Fintel reports that on February 19, 2025, B of A Securities upgraded their outlook for NetApp (NasdaqGS:NTAP) from Underperform to Neutral.
Analyst Price Forecast Suggests 15.15% Upside
As of February 19, 2025, the average one-year price target for NetApp is $138.78/share. The forecasts range from a low of $117.16 to a high of $168.00. The average price target represents an increase of 15.15% from its latest reported closing price of $120.52 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NetApp is 7,364MM, an increase of 13.76%. The projected annual non-GAAP EPS is 6.80.
What is the Fund Sentiment?
There are 1,824 funds or institutions reporting positions in NetApp. This is an increase of 78 owner(s) or 4.47% in the last quarter. Average portfolio weight of all funds dedicated to NTAP is 0.17%, an increase of 32.39%. Total shares owned by institutions increased in the last three months by 3.64% to 221,363K shares. 
The put/call ratio of NTAP is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Primecap Management holds 12,220K shares representing 6.01% ownership of the company. In its prior filing, the firm reported owning 13,427K shares , representing a decrease of 9.88%. The firm decreased its portfolio allocation in NTAP by 9.90% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 8,029K shares representing 3.95% ownership of the company. In its prior filing, the firm reported owning 8,035K shares , representing a decrease of 0.08%. The firm decreased its portfolio allocation in NTAP by 3.63% over the last quarter.
Ameriprise Financial holds 7,024K shares representing 3.46% ownership of the company. In its prior filing, the firm reported owning 6,136K shares , representing an increase of 12.65%. The firm increased its portfolio allocation in NTAP by 7.46% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,483K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 6,536K shares , representing a decrease of 0.82%. The firm decreased its portfolio allocation in NTAP by 10.67% over the last quarter.
Geode Capital Management holds 5,784K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 5,986K shares , representing a decrease of 3.48%. The firm decreased its portfolio allocation in NTAP by 54.21% over the last quarter.
Netapp Background Information
(This description is provided by the company.)
NetApp, Inc. is an American hybrid cloud data services and data management company. NetApp offers cloud data services for management of applications and data both online and physically. n addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services.
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