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

NetApp, Inc. (NASDAQ:NTAP) EVP Elizabeth O’callahan sold 1,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 29,737 shares of the company’s stock, valued at $7,060,158.54. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NetApp Trading Down 3.4%

Shares of NTAP stock opened at $214.70 on Friday. The business’s 50 day moving average is $201.68 and its two-hundred day moving average is $162.98. NetApp, Inc. has a twelve month low of $93.69 and a twelve month high of $240.87. The company has a market capitalization of $42.17 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.46. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30.

NetApp (NASDAQ:NTAP) last released its earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’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 forecast that NetApp, Inc. will post 8.32 EPS for the current year.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, October 9th. NetApp’s dividend payout ratio (DPR) is 29.34%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wedbush boosted their price target on shares of NetApp from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Weiss Ratings raised shares of NetApp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Argus set a $225.00 price objective on shares of NetApp in a research report on Friday, September 11th. Morgan Stanley raised their price objective on shares of NetApp from $173.00 to $191.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Finally, Bank of America lifted their price objective on NetApp from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

Institutional Investors Weigh In On NetApp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC grew its stake in shares of NetApp by 56.9% during the 3rd quarter. Fortitude Family Office LLC now owns 204 shares of the data storage provider’s stock worth $43,000 after purchasing an additional 74 shares during the period. Assetmark Inc. lifted its stake in shares of NetApp by 3.0% in the first quarter. Assetmark Inc. now owns 3,540 shares of the data storage provider’s stock valued at $362,000 after purchasing an additional 104 shares during the period. MRWM Advisors LLC lifted its stake in shares of NetApp by 1.8% in the first quarter. MRWM Advisors LLC now owns 6,794 shares of the data storage provider’s stock valued at $696,000 after purchasing an additional 122 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of NetApp by 2.4% in the first quarter. Frank Rimerman Advisors LLC now owns 5,578 shares of the data storage provider’s stock valued at $571,000 after purchasing an additional 131 shares during the period. Finally, Elevation Wealth Partners LLC boosted its holdings 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 buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp reported record fiscal first-quarter 2027 revenue of roughly $2.03 billion, up nearly 30% year over year, and exceeded earnings expectations. Management also maintained higher fiscal-year guidance, supporting the company’s fundamental outlook.
• Positive Sentiment: The company is deepening its enterprise AI strategy through AI-ready data infrastructure, optimized storage offerings and its planned acquisition of PEAK:AIO. NetApp’s strong cash generation and approximately $1.1 billion net cash position could help fund additional AI investments. NetApp Deepens Its Push Into Enterprise AI Infrastructure
• Neutral Sentiment: Institutional ownership remains high, with investors both adding and reducing positions in recent filings. This mixed activity provides no clear near-term directional signal.
• Negative Sentiment: Barclays downgraded NTAP to Equal Weight from Overweight while retaining a $219 price target. The firm argued that the stock’s substantial rally had made its valuation harder to justify and that enterprise hardware companies have not yet demonstrated a meaningful, broad AI-demand inflection. Dell, HPE and NetApp Slide After Barclays Downgrades
• Negative Sentiment: After its sharp advance toward its 52-week high, NetApp appears vulnerable to profit-taking because its valuation assumes continued AI-related growth. Investors may now want clearer evidence that AI spending is translating into accelerated storage demand. NetApp Stock May Be Fully Priced Despite Fresh AI Storage News
• Negative Sentiment: NetApp insiders have reported only sales—not purchases—in the past six months. EVP Elizabeth O’Callahan most recently sold 1,000 shares for approximately $237,420, a relatively small transaction that nevertheless adds to cautious sentiment. SEC Insider Trading Filing

About NetApp

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.