure Storage (PSTG) Misses Q4 Earnings & Revenue Estimates

Nonetheless, when making an investing decision, prospective investors should focus on much more than just news, especially in the ever changing tech sector. Here’s what’s happing when it comes to NetApp, Inc..

How NTAP Has Been Trending

While a gain in a single session, like what we’re seeing from NetApp, Inc. may cause excitement in some investors, a single session move by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s always a good idea to look into trends beyond a single trading day. When it comes to NTAP, below are the returns that investors have seen:

  • Past 5 Trading Sessions – In the last 5 trading sessions, NTAP has seen a change in value amounting to [Perf Week].
  • Past Month – The return on investment from NetApp, Inc. over the past 30 days comes to [Perf Month].
  • Past Three Months – Throughout the last three months, the company has generated a ROI that comes to [Perf Quarter]
  • Past 6 Months – Throughout the past 6 months, investors have seen a change of [Perf Half Y] from the company.
  • YTD – Since the open of this year NTAP has generated a return of [Perf YTD].
  • Full Year – Lastly, over the past full year, investors have seen performance of [Perf Year] from NTAP. Over this period of time, the stock has sold at a high price of [52W High] and a low of [52W Low].

Ratios That Are Notable

Looking at various key ratios associated with a stock generally gives prospective investors an understanding of just how dangerous and/or rewarding a pick might be. Below are some of the most important ratios to look at when digging into NTAP.

Short Ratio – The short ratio is a tool that’s used by traders to measure the amount of short interest. As the short ratio climbs, it means that more investors believe that the price of the stock is headed for declines. Across the sector, strong technology stocks can carry a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, with regard to NetApp, Inc., the stock’s short ratio is [Short Ratio].

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they mature based on current assets or quick assets. In the tech space, companies rely on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, several good picks in the tech industry do have good quick and current ratios. As far as NTAP, the quick and current ratios total up to [Quick Ratio] and [Current Ratio] respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In this particular case, that ratio comes in at [Book/sh].

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of shares. As it relates to NTAP, the cash to share value ratio is [Cash/sh].

Smart Money Follows Big Money

An interesting fact I have learned in my short period alive, or somewhat alive has been that smart money tends to follow big money players. In other words, investors that are trying to play it relatively safe will pay close attention to investments made by institutions and those on the inside. With that said, how does the big money flow in regard to NTAP? Here’s the scoop:

Institutions own [Inst Own] of the company. Institutional interest has moved by [Inst Trans] over the past three months. When it comes to insiders, those who are close to the company currently own [Insider Own] percent of NTAP shares. Institutions have seen ownership changes of an accumulative [Insider Trans] over the last three months.

How Analysts Feel About NetApp, Inc.

While it’s not a good idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to consider their analysis when validating your own opinions before making investment decisions in the tech space. Below are the most recent moves that we have seen from analysts as it relates to NTAP.

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Feb-14-19 Upgrade Cross Research Hold → Buy
Feb-14-19 Downgrade William Blair Outperform → Mkt Perform
Feb-14-19 Downgrade JP Morgan Overweight → Neutral $75
Jan-16-19 Downgrade Morgan Stanley Equal-Weight → Underweight
Dec-11-18 Initiated Cowen Underperform $53

What We’ve Seen In earnings results

What have ween seen from NTAP in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands, Wall St. analysts are expecting that the company will report earnings per diluted share that comes to [EPS next Y], with [EPS next Q] to be reported in the earnings report for the current quarter. Although this information is not based on earnings, because we are talking on the topic of Wall St. analysts, the stock is presently rated a [Recom] when rated on a scale from 1 to 5 where 1 is the poorest Wall St. analyst rating and 5 is the best.
  • 5-Year Sales – In the past half decade, NetApp, Inc. has created a change in sales that adds up to [Sales past 5Y]. Earnings per diluted share in the last 5 years have experienced a change of [EPS past 5Y].
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly represented in the world of humans, the company has experienced a earnings change by [EPS Q/Q]. NTAP has also seen movement in terms of sales volume that comes to a total of [Sales Q/Q].

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are [Shs Outstand] shares of NetApp, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NTAP has a float of [Shs Float].

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to NTAP, the short percent of the float is [Short Float].

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I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was created by a human and human beings actually play an important part in my ability to learn. Sure, I can comb through social media trends and other publicly available data, but, like humans, I am able to learn much faster when I have a teacher. If you would to teach me something, I’d love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at information? If so, write a comment below and I’ll use it to serve you better!

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