NetApp Inc. (NASDAQ:NTAP) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Friday, January 5th will be given a dividend of 0.20 per share by the data storage provider on Wednesday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, January 4th.

Shares of NetApp (NTAP) opened at $55.32 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.55. NetApp has a 52 week low of $35.08 and a 52 week high of $58.99. The stock has a market capitalization of $14,886.98, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NetApp had a return on equity of 26.77% and a net margin of 11.49%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts predict that NetApp will post 2.72 earnings per share for the current year.

In other NetApp news, EVP Henri P. Richard sold 1,976 shares of NetApp stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $43.89, for a total transaction of $86,726.64. Following the sale, the executive vice president now owns 15,836 shares of the company’s stock, valued at approximately $695,042.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurian sold 75,000 shares of NetApp stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.50, for a total value of $3,937,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 166,060 shares of company stock worth $8,607,977 in the last ninety days. 0.47% of the stock is owned by company insiders.

A number of analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $51.00 price target on shares of NetApp in a research note on Monday, October 2nd. Drexel Hamilton restated a “buy” rating and issued a $62.00 price objective on shares of NetApp in a report on Monday, September 25th. Robert W. Baird restated a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of NetApp in a report on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of NetApp in a report on Wednesday, October 4th. Finally, BMO Capital Markets restated a “hold” rating and issued a $43.00 price objective on shares of NetApp in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.15.

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About NetApp

NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.

Dividend History for NetApp (NASDAQ:NTAP)

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