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 NetApp stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total transaction of $100,670.00. Following the completion of the transaction, the executive vice president directly owned 20,382 shares in the company, valued at approximately $2,051,855.94. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NetApp Trading Up 2.3%

Shares of NASDAQ NTAP traded up $2.25 during trading hours on Friday, hitting $99.18. The company’s stock had a trading volume of 602,784 shares, compared to its average volume of 2,446,028. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 3.02 and a beta of 1.39. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The business has a 50-day simple moving average of $101.35 and a 200-day simple moving average of $110.67.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.NetApp’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, analysts anticipate that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be issued a $0.52 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.08 annualized dividend and a yield of 2.1%. NetApp’s payout ratio is 34.78%.

Institutional Investors Weigh In On NetApp

Several hedge funds have recently bought and sold shares of NTAP. Corient Private Wealth LLC grew its stake in shares of NetApp by 4.3% in the 4th quarter. Corient Private Wealth LLC now owns 50,360 shares of the data storage provider’s stock worth $5,393,000 after buying an additional 2,069 shares during the last quarter. Hsbc Holdings PLC raised its stake in NetApp by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 845,036 shares of the data storage provider’s stock valued at $90,556,000 after buying an additional 197,922 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in NetApp by 1,371.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,692 shares of the data storage provider’s stock worth $288,000 after acquiring an additional 2,509 shares in the last quarter. Tobam boosted its holdings in NetApp by 854.7% in the fourth quarter. Tobam now owns 8,926 shares of the data storage provider’s stock worth $956,000 after acquiring an additional 7,991 shares in the last quarter. Finally, Kera Capital Partners Inc. grew its stake in shares of NetApp by 10.0% in the fourth quarter. Kera Capital Partners Inc. now owns 2,813 shares of the data storage provider’s stock worth $301,000 after acquiring an additional 255 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

NTAP has been the subject of several research analyst reports. Northland Securities set a $137.00 target price on shares of NetApp and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price target 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. UBS Group raised their price objective on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings upgraded NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Finally, Barclays raised their target price on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.42.

Trending Headlines about NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Northland Securities raised its FY2026 and FY2027 EPS forecasts and boosted several quarterly estimates, including Q4 2026 and Q3–Q4 2027, while reiterating a “Strong‑Buy” rating — the firm now models higher full‑year earnings, which supports upward revisions to expectations and likely underpins buying interest. Northland Research Note (MarketBeat)
• Neutral Sentiment: A recent article notes NTAP has underperformed the Nasdaq over the past year, but analysts remain cautiously optimistic — this highlights valuation/relative‑performance concerns even as fundamental outlooks improve. Is NetApp Stock Underperforming the Nasdaq?
• Neutral Sentiment: An insider sale: EVP Elizabeth O’Callahan sold 1,000 shares (~$100.7k) on March 10 (a small reduction in her holdings). The size and company role make this a monitoring item but not a clear signal of negative company prospects. Insider Sale Filing

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.