Zacks Research Issues Negative Estimate for NetApp Earnings

NetApp, Inc. (NASDAQ:NTAP) – Equities researchers at Zacks Research reduced their Q3 2026 EPS estimates for shares of NetApp in a research report issued on Wednesday, September 17th. Zacks Research analyst Team now expects that the data storage provider will post earnings of $1.64 per share for the quarter, down from their previous forecast of $1.66. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp’s Q4 2026 earnings at $1.79 EPS and FY2026 earnings at $6.15 EPS.

Other equities analysts have also issued research reports about the stock. Morgan Stanley set a $117.00 price target on shares of NetApp in a report on Thursday, August 28th. Wedbush reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of NetApp in a research report on Thursday, August 28th. Citigroup boosted their price objective on shares of NetApp from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Barclays boosted their price objective on shares of NetApp from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company cut their price objective on shares of NetApp from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, May 30th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, NetApp has an average rating of “Hold” and a consensus price target of $124.07.

NetApp Price Performance

Shares of NTAP stock opened at $123.44 on Monday. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.72 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. The firm has a fifty day moving average of $112.16 and a 200-day moving average of $101.19.

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 3rd. NetApp’s dividend payout ratio is currently 36.75%.

Insider Activity

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $123.67, for a total value of $123,670.00. Following the transaction, the executive vice president directly owned 23,628 shares of the company’s stock, valued at $2,922,074.76. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurian sold 8,750 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the completion of the transaction, the chief executive officer directly owned 274,938 shares in the company, valued at approximately $33,792,629.58. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,750 shares of company stock worth $3,255,778. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NTAP. Norges Bank bought a new position in NetApp in the second quarter valued at approximately $281,093,000. Boston Partners increased its stake in NetApp by 108.9% in the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock valued at $313,997,000 after acquiring an additional 1,536,339 shares during the last quarter. Pacer Advisors Inc. increased its stake in NetApp by 4,687.6% in the first quarter. Pacer Advisors Inc. now owns 1,068,694 shares of the data storage provider’s stock valued at $93,874,000 after acquiring an additional 1,046,372 shares during the last quarter. Geode Capital Management LLC increased its stake in NetApp by 16.8% in the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock valued at $756,665,000 after acquiring an additional 1,024,626 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in NetApp by 1,230.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,007,591 shares of the data storage provider’s stock valued at $107,359,000 after acquiring an additional 931,850 shares during the last quarter. 92.17% of the stock is 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.