Key Points
- Elizabeth O'callahan sold 1,000 shares on Jan. 12 at an average price of $105.49 for $105,490, reducing her stake to 21,075 shares (a 4.53% decrease).
- NetApp beat quarterly expectations, reporting $2.05 EPS (vs. $1.88 est.) and $1.71B revenue, and set FY2026 guidance of $7.75–8.05 EPS (Q3 2026: 2.01–2.11).
- $0.52 quarterly dividend was declared, payable Jan. 21 (annualized $2.08, ~1.9% yield; ex-dividend and record dates in early January).
NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the company's stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $105.49, for a total transaction of $105,490.00. Following the completion of the transaction, the executive vice president owned 21,075 shares in the company, valued at $2,223,201.75. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NetApp Stock Performance
NASDAQ NTAP opened at $107.67 on Thursday. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $127.78. The firm has a 50-day moving average price of $110.50 and a two-hundred day moving average price of $112.40. The company has a market capitalization of $21.33 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.37 and a beta of 1.38. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52.
NetApp (NASDAQ:NTAP - Get Free Report) last released its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $1.87 EPS. NetApp's quarterly revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. Analysts anticipate that NetApp, Inc. will post 5.89 earnings per share for the current year.
NetApp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. NetApp's dividend payout ratio (DPR) is 36.17%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NTAP. Wedbush reissued a "neutral" rating and set a $110.00 price target on shares of NetApp in a research note on Friday, October 10th. Oppenheimer restated a "market perform" rating on shares of NetApp in a research report on Wednesday, November 26th. Wells Fargo & Company lifted their target price on shares of NetApp from $100.00 to $115.00 and gave the stock a "positive" rating in a research note on Wednesday, November 26th. Northland Capmk raised shares of NetApp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 26th. Finally, William Blair reaffirmed a "market perform" rating on shares of NetApp in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, NetApp has an average rating of "Moderate Buy" and an average target price of $124.33.
Check Out Our Latest Stock Report on NetApp
Institutional Trading of NetApp
A number of large investors have recently added to or reduced their stakes in NTAP. Geneos Wealth Management Inc. increased its position in NetApp by 38.3% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider's stock worth $67,000 after buying an additional 210 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of NetApp by 81.1% during the 2nd quarter. Parallel Advisors LLC now owns 5,486 shares of the data storage provider's stock worth $585,000 after acquiring an additional 2,457 shares during the period. NBC Securities Inc. increased its holdings in NetApp by 5.1% in the 2nd quarter. NBC Securities Inc. now owns 9,134 shares of the data storage provider's stock worth $973,000 after acquiring an additional 446 shares during the last quarter. Range Financial Group LLC raised its stake in NetApp by 9.7% in the 2nd quarter. Range Financial Group LLC now owns 4,704 shares of the data storage provider's stock valued at $501,000 after acquiring an additional 414 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in NetApp by 11.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,083 shares of the data storage provider's stock valued at $115,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company's stock.
About NetApp
(
Get Free Report)
NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp's offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.
The company's product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.
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