NetApp, Inc. $NTAP Stock Position Lifted by Monument Capital Management

Monument Capital Management raised its holdings in NetApp, Inc. (NASDAQ:NTAP) by 16.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,791 shares of the data storage provider’s stock after purchasing an additional 2,399 shares during the quarter. Monument Capital Management’s holdings in NetApp were worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in NetApp in the second quarter valued at about $2,210,000. Plato Investment Management Ltd purchased a new stake in shares of NetApp during the 2nd quarter worth approximately $1,571,000. Bank of America Corp DE purchased a new stake in shares of NetApp during the 2nd quarter worth approximately $235,682,000. Insight Wealth Strategies LLC bought a new stake in shares of NetApp in the 2nd quarter worth approximately $5,845,000. Finally, Lombard Odier Asset Management Switzerland SA bought a new stake in shares of NetApp in the 1st quarter worth approximately $1,107,000. 92.17% of the stock is currently owned by institutional investors.

Insider Transactions at NetApp

In related news, President Cesar Cernuda sold 2,608 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $204.48, for a total value of $533,283.84. Following the sale, the president owned 46,530 shares in the company, valued at approximately $9,514,454.40. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurian sold 50,000 shares of NetApp stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $209.95, for a total value of $10,497,500.00. Following the sale, the chief executive officer directly owned 218,537 shares of the company’s stock, valued at $45,881,843.15. This represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 172,524 shares of company stock valued at $34,780,706. Corporate insiders own 0.36% of the company’s stock.

NetApp Trading Down 2.0%

Shares of NetApp stock opened at $231.05 on Friday. The company’s 50-day moving average price is $197.24 and its 200-day moving average price is $158.51. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. NetApp, Inc. has a 12-month low of $93.69 and a 12-month high of $238.07. The company has a market cap of $45.38 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.54 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 EPS for the quarter, beating the consensus estimate of $2.12 by $0.46. NetApp had a net margin of 19.18% and a return on equity of 119.13%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. NetApp’s revenue for the quarter was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. On average, equities analysts expect that NetApp, Inc. will post 8.32 earnings per share for the current fiscal year.

NetApp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 9th. NetApp’s payout ratio is 29.34%.

Analyst Ratings Changes

NTAP has been the subject of several research reports. Barclays increased their price objective on NetApp from $199.00 to $219.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Morgan Stanley upped their price target on NetApp from $173.00 to $191.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Argus set a $225.00 price target on NetApp in a research note on Friday, September 11th. Wall Street Zen raised NetApp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Finally, Loop Capital set a $300.00 price objective on NetApp in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Analyst upgrades support the outlook. Evercore upgraded NetApp, while Loop Capital raised its price target from $215 to $260 and maintained a Buy rating. Analysts cited strong execution, AI-related storage demand and growth potential without requiring major new products. NetApp stock scores analyst upgrade to buy after big rally
• Positive Sentiment: Cloud partnerships could expand NetApp’s addressable market. AWS Transform now supports migrating NetApp ONTAP block-storage data directly to Amazon FSx alongside compute and networking workloads, potentially simplifying cloud adoption. NetApp also partnered with Oracle on a fully managed cloud-storage service. Can AWS Transform Make NetApp the Default Storage Landing Zone in the Cloud?
• Positive Sentiment: Fundamentals remain strong. NetApp’s latest reported quarter exceeded earnings and revenue expectations, with revenue up 29.9% year over year. AI-driven demand, all-flash storage growth and cloud expansion remain key parts of the bullish case.
• Neutral Sentiment: Dividend record date is approaching. NetApp declared a quarterly dividend of $0.52 per share, with a 0.9% indicated yield and an October 9 ex-dividend date. The payment may support income-oriented demand but is unlikely to materially change the growth-stock narrative.
• Negative Sentiment: Valuation and momentum risks are elevated. Commentary highlights a premium valuation, possible margin pressure and an RSI above 70, suggesting the stock may be overbought after its sharp advance. The average analyst price target of about $204.53 is below recent trading levels, adding to downside risk. NetApp up 147% in the past six months
• Negative Sentiment: Insider selling adds a cautionary signal. Director Carrie Palin sold 5,000 shares, while CEO George Kurian reportedly sold 10,000 shares. These transactions do not necessarily indicate deteriorating fundamentals, but they can weigh on sentiment after a major rally.

NetApp Company Profile

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.