CEO and President of NETAPP INC (NTAP) Thomas Georgens sells 100,000 shares of NTAP on 06/17/2011 at an average price of $49.57 a share.

Netapp Inc. has a market cap of $18.16 billion; its shares were traded at around $49.705 with a P/E ratio of 28.9 and P/S ratio of 3.5. Netapp Inc. had an annual average earning growth of 22.9% over the past 10 years. GuruFocus rated Netapp Inc. the business predictability rank of 3-star.

This is the annual revenues and earnings per share of NTAP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NTAP.

CEO Recent Trades:

• CEO and President Thomas Georgens sold 15,553 shares of NTAP stock on 06/02/2011 at the average price of 53.51. Thomas Georgens owns at least 8,127 shares after this. The price of the stock has decreased by 7.11% since.
• CEO and President Thomas Georgens sold 100,000 shares of NTAP stock on 03/23/2011 at the average price of 48.09. Thomas Georgens owns at least 7,648 shares after this. The price of the stock has increased by 3.36% since.

CFO Recent Trades:

• Executive VP, CFO Steven J Gomo sold 222,003 shares of NTAP stock on 05/27/2011 at the average price of 55.11. Steven J Gomo owns at least 18,236 shares after this. The price of the stock has decreased by 9.81% since.

This is the insider trade history vs. stock price of NTAP. For the complete insider trading history of NTAP, click here.

Directors and Officers Recent Trades:

• Executive VP, Field Operations Robert E Salmon sold 44,302 shares of NTAP stock on 06/16/2011 at the average price of 49.59. Robert E Salmon owns at least 42,567 shares after this. The price of the stock has increased by 0.23% since.
• Executive VP, Field Operations Robert E Salmon sold 37,000 shares of NTAP stock on 06/13/2011 at the average price of 48.57. Robert E Salmon owns at least 42,567 shares after this. The price of the stock has increased by 2.34% since.
• Executive VP, Field Operations Robert E Salmon sold 20,500 shares of NTAP stock on 06/07/2011 at the average price of 51.13. Robert E Salmon owns at least 79,567 shares after this. The price of the stock has decreased by 2.79% since.
• Executive VP, Field Operations Robert E Salmon sold 6,815 shares of NTAP stock on 06/06/2011 at the average price of 50.25. Robert E Salmon owns at least 63,067 shares after this. The price of the stock has decreased by 1.08% since.
• Executive VP, Field Operations Robert E Salmon sold 15,625 shares of NTAP stock on 06/01/2011 at the average price of 53.81. Robert E Salmon owns at least 49,382 shares after this. The price of the stock has decreased by 7.63% since.

For the complete insider trading history of NTAP, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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