Key Points
- CEO George Kurian sold 13,000 NetApp shares at an average price of $200.01, generating $2.6 million and reducing his ownership by 4.08%; he still holds 305,537 shares.
- NetApp reported a strong quarter, with revenue rising 29.9% year over year to $2.02 billion and earnings of $2.58 per share, beating analyst expectations.
- Analysts maintain a consensus “Hold” rating with a $193.86 price target, while NetApp declared a quarterly dividend of $0.52 per share, equivalent to a 1.1% yield.
NetApp, Inc. (NASDAQ:NTAP - Get Free Report) Director Deepak Ahuja sold 3,450 shares of the business's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $690,000.00. Following the completion of the sale, the director directly owned 12,814 shares in the company, valued at approximately $2,562,800. The trade was a 21.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Deepak Ahuja also recently made the following trade(s):
- On Monday, September 14th, Deepak Ahuja sold 3,526 shares of NetApp stock. The stock was sold at an average price of $194.04, for a total value of $684,185.04.
NetApp Trading Up 1.8%
Shares of NASDAQ NTAP opened at $196.33 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $38.56 billion, a PE ratio of 27.69, a PEG ratio of 2.08 and a beta of 1.44. NetApp, Inc. has a twelve month low of $93.69 and a twelve month high of $209.06. The stock has a fifty day simple moving average of $186.41 and a 200-day simple moving average of $149.49.
NetApp (NASDAQ:NTAP - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.46. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $1.15 EPS. NetApp's revenue was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. On average, equities analysts forecast that NetApp, Inc. will post 8.32 earnings per share for the current year.
NetApp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. NetApp's dividend payout ratio (DPR) is presently 29.34%.
Key NetApp News
Here are the key news stories impacting NetApp this week:
- Positive Sentiment: NetApp’s ONTAP platform was validated for compatibility with VMware Cloud Foundation 9.1, strengthening its value proposition for private and hybrid cloud deployments and supporting its multicloud growth strategy. NetApp Just Deepened Its VMware Cloud Integration
- Positive Sentiment: Analysts highlighted improving earnings-estimate revisions as a potential catalyst for further gains. The outlook follows NetApp’s latest quarterly beat, in which revenue increased nearly 30% year over year and adjusted earnings exceeded consensus expectations. Why NetApp Might Be Well Poised for a Surge
- Positive Sentiment: NetApp will host its 2026 INSIGHT conference from September 29 to October 1, including a technology session for analysts and investors with senior executives. New product, cloud, or financial commentary could provide an additional near-term catalyst. NetApp Hosts Technology Sessions at 2026 INSIGHT Conference
- Neutral Sentiment: A valuation commentary characterized NetApp as roughly fairly valued or only modestly undervalued following its partnership with the Tampa Bay Buccaneers, suggesting limited direct impact on earnings or the stock’s fundamental outlook. NetApp Valuation Following Buccaneers Partnership
- Neutral Sentiment: Analysts maintain a consensus “Hold” rating, indicating that the recent rally and strong fundamentals may already be reflected in the share price.
- Negative Sentiment: CEO George Kurian sold 13,000 shares for approximately $2.6 million, while Director Deepak Ahuja sold 3,450 shares for $690,000. The sales do not change company operations, but insider selling can weigh on sentiment, particularly after the stock’s strong appreciation.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on NTAP shares. Zacks Research raised shares of NetApp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 9th. UBS Group raised their price target on shares of NetApp from $160.00 to $171.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. Argus set a $225.00 price target on shares of NetApp in a research note on Friday, September 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $210.00 price objective on shares of NetApp in a research report on Thursday, September 3rd. Finally, Barclays increased their price objective on NetApp from $199.00 to $219.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $193.86.
Read Our Latest Stock Analysis on NetApp
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in NTAP. Parallel Advisors LLC lifted its holdings in shares of NetApp by 2.1% during the 4th quarter. Parallel Advisors LLC now owns 5,007 shares of the data storage provider's stock worth $536,000 after acquiring an additional 101 shares during the period. Assetmark Inc. grew its holdings in NetApp by 3.0% in the first quarter. Assetmark Inc. now owns 3,540 shares of the data storage provider's stock valued at $362,000 after purchasing an additional 104 shares during the period. MRWM Advisors LLC grew its holdings in NetApp by 1.8% in the first quarter. MRWM Advisors LLC now owns 6,794 shares of the data storage provider's stock valued at $696,000 after purchasing an additional 122 shares during the period. Frank Rimerman Advisors LLC increased its position in NetApp by 2.4% during the first quarter. Frank Rimerman Advisors LLC now owns 5,578 shares of the data storage provider's stock worth $571,000 after purchasing an additional 131 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its position in NetApp by 7.1% during the first quarter. Cozad Asset Management Inc. now owns 2,175 shares of the data storage provider's stock worth $223,000 after purchasing an additional 145 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 infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.
The company's portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.
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