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 Video: What is a Stock Split?
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| NetApp is a global cloud-led, data-centric software company. Co. has two segments: Hybrid Cloud and Public Cloud. Hybrid Cloud provides a portfolio of storage management and infrastructure solutions that help customers recast their data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Public Cloud provides a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage and data services, and cloud operations services. According to our NTAP split history records, NetApp has had 4 splits. | |
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NetApp (NTAP) has 4 splits in our NTAP split history database. The first split for NTAP took place on December 19, 1997. This was a 2 for 1
split, meaning for each share of NTAP owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. NTAP's second split took place on December 22, 1998. This was a 2 for 1
split, meaning for each share of NTAP owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. NTAP's third split took place on December 21, 1999. This was a 2 for 1
split, meaning for each share of NTAP owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. NTAP's 4th split took place on March 23, 2000. This was a 2 for 1
split, meaning for each share of NTAP owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as NetApp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the NTAP split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NetApp shares, starting with a $10,000 purchase of NTAP, presented on a split-history-adjusted basis factoring in the complete NTAP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$43.05 |
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| End price/share: |
$117.32 |
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| Starting shares: |
232.29 |
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| Ending shares: |
299.47 |
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| Dividends reinvested/share: |
$14.74 |
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| Total return: |
251.34% |
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| Average Annual Total Return: |
13.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$35,123.52 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$43.05 |
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| End price/share: |
$117.32 |
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| Dividends collected/share: |
$14.74 |
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| Total return: |
206.75% |
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| Average Annual Total Return: |
11.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,663.01 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/19/1997 | 2 for 1
| | 12/22/1998 | 2 for 1
| | 12/21/1999 | 2 for 1
| | 03/23/2000 | 2 for 1
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