Key Points
- NetApp EVP Elizabeth O’Callahan sold 1,000 shares for approximately $237,420, reducing her ownership by 3.25% while retaining 29,737 shares.
- NetApp reported stronger-than-expected quarterly results, with EPS of $2.58 versus the $2.12 consensus and revenue of $2.02 billion, up 29.9% year over year.
- The company declared a quarterly dividend of $0.52 per share, equal to an annualized $2.08 payout and a 0.9% yield; analysts maintain a “Moderate Buy” consensus with a $213.20 price target.
NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $237.42, for a total value of $237,420.00. Following the sale, the executive vice president owned 29,737 shares in the company, valued at $7,060,158.54. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
NetApp Trading Down 7.0%
NASDAQ:NTAP opened at $222.20 on Thursday. NetApp, Inc. has a 12-month low of $93.69 and a 12-month high of $240.87. The firm has a market capitalization of $43.64 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.57 and a beta of 1.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.24 and a quick ratio of 1.16. The business has a 50 day simple moving average of $201.22 and a 200 day simple moving average of $162.19.
NetApp (NASDAQ:NTAP - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business earned $1.15 EPS. The firm'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. Equities research analysts predict that NetApp, Inc. will post 8.32 EPS for the current year.
NetApp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. NetApp's payout ratio is 29.34%.
Institutional Trading of NetApp
Several large investors have recently added to or reduced their stakes in NTAP. BlackRock Inc. acquired a new position in NetApp during the 2nd quarter worth $2,925,168,000. Primecap Management Co. CA acquired a new position in shares of NetApp during the second quarter valued at $1,395,423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NetApp by 9.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,444,057 shares of the data storage provider's stock valued at $687,762,000 after purchasing an additional 383,701 shares during the period. First Trust Advisors LP increased its holdings in shares of NetApp by 127.0% during the first quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider's stock valued at $374,549,000 after purchasing an additional 2,046,912 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of NetApp by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,129,773 shares of the data storage provider's stock valued at $218,065,000 after purchasing an additional 30,559 shares during the period. 92.17% of the stock is currently owned by institutional investors and hedge funds.
NetApp News Roundup
Here are the key news stories impacting NetApp this week:
- Positive Sentiment: NetApp is expanding its role in enterprise AI infrastructure, highlighting AI-ready data platforms and optimized storage. The initiative could support longer-term demand for its storage and data-management products. NetApp Deepens Its Push Into Enterprise AI Infrastructure
- Positive Sentiment: Analysts have pointed to NetApp’s approximately $1.1 billion net cash position and strong cash generation as resources that can fund AI-related acquisitions and product development, although integration execution remains a risk. Will NetApp’s Strong Balance Sheet Support Its AI Expansion Strategy?
- Neutral Sentiment: NetApp showcased its AI-ready infrastructure at Ai Everything Abu Dhabi 2026, reinforcing its strategic focus on AI data workloads. However, commentary also suggested that much of the potential may already be reflected in the valuation. NetApp Showcased AI-Ready Data Infrastructure
- Negative Sentiment: Barclays downgraded NetApp, along with Dell and HPE, to Equal Weight. The firm reportedly sees no “meaningful AI inflection” yet and raised concerns about the timing and strength of enterprise AI spending, pressuring AI-related technology stocks. Dell, HPE and NetApp Slide After Barclays Downgrades
- Negative Sentiment: NetApp’s valuation appears demanding after its strong run, increasing sensitivity to any evidence that AI-driven growth will take longer to materialize. NetApp Stock May Be Fully Priced Despite Fresh AI Storage News
- Negative Sentiment: Executive Vice President Elizabeth O’Callahan sold 1,000 shares for approximately $237,420, reducing her holdings by 3.25%. The transaction is relatively small but may add modestly to near-term sentiment concerns. SEC Insider Trading Filing
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NTAP. Northland Securities increased their price objective on shares of NetApp from $171.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Bank of America lifted their price objective on shares of NetApp from $200.00 to $220.00 and gave the company a "neutral" rating in a research report on Wednesday, September 30th. Wall Street Zen raised shares of NetApp from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Zacks Research raised shares of NetApp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 9th. Finally, Morgan Stanley upped their target price on shares of NetApp from $173.00 to $191.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.20.
Read Our Latest Analysis on NetApp
NetApp Company Profile
(
Get Free Report)
NetApp, Inc develops intelligent data infrastructure and data management solutions for enterprises, service providers, and government organizations. The company helps customers store, manage, protect, and access data across on-premises environments, private clouds, public clouds, and hybrid multicloud infrastructures.
Its portfolio includes enterprise storage systems, all-flash arrays, cloud-connected storage, object storage, and data management software. NetApp's offerings include the ONTAP data management operating system, AFF and ASA storage systems, StorageGRID object storage, and BlueXP, a platform designed to help customers manage data and storage resources across multiple environments.
Further Reading
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].
