Equities Analysts Offer Predictions for NetApp Q1 Earnings

NetApp, Inc. (NASDAQ:NTAP) – Investment analysts at William Blair issued their Q1 2027 earnings per share estimates for shares of NetApp in a research note issued to investors on Wednesday, November 26th. William Blair analyst J. Ader forecasts that the data storage provider will post earnings of $1.49 per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. William Blair also issued estimates for NetApp’s Q2 2027 earnings at $1.79 EPS, Q3 2027 earnings at $1.93 EPS and Q4 2027 earnings at $2.09 EPS.

A number of other equities research analysts have also issued reports on NTAP. Citigroup reduced their target price on NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Argus reissued a “buy” rating and issued a $130.00 price target on shares of NetApp in a report on Friday, August 29th. Wells Fargo & Company upped their price objective on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. Morgan Stanley set a $117.00 price objective on NetApp in a research report on Thursday, August 28th. Finally, Bank of America boosted their target price on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

NetApp Stock Up 0.6%

NTAP stock opened at $112.27 on Monday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.31 and a quick ratio of 1.28. The company’s 50 day simple moving average is $115.25 and its 200-day simple moving average is $110.48. NetApp has a 12 month low of $71.84 and a 12 month high of $131.30. The firm has a market capitalization of $22.24 billion, a PE ratio of 19.84, a P/E/G ratio of 2.48 and a beta of 1.46.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.17. NetApp had a net margin of 17.77% and a return on equity of 123.24%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $1.87 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS. Q3 2026 guidance at 2.010-2.110 EPS.

Institutional Investors Weigh In On NetApp

A number of institutional investors have recently added to or reduced their stakes in NTAP. Avantax Advisory Services Inc. lifted its stake in shares of NetApp by 33.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,637 shares of the data storage provider’s stock valued at $407,000 after purchasing an additional 1,155 shares in the last quarter. US Bancorp DE raised its holdings in NetApp by 9.6% in the first quarter. US Bancorp DE now owns 16,429 shares of the data storage provider’s stock valued at $1,443,000 after buying an additional 1,440 shares during the period. Blueshift Asset Management LLC acquired a new position in NetApp during the first quarter valued at approximately $377,000. Liberty Wealth Management LLC purchased a new stake in NetApp during the first quarter worth approximately $1,192,000. Finally, Scotia Capital Inc. increased its position in shares of NetApp by 1.1% in the first quarter. Scotia Capital Inc. now owns 49,777 shares of the data storage provider’s stock worth $4,372,000 after acquiring an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Buying and Selling

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $123.67, for a total transaction of $123,670.00. Following the completion of the sale, the executive vice president directly owned 23,628 shares of the company’s stock, valued at $2,922,074.76. The trade was a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurian sold 8,750 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $122.91, for a total value of $1,075,462.50. Following the sale, the chief executive officer owned 274,938 shares of the company’s stock, valued at approximately $33,792,629.58. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,183 shares of company stock valued at $1,483,361. Insiders own 0.28% of the company’s stock.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, January 2nd. NetApp’s payout ratio is presently 36.17%.

About NetApp

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.