Zacks Research Analysts Reduce Earnings Estimates for NetApp

NetApp, Inc. (NASDAQ:NTAP - Free Report) - Zacks Research reduced their Q4 2025 earnings per share (EPS) estimates for shares of NetApp in a note issued to investors on Wednesday, March 19th. Zacks Research analyst V. Doshi now anticipates that the data storage provider will post earnings of $1.50 per share for the quarter, down from their previous forecast of $1.54. The consensus estimate for NetApp's current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp's Q4 2026 earnings at $1.61 EPS, FY2026 earnings at $5.94 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.73 EPS and FY2027 earnings at $6.81 EPS.

NTAP has been the subject of a number of other research reports. Morgan Stanley boosted their target price on NetApp from $132.00 to $146.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price objective on NetApp from $160.00 to $153.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of NetApp from $130.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Wedbush reissued a "neutral" rating and set a $110.00 price target (down from $120.00) on shares of NetApp in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods raised shares of NetApp to an "outperform" rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $129.07.

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NetApp Price Performance

NTAP traded down $1.66 during trading on Monday, hitting $91.09. The company's stock had a trading volume of 2,640,236 shares, compared to its average volume of 1,757,624. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The firm's 50 day moving average price is $111.07 and its two-hundred day moving average price is $117.60. NetApp has a 12 month low of $89.88 and a 12 month high of $135.45.

Hedge Funds Weigh In On NetApp

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in NetApp by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 26,443,974 shares of the data storage provider's stock worth $3,069,617,000 after purchasing an additional 429,343 shares during the last quarter. State Street Corp lifted its position in NetApp by 2.0% during the 3rd quarter. State Street Corp now owns 10,261,170 shares of the data storage provider's stock worth $1,267,357,000 after buying an additional 199,384 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of NetApp by 14.5% during the 4th quarter. Ameriprise Financial Inc. now owns 7,024,456 shares of the data storage provider's stock worth $815,402,000 after buying an additional 888,671 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NetApp by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,985,673 shares of the data storage provider's stock valued at $738,280,000 after acquiring an additional 453,324 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of NetApp by 20.4% in the fourth quarter. Invesco Ltd. now owns 3,123,228 shares of the data storage provider's stock valued at $362,544,000 after acquiring an additional 529,471 shares during the last quarter. 92.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O'callahan sold 528 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $92.58, for a total transaction of $48,882.24. Following the completion of the transaction, the executive vice president now owns 12,900 shares in the company, valued at approximately $1,194,282. This represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurian sold 8,500 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $119.04, for a total value of $1,011,840.00. Following the completion of the sale, the chief executive officer now owns 266,765 shares in the company, valued at approximately $31,755,705.60. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,931 shares of company stock valued at $6,252,759. 0.47% of the stock is owned by corporate insiders.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be given a $0.52 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. NetApp's dividend payout ratio is presently 38.52%.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.