Key Points
- NetApp EVP Elizabeth O'callahan sold 1,000 shares on Feb. 10 at $103.45 each for $103,450, leaving her with 20,075 shares (a 4.74% reduction) according to an SEC filing.
- NetApp beat quarterly expectations, reporting $2.05 EPS vs. $1.88 consensus and $1.71B revenue, and provided FY2026 guidance of $7.75–8.05 EPS with Q3 guidance of $2.01–2.11 EPS.
- Dividend and analyst sentiment: NetApp pays a $0.52 quarterly dividend (2.0% yield, 36% payout ratio) and carries a consensus "Moderate Buy" rating with an average target price of $123.93.
NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total transaction of $103,450.00. Following the completion of the sale, the executive vice president owned 20,075 shares in the company, valued at $2,076,758.75. This represents a 4.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
NetApp Price Performance
NTAP stock opened at $105.90 on Thursday. The company has a fifty day simple moving average of $106.60 and a two-hundred day simple moving average of $111.61. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $127.78. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $20.97 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38.
NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.17. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $1.87 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. 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 fiscal year.
NetApp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, January 2nd. NetApp's dividend payout ratio is presently 36.17%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on NTAP shares. Wells Fargo & Company lifted their price target 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. Oppenheimer restated a "market perform" rating on shares of NetApp in a research report on Wednesday, November 26th. Bank of America increased their price target on NetApp from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Wednesday, November 26th. The Goldman Sachs Group began coverage on NetApp in a research report on Tuesday, January 13th. They issued a "buy" rating and a $128.00 price objective on the stock. Finally, UBS Group lifted their target price on NetApp from $114.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.93.
Get Our Latest Stock Report on NetApp
Institutional Investors Weigh In On NetApp
Several large investors have recently modified their holdings of the business. Rossby Financial LCC lifted its holdings in NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider's stock worth $27,000 after buying an additional 115 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of NetApp during the 3rd quarter worth $27,000. Park Square Financial Group LLC boosted its position in NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider's stock valued at $29,000 after purchasing an additional 103 shares in the last quarter. Harbour Investments Inc. grew its stake in NetApp by 287.9% in the second quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new position in NetApp in the second quarter worth about $28,000. 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.
Further Reading
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