Northland Capmk Issues Positive Forecast for NetApp Earnings

NetApp, Inc. (NASDAQ:NTAP) – Equities research analysts at Northland Capmk increased their Q1 2027 EPS estimates for shares of NetApp in a report issued on Wednesday, November 26th. Northland Capmk analyst N. Chokshi now forecasts that the data storage provider will post earnings of $1.63 per share for the quarter, up from their prior forecast of $1.58. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Northland Capmk also issued estimates for NetApp’s Q2 2027 earnings at $1.88 EPS.

NTAP has been the subject of several other research reports. Barclays lifted their price target on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. UBS Group boosted their target price on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Argus reaffirmed a “buy” rating and issued a $130.00 target price on shares of NetApp in a research note on Friday, August 29th. Citigroup decreased their price target on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Oppenheimer restated a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.07.

NetApp Stock Up 3.2%

NTAP opened at $115.83 on Monday. The stock has a market cap of $22.94 billion, a PE ratio of 20.46, a P/E/G ratio of 2.48 and a beta of 1.46. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 2.55. NetApp has a 52 week low of $71.84 and a 52 week high of $131.30. The business’s fifty day simple moving average is $115.10 and its 200 day simple moving average is $110.59.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company posted $1.87 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be issued a $0.52 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.08 annualized dividend and a yield of 1.8%. NetApp’s dividend payout ratio (DPR) is 36.17%.

Insider Transactions at NetApp

In related news, CEO George Kurian sold 8,750 shares of the firm’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 completion of the sale, the chief executive officer owned 274,938 shares of the company’s stock, valued at $33,792,629.58. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lorenzo Daniel De sold 327 shares of NetApp stock in a transaction on Monday, November 17th. The shares were sold at an average price of $107.48, for a total transaction of $35,145.96. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,183 shares of company stock worth $1,483,361. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NTAP. Vanguard Group Inc. increased its stake in shares of NetApp by 2.5% during the second quarter. Vanguard Group Inc. now owns 27,728,118 shares of the data storage provider’s stock valued at $2,954,431,000 after purchasing an additional 686,188 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NetApp by 16.8% in the 2nd quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after buying an additional 1,024,626 shares during the last quarter. Ameriprise Financial Inc. increased its position in NetApp by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 7,096,679 shares of the data storage provider’s stock valued at $623,383,000 after buying an additional 72,223 shares in the last quarter. Wellington Management Group LLP raised its stake in NetApp by 17.1% during the third quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider’s stock valued at $582,296,000 after buying an additional 718,409 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NetApp by 18.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,546,548 shares of the data storage provider’s stock worth $311,529,000 after acquiring an additional 560,218 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

NetApp Company Profile

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.