NetApp (NASDAQ:NTAP) Shares Acquired Sen. John Boozman

Senator John Boozman (Republican-Arkansas) recently bought shares of NetApp, Inc. (NASDAQ:NTAP). In a filing disclosed on March 06th, the Senator disclosed that they had bought between $1,001 and $15,000 in NetApp stock on February 27th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/19/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 2/13/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2026.
• Purchased $1,001 – $15,000 in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) on 2/6/2026.
• Purchased $1,001 – $15,000 in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) on 2/6/2026.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/6/2026.
• Purchased $1,001 – $15,000 in shares of iShares CMBS ETF (NYSEARCA:CMBS) on 2/6/2026.

NetApp Stock Down 1.0%

Shares of NetApp stock opened at $101.06 on Friday. The business has a 50-day moving average price of $102.15 and a 200 day moving average price of $110.98. NetApp, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $126.66. The firm has a market cap of $19.94 billion, a P/E ratio of 16.90, a P/E/G ratio of 3.13 and a beta of 1.39. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15.

NetApp (NASDAQ:NTAP) last released its earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $1.91 EPS. NetApp’s quarterly revenue was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, sell-side analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp’s payout ratio is currently 34.78%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in NetApp by 2.5% in the second quarter. Vanguard Group Inc. now owns 27,728,118 shares of the data storage provider’s stock worth $2,954,431,000 after purchasing an additional 686,188 shares during the period. State Street Corp increased its stake in NetApp by 1.1% during the 4th quarter. State Street Corp now owns 10,192,354 shares of the data storage provider’s stock valued at $1,091,499,000 after buying an additional 115,451 shares during the period. Geode Capital Management LLC increased its stake in NetApp by 16.8% during the 2nd quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock valued at $756,665,000 after buying an additional 1,024,626 shares during the period. Wellington Management Group LLP increased its stake in NetApp by 17.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider’s stock valued at $582,296,000 after buying an additional 718,409 shares during the period. Finally, Norges Bank acquired a new stake in shares of NetApp in the 4th quarter worth approximately $458,060,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NTAP. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of NetApp in a research note on Wednesday, February 25th. Weiss Ratings upgraded shares of NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. UBS Group increased their target price on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Oppenheimer restated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Finally, Barclays lifted their price target on shares of NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetApp has a consensus rating of “Moderate Buy” and an average target price of $122.42.

Insider Activity

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the transaction, the executive vice president directly owned 20,075 shares in the company, valued at $2,076,758.75. This trade represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is owned by company insiders.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

About NetApp

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.