NetApp, Inc. $NTAP Holdings Boosted by Erste Asset Management GmbH

Erste Asset Management GmbH raised its stake in NetApp, Inc. (NASDAQ:NTAP) by 31.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,913 shares of the data storage provider’s stock after acquiring an additional 20,144 shares during the period. Erste Asset Management GmbH’s holdings in NetApp were worth $10,138,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NTAP. Norges Bank acquired a new position in NetApp during the 2nd quarter valued at approximately $281,093,000. Boston Partners increased its position in NetApp by 108.9% in the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock worth $313,997,000 after buying an additional 1,536,339 shares during the period. Geode Capital Management LLC lifted 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 buying an additional 1,024,626 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of NetApp by 103.6% during the third quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider’s stock valued at $211,226,000 after acquiring an additional 907,233 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of NetApp by 83.0% in the 2nd quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider’s stock worth $164,568,000 after acquiring an additional 700,467 shares during the period. 92.17% of the stock is owned by institutional investors.

NetApp Stock Performance

NTAP opened at $99.03 on Friday. The business has a 50 day moving average price of $103.14 and a two-hundred day moving average price of $111.27. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 3.44 and a beta of 1.38. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $126.66.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. NetApp had a return on equity of 122.76% and a net margin of 18.07%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Research analysts predict that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp’s dividend payout ratio is presently 36.17%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NTAP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NetApp in a research note on Thursday, January 22nd. Oppenheimer reiterated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of NetApp in a research report on Wednesday. Bank of America lifted their target price on NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Barclays increased 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.69.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the transaction, the executive vice president owned 20,075 shares of the company’s stock, valued at $2,076,758.75. The trade was a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Q3 earnings beat and healthy top‑line: NetApp reported $2.12 EPS vs. $2.07 expected and $1.71B revenue (vs. $1.70B est.), with revenue up ~4.4% year/year — headlines credit AI‑ready infrastructure and strong all‑flash demand for the upside. NetApp Q3 Earnings Beat on Healthy Top-Line Growth
• Positive Sentiment: Raised guidance: Management bumped FY‑2026 EPS guidance to $7.92–8.02 (well above street) and Q4 EPS to $2.21–2.31, signaling confidence in AI and cloud momentum — a primary driver of upbeat market reactions. NetApp surges on earnings beat and raised guidance
• Positive Sentiment: Dividend boost: NetApp declared a $0.52 quarterly dividend (annualized yield ~2.1%), with record/ex‑dividend dates set — supports the income case and signals capital‑allocation discipline.
• Neutral Sentiment: Forward revenue target: Management outlined an ~8% Q4 revenue growth target and highlighted accelerating AI/cloud subscription demand — positive if achieved, but forward guidance carries execution risk. NetApp outlines 8% Q4 revenue growth target
• Neutral Sentiment: Call details and metrics: Conference call, slide deck and transcripts provide detail on margin drivers, product mix (all‑flash, AI infra, cloud subs) and customer traction — useful for modeling but not an immediate directional catalyst. NetApp Q3 2026 Earnings Call Highlights Q3 Earnings Call Transcript
• Negative Sentiment: Strategic/valuation questions: Analysts and pieces are probing whether NetApp’s push toward AI‑focused cloud subscriptions materially changes its margin profile and valuation — that uncertainty may cap near‑term multiple expansion despite the beat. Is NetApp’s Shift Toward AI-Focused Cloud Subscriptions Altering The Investment Case?

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.