NetApp, Inc. (NASDAQ:NTAP) Given Average Rating of "Hold" by Brokerages

Key Points

• NetApp has a consensus analyst rating of Hold from 15 brokerages (10 hold, 4 buy, 1 strong buy) with an average 12‑month target price of $120.75.
• NetApp beat recent quarterly expectations with $2.12 EPS vs. $2.07 and $1.71B revenue vs. $1.70B, and provided guidance of 2.210–2.310 EPS for Q4 2026 and 7.920–8.020 EPS for FY2026 while paying a quarterly dividend of $0.52 (≈1.9% yield).
• Insiders sold 3,000 shares in the past three months (including 1,000 by an EVP on April 10), representing 0.28% insider ownership, while institutional investors hold 92.17% of the stock.

NetApp, Inc. (NASDAQ:NTAP - Get Free Report) has been assigned a consensus rating of "Hold" from the fifteen brokerages that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $120.75.

A number of analysts recently weighed in on NTAP shares. The Goldman Sachs Group started coverage on shares of NetApp in a research report on Tuesday, January 13th. They issued a "buy" rating and a $128.00 price target on the stock. Wall Street Zen cut NetApp from a "buy" rating to a "hold" rating in a report on Sunday, April 19th. Weiss Ratings cut NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 13th. Citigroup increased their target price on NetApp from $110.00 to $114.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. cut NetApp from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $125.00 to $110.00 in a research note on Thursday, April 16th.

Insider Transactions at NetApp

In related news, EVP Elizabeth M. O'callahan sold 1,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the sale, the executive vice president directly owned 19,382 shares of the company's stock, valued at approximately $1,865,517.50. This represents a 4.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 3,000 shares of company stock worth $300,370. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of NetApp

A number of large investors have recently bought and sold shares of the business. Deprince Race & Zollo Inc. increased its stake in NetApp by 13.4% during the 1st quarter. Deprince Race & Zollo Inc. now owns 119,130 shares of the data storage provider's stock worth $12,198,000 after purchasing an additional 14,037 shares in the last quarter. USS Investment Management Ltd increased its stake in NetApp by 5.5% during the 1st quarter. USS Investment Management Ltd now owns 49,711 shares of the data storage provider's stock worth $5,090,000 after purchasing an additional 2,575 shares in the last quarter. IFM Investors Pty Ltd increased its stake in NetApp by 5.2% during the 1st quarter. IFM Investors Pty Ltd now owns 62,270 shares of the data storage provider's stock worth $6,376,000 after purchasing an additional 3,102 shares in the last quarter. iA Global Asset Management Inc. increased its stake in NetApp by 12.2% during the 1st quarter. iA Global Asset Management Inc. now owns 24,890 shares of the data storage provider's stock worth $2,548,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in NetApp during the 1st quarter worth approximately $257,000. 92.17% of the stock is owned by institutional investors.

NetApp Stock Performance

Shares of NASDAQ:NTAP opened at $108.71 on Friday. The company has a market capitalization of $21.45 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 3.36 and a beta of 1.30. The firm's 50 day simple moving average is $101.66 and its 200 day simple moving average is $106.98. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. NetApp has a fifty-two week low of $86.70 and a fifty-two week high of $126.66.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.05. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. NetApp's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, sell-side analysts forecast that NetApp will post 6.48 earnings per share for the current year.

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, April 2nd. NetApp's dividend payout ratio is presently 34.78%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.