NetApp’s (NTAP) “Neutral” Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of NetApp (NASDAQ:NTAP) in a research report report published on Wednesday morning,Benzinga reports. Wedbush currently has a $115.00 price objective on the data storage provider’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a research report on Thursday, January 22nd. UBS Group increased their target price on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Citigroup lowered their price objective on NetApp from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price target on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.69.

NetApp Stock Performance

Shares of NASDAQ:NTAP opened at $99.03 on Wednesday. The business has a 50-day moving average of $103.14 and a two-hundred day moving average of $111.27. The firm has a market capitalization of $19.61 billion, a PE ratio of 16.56, a P/E/G ratio of 3.44 and a beta of 1.38. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. NetApp has a 12 month low of $71.84 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP) last issued its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. NetApp had a return on equity of 122.76% and a net margin of 18.07%.The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, research analysts forecast that NetApp will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp’s payout ratio is 36.17%.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the sale, the executive vice president directly owned 20,075 shares of the company’s stock, valued at $2,076,758.75. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NetApp

A number of institutional investors have recently modified their holdings of NTAP. Abich Financial Wealth Management LLC acquired a new position in shares of NetApp in the third quarter worth $27,000. Rossby Financial LCC grew its stake in NetApp by 105.5% in the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Park Square Financial Group LLC increased its position in NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 103 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in NetApp in the 4th quarter worth about $30,000. Finally, DV Equities LLC purchased a new stake in shares of NetApp during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

More NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Q3 earnings beat and healthy top‑line: NetApp reported $2.12 EPS vs. $2.07 expected and $1.71B revenue (vs. $1.70B est.), with revenue up ~4.4% year/year — headlines credit AI‑ready infrastructure and strong all‑flash demand for the upside. NetApp Q3 Earnings Beat on Healthy Top-Line Growth
• Positive Sentiment: Raised guidance: Management bumped FY‑2026 EPS guidance to $7.92–8.02 (well above street) and Q4 EPS to $2.21–2.31, signaling confidence in AI and cloud momentum — a primary driver of upbeat market reactions. NetApp surges on earnings beat and raised guidance
• Positive Sentiment: Dividend boost: NetApp declared a $0.52 quarterly dividend (annualized yield ~2.1%), with record/ex‑dividend dates set — supports the income case and signals capital‑allocation discipline.
• Neutral Sentiment: Forward revenue target: Management outlined an ~8% Q4 revenue growth target and highlighted accelerating AI/cloud subscription demand — positive if achieved, but forward guidance carries execution risk. NetApp outlines 8% Q4 revenue growth target
• Neutral Sentiment: Call details and metrics: Conference call, slide deck and transcripts provide detail on margin drivers, product mix (all‑flash, AI infra, cloud subs) and customer traction — useful for modeling but not an immediate directional catalyst. NetApp Q3 2026 Earnings Call Highlights Q3 Earnings Call Transcript
• Negative Sentiment: Strategic/valuation questions: Analysts and pieces are probing whether NetApp’s push toward AI‑focused cloud subscriptions materially changes its margin profile and valuation — that uncertainty may cap near‑term multiple expansion despite the beat. Is NetApp’s Shift Toward AI-Focused Cloud Subscriptions Altering The Investment Case?

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.