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

NetApp, Inc. (NASDAQ:NTAP) EVP Elizabeth O’callahan sold 1,000 shares of NetApp stock in a transaction on Monday, October 12th. The stock was 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. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NetApp Stock Down 7.0%

Shares of NASDAQ NTAP opened at $222.20 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.24 and a quick ratio of 1.16. NetApp, Inc. has a 12-month low of $93.69 and a 12-month high of $240.87. The company has a market capitalization of $43.64 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.46. The firm’s 50-day moving average is $201.22 and its two-hundred day moving average is $162.19.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results 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 company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that NetApp, Inc. will post 8.32 EPS for the current fiscal year.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid 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 of this dividend is Friday, October 9th. NetApp’s dividend payout ratio is currently 29.34%.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp is expanding its role in enterprise AI infrastructure, highlighting AI-ready data platforms and optimized storage. The initiative could support longer-term demand for its storage and data-management products. NetApp Deepens Its Push Into Enterprise AI Infrastructure
• Positive Sentiment: Analysts have pointed to NetApp’s approximately $1.1 billion net cash position and strong cash generation as resources that can fund AI-related acquisitions and product development, although integration execution remains a risk. Will NetApp’s Strong Balance Sheet Support Its AI Expansion Strategy?
• Neutral Sentiment: NetApp showcased its AI-ready infrastructure at Ai Everything Abu Dhabi 2026, reinforcing its strategic focus on AI data workloads. However, commentary also suggested that much of the potential may already be reflected in the valuation. NetApp Showcased AI-Ready Data Infrastructure
• Negative Sentiment: Barclays downgraded NetApp, along with Dell and HPE, to Equal Weight. The firm reportedly sees no “meaningful AI inflection” yet and raised concerns about the timing and strength of enterprise AI spending, pressuring AI-related technology stocks. Dell, HPE and NetApp Slide After Barclays Downgrades
• Negative Sentiment: NetApp’s valuation appears demanding after its strong run, increasing sensitivity to any evidence that AI-driven growth will take longer to materialize. NetApp Stock May Be Fully Priced Despite Fresh AI Storage News
• Negative Sentiment: Executive Vice President Elizabeth O’Callahan sold 1,000 shares for approximately $237,420, reducing her holdings by 3.25%. The transaction is relatively small but may add modestly to near-term sentiment concerns. SEC Insider Trading Filing

Hedge Funds Weigh In On NetApp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of NetApp by 56.9% in the 3rd quarter. Fortitude Family Office LLC now owns 204 shares of the data storage provider’s stock valued at $43,000 after buying an additional 74 shares during the period. Assetmark Inc. grew its position in shares of NetApp by 3.0% during the 1st quarter. Assetmark Inc. now owns 3,540 shares of the data storage provider’s stock valued at $362,000 after buying an additional 104 shares during the last quarter. MRWM Advisors LLC grew its position in shares of NetApp by 1.8% during the 1st quarter. MRWM Advisors LLC now owns 6,794 shares of the data storage provider’s stock valued at $696,000 after buying an additional 122 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in NetApp by 2.4% during the first quarter. Frank Rimerman Advisors LLC now owns 5,578 shares of the data storage provider’s stock worth $571,000 after acquiring an additional 131 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in NetApp by 90.8% during the third quarter. Elevation Wealth Partners LLC now owns 292 shares of the data storage provider’s stock worth $61,000 after acquiring an additional 139 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NTAP. Wall Street Zen upgraded shares of NetApp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Wedbush lifted their price objective on NetApp from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $240.00 price target on shares of NetApp in a research report on Tuesday, October 6th. Evercore raised shares of NetApp from an “in-line” rating to an “outperform” rating and set a $300.00 target price on the stock in a research note on Wednesday, October 7th. Finally, Weiss Ratings raised shares of NetApp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetApp currently has an average rating of “Moderate Buy” and a consensus price target of $213.20.

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.