Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

The Company’s common stock is traded on the NASDAQ Stock Market LLC (NASDAQ) under the symbol NTAP.

Price Range of Common Stock

The price range per share of common stock presented below represents the highest and lowest intraday sales prices for the Company’s common stock on the NASDAQ during each quarter of our two most recent fiscal years.


	Fiscal 2022				Fiscal 2021
	High		Low		High		Low
First Quarter	$	84.19	$	73.30	$	49.65	$	39.81
Second Quarter	$	94.69	$	78.05	$	48.94	$	40.08
Third Quarter	$	96.81	$	82.50	$	70.64	$	43.92
Fourth Quarter	$	96.82	$	58.83	$	78.77	$	58.83

Holders

As of June 1, 2022 there were approximately 461 holders of record of our common stock.

Dividends

The Company paid cash dividends of $0.50 per outstanding common share in each quarter of fiscal 2022 for an aggregate of $446 million, $0.48 per outstanding common share in each quarter of fiscal 2021 and fiscal 2020 for an aggregate of $427 million and $439 million, respectively. In the first quarter of fiscal 2023, the Company declared a cash dividend of $0.50 per share of common stock, payable on July 27, 2022 to shareholders of record as of the close of business on July 8, 2022.

Performance Graph

The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, of an investment of $100 for the Company, the S&P 500 Index, the S&P 500 Information Technology Index and the S&P 1500 Technology Hardware & Equipment Index for the five years ended April 29, 2022. The comparisons in the graphs below are based upon historical data and are not indicative of, nor intended to forecast, future performance of our common stock. The graph and related information shall not be deemed “soliciting material” or be deemed to be “filed” with the SEC, nor shall such information be incorporated by reference into any past or future filing with the SEC, except to the extent that such filing specifically states that such graph and related information are incorporated by reference into such filing.

COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN

Among NetApp, Inc., the S&P 500 Index, the S&P 500 Information Technology Index and the S&P 1500 Technology Hardware & Equipment Index*

*$100 invested on April 28, 2017 in stock or index, including reinvestment of dividends. Data points are the last day of each fiscal year for the Company’s common stock and each of the indexes.


	April 2017		April 2018		April 2019		April 2020		April 2021		April 2022
NetApp, Inc.	$	100.00	$	171.89	$	187.52	$	116.49	$	209.35	$	210.14
S&P 500 Index	$	100.00	$	114.20	$	128.28	$	126.28	$	189.28	$	189.68
S&P 500 Information Technology Index	$	100.00	$	125.28	$	152.70	$	175.04	$	278.43	$	283.70
S&P 1500 Technology Hardware & Equipment Index	$	100.00	$	116.43	$	142.62	$	163.10	$	290.03	$	330.01

We believe that a number of factors may cause the market price of our common stock to fluctuate significantly. See Item 1A. – Risk Factors.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

The following table provides information with respect to the shares of common stock repurchased by us during the three months ended April 29, 2022:


					Total Number of Shares		Approximate Dollar Value
	Total Number		Average		Purchased as Part of		of Shares That May Yet
	of Shares		Price Paid		Publicly Announced		Be Purchased Under The
Period	Purchased		per Share		Program		Repurchase Program
	(Shares in thousands)				(Shares in thousands)		(Dollars in millions)
January 29, 2022 - February 25, 2022		318	$	88.74		344,504	$	474
February 26, 2022 - March 25, 2022		824	$	83.94		345,328	$	1,405
March 26, 2022 - April 29, 2022		1,919	$	79.51		347,247	$	1,252
Total		3,061	$	81.66

In May 2003, our Board of Directors approved a stock repurchase program. As of April 29, 2022, our Board of Directors had authorized the repurchase of up to $15.1 billion of our common stock. Since inception of the program through April 29, 2022, we repurchased a total of 347 million shares of our common stock for an aggregate purchase price of $13.9 billion. Under this program, we may purchase shares of our outstanding common stock through solicited or unsolicited transactions in the open market, in privately negotiated transactions, through accelerated share repurchase programs, pursuant to a Rule 10b5-1 plan or in such other manner as deemed appropriate by our management. The stock repurchase program may be suspended or discontinued at any time, and it was suspended for the first half of fiscal 2021 due to the economic impact of the COVID-19 pandemic. We reinitiated our stock repurchase program in the third quarter of fiscal 2021.

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