Home Markets Dividend Growth of NetApp, Inc.(NTAP)

Dividend Growth of NetApp, Inc.(NTAP)


NetApp(NTAP) is having a Dividend Yield of 1.95% with the Annual cash Dividend per share of $0.72. The last quarter cash dividend per share pay out was $0.19. NetApp has a 5 year average dividend yield of 1.41% and the stock has a Indicated annual dividend of $0.76. NetApp(NTAP) formally announced its most recent dividend on February 15, 2017 with a Dividend per share of $0.19. The new indicated annual dividend based on announced dividend per share is $0.76. The dividend yield based on the forward looking indicated annual dividend is 1.95%. NetApp(NTAP) has the most recent dividend payout ratio of 0.48 with a 5-year average payout ratio of 0.28. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.2. The 5 year historical dividend growth of NetApp(NTAP) is at the rate of 8.51% while the R-Squared dividend growth is 0.93. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

NetApp, Inc. (NASDAQ:NTAP) rose 4.19% or 1.63 points on Thursday and made its way into the gainers of the day. After trading began at $40.8 the stock was seen hitting $42.18 as a peak level and $40.36 as the lowest level. The stock ended up at $40.56. The daily volume was measured at 8,173,090 shares. The 52-week high of the share price is $42.18 and the 52-week low is $21.88. The company has a market cap of $11,169 million. Shares of NetApp, Inc. rose by 3.18% in the last five trading days and 12.7% for the last 4 weeks. NetApp, Inc. is up 16.94% in the last 3-month period. Year-to-Date the stock performance stands at 15.62%.

Currently the company Insiders own 0.49% of NetApp, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.22% . Institutional Investors own 92.52% of NetApp, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -34.78%. Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Matthew K Fawcett (SVP, GC & Secretary) sold 25,000 shares at 39.45 per share price.On Feb 1, 2017, George Kurian (CEO) sold 4,000 shares at 38.50 per share price.On Jan 4, 2017, Joel D Reich (Exec VP, Product Operations) sold 393 shares at 36.04 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Lake Street on Feb 16, 2017 to Buy, Raises Price Target to $ 43 from a previous price target of $32 .Company shares were Upgraded by Piper Jaffray on Feb 14, 2017 to Overweight, Raises Price Target to $ 46 from a previous price target of $37 .NetApp was Upgraded by Goldman to Buy on Jan 30, 2017. NetApp was Downgraded by Credit Suisse to Underperform on Dec 7, 2016.

NetApp Last issued its quarterly earnings results on Feb 15, 2017. The company reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.74. The company had revenue of $1404.00 million for the quarter, compared to analysts expectations of $1393.59 million. The companys revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

NetApp Inc., formerly Network Appliance, Inc., is a leading provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. Market leaders around the world choose NetApp to help them reduce cost, minimize risk, and adapt to change.



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