Board of the Pension Protection Fund Buys Shares of 7,000 NetApp, Inc. $NTAP

Board of the Pension Protection Fund purchased a new position in shares of NetApp, Inc. (NASDAQ:NTAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,000 shares of the data storage provider’s stock, valued at approximately $829,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. 1248 Management LLC purchased a new stake in NetApp during the 1st quarter worth about $25,000. Harbour Investments Inc. grew its holdings in shares of NetApp by 287.9% during the second quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after buying an additional 190 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of NetApp in the second quarter valued at approximately $28,000. CVA Family Office LLC lifted its stake in shares of NetApp by 300.0% during the second quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock valued at $31,000 after buying an additional 219 shares during the period. Finally, SouthState Corp lifted its stake in shares of NetApp by 434.5% during the second quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock valued at $31,000 after buying an additional 239 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NTAP shares. Oppenheimer reiterated a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Wells Fargo & Company lifted their price objective on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. Barclays increased their target price on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Bank of America lifted their price target on NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, Northland Capmk upgraded shares of NetApp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 26th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.07.

NetApp Stock Performance

Shares of NASDAQ:NTAP opened at $111.90 on Friday. The firm has a market capitalization of $22.16 billion, a PE ratio of 19.46, a P/E/G ratio of 2.44 and a beta of 1.42. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The business has a 50-day moving average of $114.00 and a two-hundred day moving average of $111.85. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $127.78.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.17. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. As a group, research analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, January 2nd. NetApp’s payout ratio is currently 36.17%.

Insider Buying and Selling at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $119.00, for a total value of $119,000.00. Following the transaction, the executive vice president directly owned 22,628 shares of the company’s stock, valued at $2,692,732. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lorenzo Daniel De sold 327 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $107.48, for a total value of $35,145.96. The disclosure for this sale is available in the SEC filing. Insiders sold 2,433 shares of company stock valued at $284,229 in the last three months. Company insiders own 0.28% of the company’s stock.

Trending Headlines about NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks raised near-term 2026 estimates — they lifted FY2026 to $6.37 from $6.15 and bumped Q3 2026 to $1.67 (from $1.64) and Q4 2026 to $1.84 (from $1.79). This signals stronger-than-expected performance in the current fiscal year, which supports NTAP’s near-term valuation. Zacks Research note (12/16)
• Positive Sentiment: Zacks modestly raised Q4 2027 to $1.92 (from $1.89), a small tailwind for late‑year 2027 assumptions. Zacks Research note (12/16)
• Negative Sentiment: Material downward revisions for FY2028 — Zacks cut FY2028 to $7.42 from $7.87. A lower long‑range earnings profile can reduce forward multiples and investor confidence if other firms follow suit. Zacks Research note (12/16)
• Negative Sentiment: Multiple 2027 quarter cuts: Q1 2027 down to $1.42 (from $1.45), Q2 2027 to $1.69 (from $1.71), and a notable Q3 2027 cut to $1.66 (from $1.78). Those bumps-down, especially Q3, suggest Zacks expects weaker mid‑2027 earnings momentum. Zacks Research note (12/16)
• Negative Sentiment: Small cuts to early‑2028 quarters (Q1 2028 to $1.69 and Q2 2028 to $1.85) reinforce the downward tweak to FY2028 and highlight caution about growth beyond FY2026. Zacks Research note (12/16)

NetApp Profile

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.