NetApp, Inc. $NTAP Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its NetApp stake by 214.6% in the third quarter, owning 7,727 shares valued at approximately $1.62 million. Institutional investors collectively hold 92.17% of NTAP’s outstanding shares.
• NetApp reported a strong quarter, with earnings of $2.58 per share and revenue of $2.02 billion, beating estimates and increasing revenue 29.9% year over year. The company also issued fiscal 2027 EPS guidance of $9.73–$10.03.
• Analysts maintain a “Moderate Buy” consensus with a $213.20 average price target, while concerns remain about NetApp’s demanding valuation and the uncertain timing of AI-driven growth. Barclays downgraded the stock to Equal Weight, and company insiders have sold shares in recent months.

Farther Finance Advisors LLC raised its holdings in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 214.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,727 shares of the data storage provider's stock after buying an additional 5,271 shares during the period. Farther Finance Advisors LLC's holdings in NetApp were worth $1,623,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NTAP. Roble Belko & Company Inc bought a new position in NetApp during the 1st quarter valued at $31,000. West Financial Advisors LLC acquired a new position in NetApp during the 2nd quarter worth $37,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NetApp in the 4th quarter worth about $51,000. Bell Investment Advisors Inc bought a new stake in shares of NetApp in the 2nd quarter worth about $55,000. Finally, Elevation Wealth Partners LLC increased its position in shares of NetApp by 90.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 292 shares of the data storage provider's stock worth $61,000 after purchasing an additional 139 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp is expanding its role in enterprise AI infrastructure, highlighting AI-ready data platforms and optimized storage. The initiative could support longer-term demand for its storage and data-management products. NetApp Deepens Its Push Into Enterprise AI Infrastructure
• Positive Sentiment: Analysts have pointed to NetApp’s approximately $1.1 billion net cash position and strong cash generation as resources that can fund AI-related acquisitions and product development, although integration execution remains a risk. Will NetApp’s Strong Balance Sheet Support Its AI Expansion Strategy?
• Neutral Sentiment: NetApp showcased its AI-ready infrastructure at Ai Everything Abu Dhabi 2026, reinforcing its strategic focus on AI data workloads. However, commentary also suggested that much of the potential may already be reflected in the valuation. NetApp Showcased AI-Ready Data Infrastructure
• Negative Sentiment: Barclays downgraded NetApp, along with Dell and HPE, to Equal Weight. The firm reportedly sees no “meaningful AI inflection” yet and raised concerns about the timing and strength of enterprise AI spending, pressuring AI-related technology stocks. Dell, HPE and NetApp Slide After Barclays Downgrades
• Negative Sentiment: NetApp’s valuation appears demanding after its strong run, increasing sensitivity to any evidence that AI-driven growth will take longer to materialize. NetApp Stock May Be Fully Priced Despite Fresh AI Storage News
• Negative Sentiment: Executive Vice President Elizabeth O’Callahan sold 1,000 shares for approximately $237,420, reducing her holdings by 3.25%. The transaction is relatively small but may add modestly to near-term sentiment concerns. SEC Insider Trading Filing

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NTAP shares. Morgan Stanley increased their target price on shares of NetApp from $173.00 to $191.00 and gave the stock an "equal weight" rating in a report on Thursday, September 3rd. TD Cowen boosted their price objective on shares of NetApp from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Bank of America increased their price objective on shares of NetApp from $200.00 to $220.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 30th. Evercore raised shares of NetApp from an "in-line" rating to an "outperform" rating and set a $300.00 target price on the stock in a report on Wednesday, October 7th. Finally, Wedbush raised their target price on shares of NetApp from $150.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $213.20.

Insider Transactions at NetApp

In other news, CEO George Kurian sold 10,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $210.04, for a total transaction of $2,100,400.00. Following the completion of the transaction, the chief executive officer directly owned 208,537 shares in the company, valued at $43,801,111.48. This represents a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth O'Callahan sold 1,000 shares of the company's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $237.42, for a total transaction of $237,420.00. Following the completion of the transaction, the executive vice president owned 29,737 shares in the company, valued at approximately $7,060,158.54. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 173,524 shares of company stock worth $35,018,126. 0.36% of the stock is currently owned by company insiders.

NetApp Stock Performance

Shares of NASDAQ NTAP opened at $222.20 on Thursday. The business's 50-day moving average price is $201.22 and its two-hundred day moving average price is $162.19. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.24 and a quick ratio of 1.16. NetApp, Inc. has a one year low of $93.69 and a one year high of $240.87. The company has a market capitalization of $43.64 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.46.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.46. NetApp had a return on equity of 119.13% and a net margin of 19.18%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The firm's revenue for the quarter was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. Analysts anticipate that NetApp, Inc. will post 8.32 earnings per share for the current fiscal year.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 9th. NetApp's dividend payout ratio (DPR) is presently 29.34%.

NetApp Profile

NetApp, Inc develops intelligent data infrastructure and data management solutions for enterprises, service providers, and government organizations. The company helps customers store, manage, protect, and access data across on-premises environments, private clouds, public clouds, and hybrid multicloud infrastructures.

Its portfolio includes enterprise storage systems, all-flash arrays, cloud-connected storage, object storage, and data management software. NetApp's offerings include the ONTAP data management operating system, AFF and ASA storage systems, StorageGRID object storage, and BlueXP, a platform designed to help customers manage data and storage resources across multiple environments.

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