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

NetApp, Inc. (NASDAQ:NTAP) has been assigned an average rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $179.7692.

Several research analysts have weighed in on NTAP shares. Barclays upped their target price on shares of NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Northland Securities upped their price target on NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Wall Street Zen cut NetApp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on NetApp from $110.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company upped their target price on NetApp from $115.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 29th.

NetApp Trading Down 1.7%

NASDAQ:NTAP opened at $190.64 on Friday. The stock has a fifty day moving average price of $175.36 and a two-hundred day moving average price of $137.69. The stock has a market capitalization of $37.41 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.45 and a beta of 1.45. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. NetApp has a 1 year low of $93.69 and a 1 year high of $209.06.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $1.93 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NetApp will post 7.34 earnings per share for the current fiscal year.

Key NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp was named a Leader in Gartner’s 2026 Magic Quadrant for Enterprise Storage Platforms and ranked first for the Hybrid Cloud Storage Use Case. The recognition could support customer confidence and strengthen NetApp’s competitive position. NetApp Named a Leader in the 2026 Gartner Magic Quadrant for Enterprise Storage Platforms
• Positive Sentiment: Analyst commentary highlighted momentum in NetApp’s Public Cloud business, driven by hyperscaler storage demand. Strong margins could create operating leverage as cloud revenue expands. Will NetApp’s Public Cloud Business Maintain Its Growth Momentum?
• Positive Sentiment: Technical coverage noted that NTAP recently moved above its 20-day moving average, a signal that could indicate improving short-term momentum and technical support. NetApp Just Overtook the 20-Day Moving Average
• Neutral Sentiment: NetApp plans to participate in upcoming investor conferences, which may provide management with an opportunity to discuss demand, cloud growth and its outlook, but no new financial information was announced. NetApp to Participate in Upcoming Conferences
• Neutral Sentiment: Comparisons with Super Micro Computer focused on relative valuation and investment appeal, offering context for investors but no company-specific change to NetApp’s fundamentals. SMCI vs. NTAP: Which Stock Is the Better Value Option?
• Negative Sentiment: The stock declined despite a stronger market session, indicating possible profit-taking or concern that its elevated valuation already reflects much of the expected growth. NetApp’s latest reported quarter also included an earnings-per-share miss, despite revenue exceeding estimates, which may keep investors focused on execution. NetApp Stock Falls Amid Market Uptick

Insiders Place Their Bets

In other news, CAO Lorenzo Daniel De sold 225 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the completion of the transaction, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at $186,488.10. This trade represents a 17.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $193.82, for a total value of $193,820.00. Following the completion of the sale, the executive vice president directly owned 30,297 shares in the company, valued at approximately $5,872,164.54. The trade was a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 55,297 shares of company stock worth $8,758,016. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On NetApp

Hedge funds have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new stake in shares of NetApp in the fourth quarter worth approximately $14,869,000. Norges Bank acquired a new position in NetApp in the fourth quarter valued at $458,060,000. Handelsbanken Fonder AB boosted its holdings in NetApp by 106.8% in the fourth quarter. Handelsbanken Fonder AB now owns 262,732 shares of the data storage provider’s stock valued at $28,136,000 after acquiring an additional 135,715 shares during the last quarter. National Pension Service grew its position in NetApp by 13.6% during the fourth quarter. National Pension Service now owns 180,917 shares of the data storage provider’s stock valued at $19,374,000 after acquiring an additional 21,643 shares during the period. Finally, Swedbank AB grew its position in NetApp by 22.0% during the fourth quarter. Swedbank AB now owns 97,086 shares of the data storage provider’s stock valued at $10,397,000 after acquiring an additional 17,520 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.

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.