NetApp (NASDAQ:NTAP) EVP Elizabeth O’callahan Sells 1,000 Shares of Stock

NetApp, Inc. (NASDAQ:NTAP) EVP Elizabeth O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $237.42, for a total value of $237,420.00. Following the transaction, the executive vice president directly owned 29,737 shares of the company’s stock, valued at $7,060,158.54. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NetApp Trading Down 7.0%

NASDAQ NTAP traded down $16.81 on Wednesday, hitting $222.20. The company’s stock had a trading volume of 3,078,786 shares, compared to its average volume of 2,692,747. NetApp, Inc. has a 52-week low of $93.69 and a 52-week high of $240.87. 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 company’s 50-day simple moving average is $200.51 and its 200 day simple moving average is $161.36. The firm has a market cap of $43.64 billion, a P/E ratio of 31.34, a PEG ratio of 2.57 and a beta of 1.46.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $1.15 EPS. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. 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 predict that NetApp, Inc. will post 8.32 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. NetApp’s dividend payout ratio (DPR) is presently 29.34%.

Hedge Funds Weigh In On NetApp

Institutional investors have recently added to or reduced their stakes in the company. West Financial Advisors LLC bought a new position in shares of NetApp during the second quarter valued at $37,000. Elevation Wealth Partners LLC boosted its stake in NetApp by 90.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 292 shares of the data storage provider’s stock worth $61,000 after purchasing an additional 139 shares in the last quarter. Roble Belko & Company Inc bought a new position in NetApp in the 1st quarter worth about $31,000. Bell Investment Advisors Inc purchased a new stake in NetApp during the 2nd quarter valued at about $55,000. Finally, Compass Financial Management LLC bought a new position in shares of NetApp in the second quarter worth approximately $70,000. Institutional investors own 92.17% of the company’s stock.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp is expanding its role in enterprise AI infrastructure, promoting AI-optimized storage and data-management capabilities. CEO George Kurian highlighted the company’s AI-ready infrastructure at Ai Everything Abu Dhabi 2026, supporting the long-term growth narrative. NetApp Deepens Its Push Into Enterprise AI Infrastructure
• Positive Sentiment: NetApp’s approximately $1.1 billion net cash position and strong cash generation could help fund AI-related acquisitions, product development and innovation, although execution and integration remain important risks. NetApp’s Strong Balance Sheet and AI Expansion Strategy
• Neutral Sentiment: Arrow Electronics was named NetApp’s 2026 North America Distributor of the Year, indicating continued strength in the company’s partner and distribution network, but the announcement has limited immediate earnings implications. Arrow Electronics Recognized as NetApp Distributor of the Year
• Negative Sentiment: Barclays downgraded NetApp, Dell and HPE to Equal Weight, citing concerns that enterprise AI spending trends have not generated a “meaningful AI inflection.” The downgrade challenges expectations that AI demand will accelerate NetApp’s growth in the near term. Dell, HPE and NetApp Stocks Slump After Downgrades
• Negative Sentiment: Separate commentary suggested NetApp may already be fully valued despite its AI-storage initiatives, increasing the risk of profit-taking when analysts question the timing and scale of AI-related demand. NetApp Stock May Be Fully Priced Despite AI Storage News

Analysts Set New Price Targets

A number of research analysts have issued reports on NTAP shares. Barclays downgraded shares of NetApp from an “overweight” rating to an “equal weight” rating and set a $219.00 price objective on the stock. in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $240.00 target price on shares of NetApp in a research note on Tuesday, October 6th. UBS Group boosted their price target on shares of NetApp from $160.00 to $171.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Susquehanna increased their price target on shares of NetApp from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley increased their price target on shares of NetApp from $173.00 to $191.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

About NetApp

NetApp, Inc develops intelligent data infrastructure and data management solutions for enterprises, service providers, and government organizations. The company helps customers store, manage, protect, and access data across on-premises environments, private clouds, public clouds, and hybrid multicloud infrastructures.

Its portfolio includes enterprise storage systems, all-flash arrays, cloud-connected storage, object storage, and data management software. NetApp’s offerings include the ONTAP data management operating system, AFF and ASA storage systems, StorageGRID object storage, and BlueXP, a platform designed to help customers manage data and storage resources across multiple environments.