NTAP
NetApp Inc. Technology - Data Storage Investor Relations →
NetApp Inc. (NTAP) closed at $103.34 as of 2026-02-02, trading 15.9% above its 200-week moving average of $89.19. The stock moved further from the line this week, up from 8.2% last week. The 14-week RSI sits at 36, indicating neutral momentum.
Over the past 1528 weeks of data, NTAP has crossed below its 200-week moving average 22 times. On average, these episodes lasted 24 weeks. Historically, investors who bought NTAP at the start of these episodes saw an average one-year return of +22.5%.
With a market cap of $20.6 billion, NTAP is a large-cap stock. The company generates a free cash flow yield of 6.2%, which is healthy. Return on equity stands at 125.3%, indicating strong profitability. The stock trades at 20.8x book value.
The company has been aggressively buying back shares, reducing its share count by 8.6% over the past three years.
Over the past 29.4 years, a hypothetical investment of $100 in NTAP would have grown to $6591, compared to $1617 for the S&P 500. That represents an annualized return of 15.3% vs 9.9% for the index — confirming NTAP as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: NTAP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NTAP Crosses Below the Line?
Across 22 historical episodes, buying NTAP when it crossed below its 200-week moving average produced an average return of +25.0% after 12 months (median +26.0%), compared to +15.3% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +108.5% vs +31.6% for the index.
Each line shows $100 invested at the moment NTAP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NTAP has crossed below its 200-week MA 22 times with an average 1-year return of +22.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1997 | Mar 1997 | 1 | 2.4% | +82.6% | +6539.6% |
| Apr 1997 | May 1997 | 3 | 17.4% | +115.6% | +6902.7% |
| Jun 1997 | Jun 1997 | 1 | 1.2% | +113.8% | +6418.9% |
| Feb 2001 | Aug 2004 | 183 | 82.3% | -31.6% | +414.0% |
| Jul 2007 | Oct 2007 | 11 | 20.9% | +9.9% | +509.7% |
| Nov 2007 | Oct 2009 | 100 | 58.6% | -52.4% | +421.0% |
| May 2012 | Sep 2012 | 16 | 17.6% | +14.5% | +323.6% |
| Sep 2012 | Jul 2013 | 41 | 24.5% | +30.0% | +326.0% |
| Oct 2013 | Nov 2013 | 2 | 1.6% | +5.1% | +252.9% |
| Dec 2013 | Dec 2013 | 1 | 0.8% | +4.0% | +249.5% |
| Feb 2014 | Aug 2014 | 25 | 16.1% | -2.6% | +247.1% |
| Oct 2014 | Oct 2014 | 2 | 0.5% | -13.2% | +252.8% |
| Jan 2015 | Feb 2015 | 1 | 0.3% | -40.6% | +260.2% |
| Mar 2015 | Aug 2016 | 75 | 38.2% | -24.8% | +269.8% |
| Oct 2016 | Nov 2016 | 1 | 8.9% | +48.2% | +328.3% |
| Jul 2019 | Aug 2019 | 4 | 4.8% | +0.2% | +167.8% |
| Feb 2020 | Nov 2020 | 39 | 29.7% | +39.6% | +159.5% |
| Jun 2022 | Jul 2022 | 1 | 0.1% | +25.6% | +79.8% |
| Sep 2022 | Oct 2022 | 1 | 0.8% | +26.4% | +81.1% |
| Dec 2022 | Jan 2023 | 3 | 5.7% | +51.8% | +84.3% |
| Mar 2023 | Mar 2023 | 3 | 1.9% | +70.5% | +77.2% |
| Mar 2025 | Apr 2025 | 3 | 10.3% | N/A | +38.6% |
| Average | 24 | — | +22.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02