Zacks Research Estimates NetApp's Q3 Earnings (NASDAQ:NTAP)

Key Points

• Zacks Research has reduced its Q3 2026 earnings estimate for NetApp from $1.66 to $1.64 per share, while the full-year earnings projection is set at $5.89 per share.
• Analysts have varied price targets for NetApp's stock, with Bank of America and Barclays both raising their targets to $125, while Wells Fargo cut its target to $100.
• NetApp has declared a quarterly dividend of $0.52 per share, which will be paid on October 22nd, reflecting a dividend yield of 1.7%.

NetApp, Inc. (NASDAQ:NTAP - Free Report) - Analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for shares of NetApp in a research note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now anticipates that the data storage provider will earn $1.64 per share for the quarter, down from their prior estimate of $1.66. The consensus estimate for NetApp's current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp's Q4 2026 earnings at $1.79 EPS and FY2026 earnings at $6.15 EPS.

Other equities research analysts also recently issued reports about the company. Northland Securities lifted their price objective on NetApp from $119.00 to $120.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Citigroup raised their price target on shares of NetApp from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Monday, August 11th. Barclays boosted their price objective on shares of NetApp from $117.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Morgan Stanley set a $117.00 target price on shares of NetApp in a report on Thursday, August 28th. Finally, UBS Group lifted their target price on shares of NetApp from $108.00 to $114.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $124.07.

NetApp Stock Down 0.4%

Shares of NetApp stock traded down $0.55 on Monday, reaching $124.61. The company's stock had a trading volume of 1,512,708 shares, compared to its average volume of 2,517,637. NetApp has a 52 week low of $71.84 and a 52 week high of $135.45. The firm's fifty day simple moving average is $111.36 and its two-hundred day simple moving average is $100.82. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.73 and a beta of 1.46.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Manchester Capital Management LLC grew its holdings in NetApp by 375.0% during the 1st quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider's stock valued at $25,000 after buying an additional 225 shares in the last quarter. 1248 Management LLC bought a new position in shares of NetApp during the 1st quarter valued at approximately $25,000. Harbour Investments Inc. raised its stake in NetApp by 287.9% during the second quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in NetApp during the second quarter valued at $28,000. Finally, Olde Wealth Management LLC purchased a new stake in NetApp during the first quarter valued at $29,000. Hedge funds and other institutional investors own 92.17% of the company's stock.

Insider Buying and Selling at NetApp

In related news, CEO George Kurian sold 8,750 shares of NetApp stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the transaction, the chief executive officer owned 274,938 shares in the company, valued at approximately $33,792,629.58. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $123.67, for a total value of $123,670.00. Following the sale, the executive vice president directly owned 23,628 shares in the company, valued at approximately $2,922,074.76. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,750 shares of company stock worth $3,255,778 over the last 90 days. Insiders own 0.28% of the company's stock.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. NetApp's dividend payout ratio is 36.75%.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.