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NTAP Netapp

NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. It has ranked in the Fortune 500 since 2012. Founded in 1992 with an IPO in 1995, NetApp offers hybrid cloud data services for management of applications and data across cloud and on-premises environments. NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. It had its initial public offering in 1995. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. Since then, the company's revenue has steadily climbed.

Company profile

Ticker
NTAP
Exchange
Website
CEO
George Kurian
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NETWORK APPLIANCE INC
SEC CIK
IRS number
770307520

NTAP stock data

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Calendar

1 Mar 21
21 Jun 21
30 Apr 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Apr 20 Apr 19 Apr 18 Apr 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Netapp earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Cesar Cernuda Common Stock Sell Dispose S No Yes 82.8382 14,000 1.16M 37,700
1 Jun 21 Kurian George Common Stock Payment of exercise Dispose F No No 76.71 10,819 829.93K 168,826
1 Jun 21 Kurian George Common Stock Grant Aquire A No No 0 21,822 0 179,645
1 Jun 21 Kurian George Common Stock Payment of exercise Dispose F No No 76.71 18,871 1.45M 157,823
1 Jun 21 Kurian George Common Stock Grant Aquire A No No 0 38,062 0 176,694
1 Jun 21 Kurian George Common Stock Payment of exercise Dispose F No No 76.71 6,879 527.69K 138,632
1 Jun 21 Kurian George Common Stock Option exercise Aquire M No No 0 13,875 0 145,511
1 Jun 21 Kurian George Common Stock Payment of exercise Dispose F No No 76.71 4,586 351.79K 131,636
1 Jun 21 Kurian George Common Stock Option exercise Aquire M No No 0 9,250 0 136,222
1 Jun 21 Kurian George Common Stock Payment of exercise Dispose F No No 76.71 4,214 323.26K 126,972

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 574 579 -0.9%
Opened positions 76 121 -37.2%
Closed positions 81 55 +47.3%
Increased positions 214 164 +30.5%
Reduced positions 197 215 -8.4%
13F shares
Current Prev Q Change
Total value 14.63B 13.52B +8.2%
Total shares 201.4M 204.11M -1.3%
Total puts 936.3K 1.76M -46.8%
Total calls 1.08M 1.41M -23.5%
Total put/call ratio 0.9 1.2 -30.4%
Largest owners
Shares Value Change
Capital International Investors 25.91M $1.88B -3.9%
Primecap Management 25.9M $1.88B -7.5%
Vanguard 24.99M $1.82B +0.8%
BLK Blackrock 17.51M $1.27B +2.8%
STT State Street 9.21M $669.03M -6.7%
AMP Ameriprise Financial 6.02M $437.13M -6.6%
Geode Capital Management 4.18M $302.99M +8.7%
Boston Partners 3.67M $266.98M NEW
First Trust Advisors 3.62M $263.32M +9.4%
Ninety One UK 3.49M $253.53M +70.3%
Largest transactions
Shares Bought/sold Change
Boston Partners 3.67M +3.67M NEW
Wellington Management 3.1M +3.04M +4618.9%
Norges Bank 0 -2.4M EXIT
Citadel Advisors 0 -2.39M EXIT
Primecap Management 25.9M -2.1M -7.5%
Ninety One UK 3.49M +1.44M +70.3%
PUKPF Prudential 0 -1.15M EXIT
Capital International Investors 25.91M -1.06M -3.9%
IVZ Invesco 1.81M -900.04K -33.3%
STT State Street 9.21M -661.37K -6.7%

Financial report summary

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Risks
  • We are unable to predict the extent to which the global COVID-19 pandemic may adversely impact our business operations, financial condition, results of operations or cash flows.
  • Our business may be harmed by technological trends in our market or if we are unable to keep pace with rapid industry, technological and market changes.
  • If we are unable to develop, introduce and gain market acceptance for new products and services while managing the transition from older ones, or if we cannot provide the expected level of quality and support for our new products and services, our business, operating results and financial condition could be harmed.
  • Our sales and distribution structure makes forecasting revenues difficult and, if disrupted, could harm our operating results.
  • Increasing competition and industry consolidation could harm our business and operating results.
  • Continuing uncertain economic and political conditions restrict our visibility and may harm our operating results, including our revenue growth and profitability.
  • Transition to consumption-based business models may adversely affect our revenues and profitability in other areas of our business.
  • Our quarterly operating results may fluctuate materially, which could harm our common stock price.
  • If we are unable to maintain and develop relationships with strategic partners, our revenues may be harmed.
  • A portion of our revenues is generated by large, recurring purchases from various customers, resellers and distributors. A loss, cancellation or delay in purchases by any of these parties has negatively affected our revenues in the past, and could negatively affect our revenues in the future.
  • If we do not achieve forecasted bookings in any quarter, our financial results could be harmed.
  • Our gross margins may vary.
  • We rely on a limited number of suppliers for critical product components.
  • Any disruption to our supply chain could materially harm our business, operating results and financial condition.
  • Due to the global nature of our business, risks inherent in our international operations could materially harm our business.
  • We often incur expenses before we receive related benefits, and expenses may be difficult to reduce quickly if demand declines.
  • We could be subject to additional income tax liabilities.
  • If a data center or other third-party who relies on our products experiences a disruption in service or a loss of data, such disruption could be attributed to the quality of our products, thereby causing financial or reputational harm to our business.
  • If a cybersecurity or other security breach occurs on our systems or on our end-user customer systems, or if stored data is improperly accessed, customers may reduce or cease using our solutions, our reputation may be harmed and we may incur significant liabilities.
  • Failure to comply with new and existing laws and regulations relating to privacy, data protection, and information security could cause harm to our reputation, result in liability and adversely impact our business.
  • Our success depends upon our ability to effectively plan and manage our resources and restructure our business in response to changing market conditions and market demand for our products, and such actions may have an adverse effect on our financial and operating results.
  • If we are unable to attract and retain qualified personnel, our business, operating results and financial condition could be harmed.
  • Our acquisitions may not achieve expected benefits, and may increase our liabilities, disrupt our existing business and harm our operating results.
  • Reduced U.S. government demand could materially harm our business and operating results. In addition, we could be harmed by claims that we have or a channel partner has failed to comply with regulatory and contractual requirements applicable to sales to the U.S. government.
  • Initiatives intended to make our cost structure, business processes and systems more efficient may not achieve the expected benefits and could inadvertently have an adverse effect on our business, operating results and financial condition.
  • There are risks associated with our outstanding and future indebtedness.
  • Our failure to adjust to emerging standards in the storage and data management industry may harm our business.
  • Our failure to protect our intellectual property could harm our business, operating results and financial condition.
  • We may be found to infringe on intellectual property rights of others.
  • We are exposed to the credit and non-payment risk of our customers, resellers and distributors, especially during times of economic uncertainty and tight credit markets, which could result in material losses.
  • Our business could be materially and adversely affected as a result of natural disasters, terrorist acts or other catastrophic events.
  • Changes in regulations relating to our products or their components, or the manufacture, sourcing, distribution or use thereof, may harm our business and operating results.
  • Our stock price is subject to volatility.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: compliant, intent, leave, motion, plaintiff, shortage, sublimit
Removed: Certification, duly, embedded, Exhibit, Extension, Filing, formatted, inline, Interactive, Label, letter, Linkbase, October, Page, registrant, request, Schema, Taxonomy, thereunto, undersigned, XBRL