NetApp, Inc. (NASDAQ:NTAP – Get Free Report)’s stock price was down 7.3% during mid-day trading on Tuesday . The company traded as low as $97.53 and last traded at $96.2860. Approximately 464,817 shares were traded during trading, a decline of 78% from the average daily volume of 2,070,587 shares. The stock had previously closed at $103.84.
NetApp News Summary
Here are the key news stories impacting NetApp this week:
- Positive Sentiment: Market rebound / short?covering helped shares recover after the earlier pullback; Zacks highlights the stock outpacing the market in the latest session, suggesting intraday buying interest. NetApp (NTAP) Laps the Stock Market: Here’s Why
- Positive Sentiment: Analyst/commentary pieces argue NetApp remains a value name for long?term investors (attractive valuation metrics and durable cash flow profile), supporting buying interest after the dip. Why NetApp (NTAP) is a top value stock for the long term Why NetApp (NTAP) is a Top Value Stock for the Long-Term
- Neutral Sentiment: Upcoming quarterly results are a near?term catalyst; previews expect low single?digit profit growth, so the report and guidance will likely drive the next leg of movement. NetApp Earnings Preview: What to Expect
- Neutral Sentiment: Coverage about a subtle shift in board messaging and a “customer?led cloud” emphasis signals strategic repositioning; important for longer?term narrative but unlikely to change earnings imminently. Is NetApp’s (NTAP) New Board Voice a Subtle Pivot in Its Customer-Led Cloud Strategy?
- Negative Sentiment: New sell rating from an investment firm is a clear near?term headwind — analyst downgrades and lower price targets pressured the stock and likely triggered the earlier sharp decline. New Sell Rating for NetApp (NTAP), the Technology Giant
- Negative Sentiment: Multiple outlets report the stock fell roughly 9% earlier this week after a downgrade and price?target cut — that markdown is the proximate cause of the recent volatility and sets a lower short?term reference point for traders. NetApp (NTAP) Tumbles 9% on Downgraded Rating, Price Target NetApp (NTAP) Tumbles 9% on Downgraded Rating, Price Target (InsiderMonkey)
Analysts Set New Price Targets
A number of research firms have weighed in on NTAP. Wedbush restated a “neutral” rating and set a $110.00 price objective on shares of NetApp in a research report on Friday, October 10th. Wells Fargo & Company boosted their target price on shares of NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research note on Wednesday, November 26th. Bank of America upped their price target on shares of NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NetApp in a report on Wednesday, October 8th. Finally, Northland Securities set a $137.00 price objective on NetApp and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.33.
NetApp Price Performance
The firm has a market capitalization of $19.66 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.38. The stock’s 50 day simple moving average is $109.22 and its two-hundred day simple moving average is $112.11. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.30 and a current ratio of 1.34.
NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.88 by $0.17. The firm had revenue of $1.71 billion during 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%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last 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, sell-side analysts forecast that NetApp, Inc. will post 5.89 EPS for the current year.
NetApp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. NetApp’s payout ratio is 36.17%.
Insider Activity
In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 21,075 shares in the company, valued at approximately $2,223,201.75. This 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 this link. Also, CAO Lorenzo Daniel De sold 327 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $107.48, for a total value of $35,145.96. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,654 shares of company stock worth $175,782 over the last quarter. 0.28% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On NetApp
Large investors have recently modified their holdings of the business. Rossby Financial LCC raised its holdings in NetApp by 105.5% in the 3rd 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 position in NetApp during the third quarter worth about $27,000. Harbour Investments Inc. increased its position in shares of 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 acquiring an additional 190 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NetApp in the 2nd quarter valued at approximately $28,000. Finally, CVA Family Office LLC lifted its holdings in shares of NetApp by 300.0% in the 2nd quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.
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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