Zacks Research Brokers Boost Earnings Estimates for NetApp

NetApp, Inc. (NASDAQ:NTAP) – Research analysts at Zacks Research raised their Q2 2026 earnings per share estimates for NetApp in a note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now forecasts that the data storage provider will post earnings per share of $1.49 for the quarter, up from their prior estimate of $1.44. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp’s Q1 2027 earnings at $1.45 EPS, Q2 2027 earnings at $1.71 EPS, Q4 2027 earnings at $1.89 EPS, FY2027 earnings at $6.81 EPS, Q1 2028 earnings at $1.73 EPS and FY2028 earnings at $7.87 EPS.

Other research analysts also recently issued reports about the company. Argus reiterated a “buy” rating and set a $130.00 price objective on shares of NetApp in a report on Friday, August 29th. UBS Group increased their price objective on NetApp from $108.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Barclays increased their price objective on NetApp from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Wedbush reiterated a “neutral” rating and set a $150.00 price objective on shares of NetApp in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. increased their price target on NetApp from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $124.07.

NetApp Stock Down 0.9%

NASDAQ:NTAP opened at $125.16 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31. The company has a market cap of $24.98 billion, a PE ratio of 22.11, a PEG ratio of 2.75 and a beta of 1.46. NetApp has a 52-week low of $71.84 and a 52-week high of $135.45. The stock has a 50-day simple moving average of $111.36 and a 200 day simple moving average of $100.72.

Institutional Investors Weigh In On NetApp

Several institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC purchased a new stake in shares of NetApp during the second quarter worth $471,000. Osaic Holdings Inc. lifted its position in shares of NetApp by 555.1% during the second quarter. Osaic Holdings Inc. now owns 80,879 shares of the data storage provider’s stock worth $8,618,000 after acquiring an additional 68,533 shares in the last quarter. Cypress Capital Advisors LLC lifted its position in shares of NetApp by 129.1% during the second quarter. Cypress Capital Advisors LLC now owns 9,834 shares of the data storage provider’s stock worth $1,048,000 after acquiring an additional 5,542 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of NetApp by 35.9% during the second quarter. Orion Porfolio Solutions LLC now owns 9,589 shares of the data storage provider’s stock worth $1,022,000 after acquiring an additional 2,533 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of NetApp during the second quarter worth $1,603,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Transactions at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $123.67, for a total value of $123,670.00. Following the transaction, the executive vice president owned 23,628 shares in the company, valued at approximately $2,922,074.76. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurian sold 8,750 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $122.91, for a total value of $1,075,462.50. Following the sale, the chief executive officer owned 274,938 shares in the company, valued at approximately $33,792,629.58. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,750 shares of company stock valued at $3,255,778 over the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 3rd. NetApp’s payout ratio is currently 36.75%.

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.