Sen. John Boozman Purchases Shares of NetApp, Inc. (NASDAQ:NTAP)

Key Points

• Sen. John Boozman disclosed buying between $1,001 and $15,000 of NetApp (NASDAQ:NTAP) shares on Feb. 27 (filing disclosed Mar. 6).
• NetApp beat estimates with $2.12 EPS vs. $2.07 expected and $1.71B revenue, provided Q4 2026 and FY2026 EPS guidance (2.210–2.310 and 7.920–8.020 respectively), and declared a quarterly $0.52 dividend (annualized yield ~2.1%).
• The stock opened around $101, is down about 1%, has a market cap near $19.94B, and carries an average analyst rating of "Moderate Buy" with a $122.42 average price target.

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 NASDAQ:NTAP opened at $101.06 on Friday. The firm has a market capitalization of $19.94 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 3.17 and a beta of 1.39. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $126.66. The firm has a fifty day moving average of $102.15 and a 200 day moving average of $110.97.

NetApp (NASDAQ:NTAP - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period last year, the business earned $1.91 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. 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, research analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. NetApp's dividend payout ratio is presently 34.78%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings upgraded NetApp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 27th. Northland Securities set a $137.00 price target on NetApp and gave the stock an "outperform" rating in a research note on Wednesday, November 26th. Wells Fargo & Company increased their price objective on NetApp from $100.00 to $115.00 and gave the company a "positive" rating in a research note on Wednesday, November 26th. UBS Group raised their price target on shares of NetApp from $114.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, November 26th. Finally, Wedbush restated a "neutral" rating and issued a $115.00 price objective on shares of NetApp in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.42.

Institutional Investors Weigh In On NetApp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC lifted its position in NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider's stock valued at $27,000 after buying an additional 115 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of NetApp in the 3rd quarter worth about $27,000. Park Square Financial Group LLC raised its stake in NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider's stock valued at $29,000 after buying an additional 103 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in NetApp in the fourth quarter worth $30,000. Finally, DV Equities LLC bought a new stake in NetApp in the fourth quarter worth $30,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NetApp

In other news, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.28% of the company's stock.

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.

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