NetApp (NASDAQ:NTAP) Stock: Insider Elizabeth O'callahan Sells 1,000 Shares

Key Points

• NetApp EVP Elizabeth O’Callahan sold 1,000 shares at an average price of $237.42, totaling $237,420 and reducing her direct holdings by 3.25% to 29,737 shares.
• NetApp reported stronger-than-expected quarterly results, with EPS of $2.58 versus the $2.12 consensus and revenue of $2.02 billion, up 29.9% year over year.
• The company declared a quarterly dividend of $0.52 per share, or $2.08 annualized, while analysts maintain a consensus “Moderate Buy” rating with a $213.20 price target.

NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the business's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $237.42, for a total value of $237,420.00. Following the transaction, the executive vice president directly owned 29,737 shares of the company's stock, valued at $7,060,158.54. The trade was a 3.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NetApp Price Performance

NTAP traded down $16.81 on Wednesday, reaching $222.20. The company had a trading volume of 3,078,786 shares, compared to its average volume of 2,692,747. NetApp, Inc. has a 52-week low of $93.69 and a 52-week high of $240.87. The company has a market cap of $43.64 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 2.57 and a beta of 1.46. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.24. The business has a 50 day simple moving average of $200.51 and a 200 day simple moving average of $161.36.

NetApp (NASDAQ:NTAP - Get Free Report) last issued its quarterly earnings results 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 net margin of 19.18% and a return on equity of 119.13%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, sell-side analysts anticipate that NetApp, Inc. will post 8.32 EPS for the current year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 9th. NetApp's dividend payout ratio is presently 29.34%.

Wall Street Analyst Weigh In

NTAP has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded NetApp to an "overweight" rating in a research report on Wednesday, October 7th. Morgan Stanley increased their price target on shares of NetApp from $173.00 to $191.00 and gave the company an "equal weight" rating in a research report on Thursday, September 3rd. The Goldman Sachs Group reissued a "buy" rating and set a $240.00 price target on shares of NetApp in a research note on Tuesday, October 6th. Wells Fargo & Company upped their price objective on shares of NetApp from $180.00 to $190.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Finally, Argus set a $225.00 price objective on shares of NetApp in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.20.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp is expanding its role in enterprise AI infrastructure, promoting AI-optimized storage and data-management capabilities. CEO George Kurian highlighted the company’s AI-ready infrastructure at Ai Everything Abu Dhabi 2026, supporting the long-term growth narrative. NetApp Deepens Its Push Into Enterprise AI Infrastructure
• Positive Sentiment: NetApp’s approximately $1.1 billion net cash position and strong cash generation could help fund AI-related acquisitions, product development and innovation, although execution and integration remain important risks. NetApp’s Strong Balance Sheet and AI Expansion Strategy
• Neutral Sentiment: Arrow Electronics was named NetApp’s 2026 North America Distributor of the Year, indicating continued strength in the company’s partner and distribution network, but the announcement has limited immediate earnings implications. Arrow Electronics Recognized as NetApp Distributor of the Year
• Negative Sentiment: Barclays downgraded NetApp, Dell and HPE to Equal Weight, citing concerns that enterprise AI spending trends have not generated a “meaningful AI inflection.” The downgrade challenges expectations that AI demand will accelerate NetApp’s growth in the near term. Dell, HPE and NetApp Stocks Slump After Downgrades
• Negative Sentiment: Separate commentary suggested NetApp may already be fully valued despite its AI-storage initiatives, increasing the risk of profit-taking when analysts question the timing and scale of AI-related demand. NetApp Stock May Be Fully Priced Despite AI Storage News

Institutional Investors Weigh In On NetApp

Institutional investors have recently bought and sold shares of the stock. ProCore Advisors LLC bought a new position in NetApp during the 3rd quarter worth approximately $230,000. RHS Financial LLC bought a new stake in NetApp in the third quarter valued at approximately $451,000. Catalyst Private Wealth LLC bought a new stake in NetApp in the third quarter valued at approximately $243,000. Lincoln Capital Corp purchased a new stake in shares of NetApp during the third quarter valued at approximately $306,000. Finally, NorthCrest Asset Manangement LLC increased its position in shares of NetApp by 39.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 6,209 shares of the data storage provider's stock valued at $1,435,000 after acquiring an additional 1,750 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

NetApp Company 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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