NetApp, Inc. (NASDAQ:NTAP) Stock Has Consensus Target Price of $193.86 According to Brokerages

Shares of NetApp, Inc. (NASDAQ:NTAP) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $193.86.

Several equities research analysts recently commented on NTAP shares. Citigroup dropped their target price on NetApp from $209.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Wells Fargo & Company increased their price objective on shares of NetApp from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Susquehanna lifted their price objective on shares of NetApp from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Evercore set a $210.00 target price on shares of NetApp in a research report on Monday, August 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of NetApp in a research note on Friday, September 4th.

NetApp Stock Up 0.5%

Shares of NASDAQ NTAP opened at $197.24 on Tuesday. NetApp has a 12-month low of $93.69 and a 12-month high of $209.06. The company has a market cap of $38.74 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.08 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average price of $187.16 and a 200 day moving average price of $150.16.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data 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 return on equity of 119.13% and a net margin of 19.18%.The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. Research analysts anticipate that NetApp will post 8.32 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, October 9th. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. NetApp’s payout ratio is currently 29.34%.

Insider Buying and Selling

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $184.74, for a total value of $184,740.00. Following the transaction, the executive vice president owned 30,737 shares in the company, valued at approximately $5,678,353.38. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas Nevens sold 5,940 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $195.21, for a total value of $1,159,547.40. Following the completion of the transaction, the director directly owned 7,747 shares of the company’s stock, valued at $1,512,291.87. This represents a 43.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,524 shares of company stock worth $13,873,426 over the last quarter. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On NetApp

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of NetApp during the 2nd quarter valued at approximately $2,925,168,000. Primecap Management Co. CA acquired a new stake in NetApp in the second quarter valued at $1,395,423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NetApp by 9.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,444,057 shares of the data storage provider’s stock valued at $687,762,000 after acquiring an additional 383,701 shares in the last quarter. Norges Bank bought a new position in NetApp during the 4th quarter valued at $458,060,000. Finally, First Trust Advisors LP boosted its stake in NetApp by 127.0% during the 1st quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock valued at $374,549,000 after acquiring an additional 2,046,912 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp’s latest quarterly results showed substantial momentum: revenue rose nearly 30% year over year to approximately $2.03 billion, while adjusted EPS of $2.58 exceeded the $2.12 consensus estimate. Management also issued fiscal 2027 EPS guidance of $9.73–$10.03. NetApp Stock Gains After Strong Q1 Growth
• Positive Sentiment: Technical analysts identified an early buy trigger after NTAP found support at a key price level, reinforcing the bullish momentum following its earnings beat. NetApp Hits Early Buy Trigger
• Positive Sentiment: NetApp’s INSIGHT 2026 conference begins September 29 in Las Vegas. The event will include analyst and investor sessions with senior executives, creating potential catalysts from product announcements, cloud updates or additional financial commentary. Commvault’s participation also highlights ecosystem interest in NetApp’s platform. Commvault to Exhibit at NetApp Insight 2026
• Neutral Sentiment: NetApp continues to attract considerable investor attention, but the prevailing analyst consensus remains “Hold.” The consensus price target of about $193.86 is close to the current trading range, suggesting much of the positive outlook may already be reflected in the valuation. Zacks NetApp Investor Attention
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure. However, the figure may reflect a reporting or data anomaly rather than a meaningful change in investor positioning.
• Negative Sentiment: CEO George Kurian sold 13,000 shares for approximately $2.6 million, and Director Deepak Ahuja sold 3,450 shares for $690,000. Neither transaction changes NetApp’s operations, but insider selling can temper sentiment after a substantial rally. NetApp Director Stock Sale

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company’s portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.