NetApp, Inc. (NASDAQ:NTAP) Receives $119.21 Consensus PT from Analysts

Shares of NetApp, Inc. (NASDAQ:NTAP) have been given a consensus recommendation of “Hold” by the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $119.2143.

NTAP has been the subject of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $110.00 price objective on shares of NetApp in a research note on Friday, May 30th. UBS Group reduced their price target on shares of NetApp from $115.00 to $108.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on NetApp from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Wells Fargo & Company lowered their price target on NetApp from $115.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, May 30th. Finally, Morgan Stanley reaffirmed a “cautious” rating on shares of NetApp in a research report on Tuesday, May 20th.

NetApp Trading Down 0.7%

Shares of NASDAQ NTAP opened at $108.42 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. NetApp has a 12 month low of $71.84 and a 12 month high of $135.45. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.51 and a beta of 1.44. The business has a fifty day simple moving average of $105.53 and a 200-day simple moving average of $100.70.

NetApp (NASDAQ:NTAP) last announced its earnings results on Thursday, May 29th. The data storage provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. NetApp had a net margin of 18.05% and a return on equity of 126.96%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. Sell-side analysts predict that NetApp will post 5.89 EPS for the current year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, July 3rd. NetApp’s dividend payout ratio (DPR) is 36.62%.

Insiders Place Their Bets

In related news, CAO Lorenzo Daniel De sold 302 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $98.77, for a total value of $29,828.54. Following the transaction, the chief accounting officer directly owned 455 shares of the company’s stock, valued at approximately $44,940.35. This trade represents a 39.89% decrease in their position. The sale was disclosed in a legal filing 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 that occurred on Monday, August 18th. The stock was sold at an average price of $108.85, for a total value of $925,225.00. Following the completion of the sale, the chief executive officer owned 283,688 shares of the company’s stock, valued at approximately $30,879,438.80. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,802 shares of company stock valued at $2,951,604 over the last quarter. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On NetApp

A number of institutional investors have recently made changes to their positions in the business. Manchester Capital Management LLC boosted its position in shares of NetApp by 375.0% in the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 225 shares during the period. 1248 Management LLC bought a new position in NetApp during the first quarter valued at about $25,000. Harbour Investments Inc. raised its holdings in NetApp by 287.9% in the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 190 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NetApp in the 2nd quarter worth approximately $28,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of NetApp during the 1st quarter worth approximately $29,000. 92.17% of the stock is currently owned by institutional investors.

About NetApp

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.