William Blair Predicts NetApp’s Q1 Earnings (NASDAQ:NTAP)

NetApp, Inc. (NASDAQ:NTAP) – Research analysts at William Blair issued their Q1 2027 earnings estimates for NetApp in a research report issued to clients and investors on Wednesday, November 26th. William Blair analyst J. Ader anticipates that the data storage provider will post earnings of $1.49 per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. William Blair also issued estimates for NetApp’s Q2 2027 earnings at $1.79 EPS, Q3 2027 earnings at $1.93 EPS and Q4 2027 earnings at $2.09 EPS.

NTAP has been the topic of several other research reports. Barclays upped their price target on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday. Northland Capmk raised shares of NetApp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NetApp in a research note on Wednesday, October 8th. Bank of America increased their price objective on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Morgan Stanley set a $117.00 price objective on shares of NetApp in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.07.

NetApp Stock Up 2.2%

Shares of NASDAQ NTAP opened at $111.61 on Monday. The stock has a market cap of $22.10 billion, a P/E ratio of 19.72, a PEG ratio of 2.48 and a beta of 1.46. The business’s fifty day simple moving average is $115.50 and its 200-day simple moving average is $110.39. NetApp has a 12-month low of $71.84 and a 12-month high of $131.30. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55.

NetApp (NASDAQ:NTAP) last released its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.17. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. NetApp had a net margin of 17.77% and a return on equity of 123.24%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.87 EPS. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS. Q3 2026 guidance at 2.010-2.110 EPS.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. NetApp’s payout ratio is 36.17%.

Insider Buying and Selling at NetApp

In related news, CEO George Kurian sold 8,750 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 274,938 shares of the company’s stock, valued at $33,792,629.58. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’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 $2,922,074.76. This represents a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,183 shares of company stock worth $1,483,361 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On NetApp

A number of hedge funds have recently modified their holdings of NTAP. Ascent Group LLC boosted its holdings in shares of NetApp by 1.5% in the 3rd quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock worth $721,000 after acquiring an additional 90 shares in the last quarter. Caliber Wealth Management LLC KS increased its holdings in NetApp by 5.0% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock valued at $249,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its position in NetApp by 19.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 647 shares of the data storage provider’s stock valued at $69,000 after purchasing an additional 104 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in NetApp by 2.0% in the third quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock worth $655,000 after purchasing an additional 106 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in shares of NetApp by 3.8% during the first quarter. Horizon Investments LLC now owns 2,919 shares of the data storage provider’s stock worth $255,000 after purchasing an additional 107 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

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.