Key Points
- EVP Elizabeth O'callahan sold 1,000 shares on April 10 at an average price of $96.25 for $96,250, reducing her stake by 4.91% to 19,382 shares valued about $1.87M (SEC filing).
- NetApp posted an earnings beat — $2.12 EPS versus $2.07 expected and $1.71B revenue vs $1.70B — and provided Q4 FY2026 guidance of 2.210–2.310 EPS and FY2026 guidance of 7.920–8.020 EPS.
- Dividend and market context: the company declared a $0.52 quarterly dividend (annualized $2.08, 2.1% yield), has a $19.51B market cap and a consensus analyst rating of "Hold" with a $122.42 target.
NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the sale, the executive vice president owned 19,382 shares in the company, valued at $1,865,517.50. This represents a 4.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NetApp Stock Performance
Shares of NetApp stock opened at $98.89 on Wednesday. NetApp, Inc. has a fifty-two week low of $80.22 and a fifty-two week high of $126.66. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The firm has a market capitalization of $19.51 billion, a P/E ratio of 16.54, a P/E/G ratio of 3.05 and a beta of 1.30. The company's 50 day moving average price is $100.94 and its two-hundred day moving average price is $107.49.
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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.70 billion. During the same quarter last year, the business posted $1.91 earnings per share. The company's quarterly 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. On average, equities analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.
NetApp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 2nd. NetApp's payout ratio is 34.78%.
Hedge Funds Weigh In On NetApp
Several hedge funds and other institutional investors have recently bought and sold shares of NTAP. Abich Financial Wealth Management LLC acquired a new stake in NetApp during the 3rd quarter worth about $27,000. Rossby Financial LCC raised its position in shares of NetApp by 105.5% in the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider's stock worth $27,000 after acquiring an additional 115 shares in the last quarter. Park Square Financial Group LLC lifted its stake in shares of NetApp by 68.7% in the 4th 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 during the period. Gen Wealth Partners Inc bought a new stake in shares of NetApp during the 4th quarter valued at about $30,000. Finally, DV Equities LLC bought a new stake in shares of NetApp during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 92.17% of the company's stock.
Analyst Ratings Changes
NTAP has been the topic of a number of recent research reports. Weiss Ratings lowered shares of NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 13th. Wall Street Zen upgraded shares of NetApp from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup lifted their price target on shares of NetApp from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. The Goldman Sachs Group initiated coverage on shares of NetApp in a report on Tuesday, January 13th. They set a "buy" rating and a $128.00 price target on the stock. Finally, Wedbush reiterated a "neutral" rating and set a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $122.42.
Check Out Our Latest Stock Analysis on NetApp
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
