Key Points
- NetApp EVP Elizabeth O'Callahan sold 1,000 shares on March 10 at an average price of $100.67 for $100,670, trimming her stake by 4.68% to 20,382 shares, according to an SEC filing.
- NetApp beat expectations with Q results (EPS $2.12 vs. $2.07 consensus; revenue $1.71B vs. $1.70B) and provided Q4 and FY2026 EPS guidance (Q4: 2.210–2.310; FY: 7.920–8.020), and announced a $0.52 quarterly dividend (2.1% yield).
- Market and analyst context: Shares rose about 2.3% to $99.18, large institutions (including Norges Bank) have been buying significant stakes, and the consensus rating is a "Moderate Buy" with a $122.42 target amid mixed analyst opinions.
NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $100.67, for a total transaction of $100,670.00. Following the sale, the executive vice president directly owned 20,382 shares in the company, valued at $2,051,855.94. This trade represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
NetApp Stock Up 2.3%
NASDAQ:NTAP traded up $2.25 on Friday, reaching $99.18. 602,784 shares of the stock traded hands, compared to its average volume of 2,446,028. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 3.02 and a beta of 1.39. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66. The company's fifty day simple moving average is $101.35 and its 200 day simple moving average is $110.67.
NetApp (NASDAQ:NTAP - Get Free Report) last issued its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Equities analysts predict that NetApp, Inc. will post 5.89 EPS for the current fiscal year.
NetApp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, April 2nd. NetApp's dividend payout ratio (DPR) is currently 34.78%.
Key Stories Impacting NetApp
Here are the key news stories impacting NetApp this week:
- Positive Sentiment: Northland Securities raised its FY2026 and FY2027 EPS forecasts and boosted several quarterly estimates, including Q4 2026 and Q3–Q4 2027, while reiterating a "Strong‑Buy" rating — the firm now models higher full‑year earnings, which supports upward revisions to expectations and likely underpins buying interest. Northland Research Note (MarketBeat)
- Neutral Sentiment: A recent article notes NTAP has underperformed the Nasdaq over the past year, but analysts remain cautiously optimistic — this highlights valuation/relative‑performance concerns even as fundamental outlooks improve. Is NetApp Stock Underperforming the Nasdaq?
- Neutral Sentiment: An insider sale: EVP Elizabeth O'Callahan sold 1,000 shares (~$100.7k) on March 10 (a small reduction in her holdings). The size and company role make this a monitoring item but not a clear signal of negative company prospects. Insider Sale Filing
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of NetApp during the 4th quarter valued at about $458,060,000. Boston Partners grew its position in NetApp by 108.9% during the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider's stock valued at $313,997,000 after buying an additional 1,536,339 shares during the period. Geode Capital Management LLC grew its position in NetApp by 16.8% during the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider's stock valued at $756,665,000 after buying an additional 1,024,626 shares during the period. Pacer Advisors Inc. increased its holdings in NetApp by 103.6% during the third quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider's stock valued at $211,226,000 after buying an additional 907,233 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in NetApp by 94.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,823,292 shares of the data storage provider's stock worth $215,987,000 after acquiring an additional 886,485 shares during the period. Institutional investors own 92.17% of the company's stock.
Wall Street Analyst Weigh In
NTAP has been the topic of a number of research analyst reports. Oppenheimer reaffirmed a "market perform" rating on shares of NetApp in a research report on Wednesday, November 26th. UBS Group boosted 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. Weiss Ratings upgraded shares of NetApp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. Barclays lifted their price target on shares of NetApp from $125.00 to $134.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 26th. Finally, Bank of America boosted their price objective on shares of NetApp from $125.00 to $129.00 and gave the company a "neutral" rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.42.
Read Our Latest Stock Analysis on NetApp
NetApp Company Profile
(
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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