Insider Selling: NetApp (NASDAQ:NTAP) EVP Sells 1,000 Shares of Stock

Key Points

• NetApp EVP Elizabeth O'Callahan sold 1,000 shares on Jan. 12 at an average price of $105.49 for proceeds of $105,490, reducing her stake by 4.53% to 21,075 shares; the trade was disclosed in an SEC filing.
• Strong quarterly results and guidance: NetApp reported EPS of $2.05 (vs. $1.88 expected) and revenue of $1.71B (vs. $1.69B), set FY2026 EPS guidance of $7.75–8.05, and announced a $0.52 quarterly dividend (annualized $2.08, yield ~1.9%).
• Analysts have an average rating of "Moderate Buy" with a mean price target of $124.33; the stock trades near $107.67 with a market cap around $21.3B and a P/E of about 18.7.

NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of NetApp stock in a transaction on Monday, January 12th. The stock was sold at an average price of $105.49, for a total value of $105,490.00. Following the sale, the executive vice president owned 21,075 shares of the company's stock, valued at approximately $2,223,201.75. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NetApp Trading Up 0.4%

NTAP stock traded up $0.39 during mid-day trading on Wednesday, reaching $107.67. The company had a trading volume of 2,171,337 shares, compared to its average volume of 2,162,504. The company has a market capitalization of $21.33 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.38. The firm has a 50 day moving average of $110.66 and a 200 day moving average of $112.44. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $127.78. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.17. The company had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.69 billion. NetApp had a return on equity of 121.28% and a net margin of 17.73%.NetApp's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 earnings per share. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. On average, equities analysts predict 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, January 21st. Investors of record on Friday, January 2nd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, January 2nd. NetApp's payout ratio is presently 36.17%.

Institutional Trading of NetApp

Institutional investors have recently made changes to their positions in the business. Epoch Investment Partners Inc. boosted its holdings in NetApp by 3.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,810,772 shares of the data storage provider's stock valued at $192,938,000 after purchasing an additional 66,045 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in NetApp in the second quarter valued at approximately $1,044,000. Patton Fund Management Inc. purchased a new position in NetApp in the second quarter worth approximately $265,000. Swiss National Bank increased its stake in NetApp by 9.0% during the second quarter. Swiss National Bank now owns 624,800 shares of the data storage provider's stock worth $66,572,000 after acquiring an additional 51,400 shares during the last quarter. Finally, Aurora Investment Counsel purchased a new stake in NetApp in the second quarter valued at $2,337,000. Institutional investors and hedge funds own 92.17% of the company's stock.

Analysts Set New Price Targets

NTAP has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of NetApp from $100.00 to $115.00 and gave the company a "positive" rating in a research report on Wednesday, November 26th. William Blair reissued a "market perform" rating on shares of NetApp in a report on Thursday, October 16th. Wedbush reissued a "neutral" rating and issued a $110.00 price objective on shares of NetApp in a research note on Friday, October 10th. Bank of America upped their target price on NetApp from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Wednesday, November 26th. Finally, Northland Capmk upgraded NetApp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $124.33.

NetApp Company 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.

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