Investment Analysts’ Weekly Ratings Changes for NetApp (NTAP)

NetApp (NASDAQ: NTAP) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2026 – NetApp was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 11/10/2026 – NetApp was downgraded by Zacks Research from “strong-buy” to “hold”.
• 10/31/2026 – NetApp was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 10/26/2026 – NetApp is now covered by Guggenheim. They set a “neutral” rating on the stock.
• 10/14/2026 – NetApp was downgraded by Barclays from “overweight” to “equal weight”. They now have a $219.00 price target on the stock.
• 10/8/2026 – NetApp was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 10/7/2026 – NetApp was upgraded by Evercore from “in-line” to “outperform”. They now have a $300.00 price target on the stock.
• 10/7/2026 – NetApp was given a new $300.00 price target by Loop Capital.
• 10/7/2026 – NetApp was upgraded by Cantor Fitzgerald to “overweight”.
• 10/6/2026 – NetApp had its “buy” rating reaffirmed by The Goldman Sachs Group. They now have a $240.00 price target on the stock, up from $210.00.
• 10/6/2026 – NetApp had its price target raised by TD Cowen from $200.00 to $250.00. They now have a “buy” rating on the stock.
• 10/2/2026 – NetApp had its price target raised by Loop Capital from $215.00 to $260.00. They now have a “buy” rating on the stock.
• 9/30/2026 – NetApp had its price target raised by Bank of America from $200.00 to $220.00. They now have a “neutral” rating on the stock.
• 9/16/2026 – NetApp had its price target raised by Daiwa Securities Group from $180.00 to $210.00. They now have an “outperform” rating on the stock.

NetApp Trading Up 1.6%

NTAP traded up $2.96 during trading on Thursday, reaching $186.08. 1,430,345 shares of the company’s stock were exchanged, compared to its average volume of 1,977,188. 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, Inc. has a one year low of $93.69 and a one year high of $240.87. The firm has a fifty day moving average price of $203.90 and a two-hundred day moving average price of $153.57. The stock has a market capitalization of $36.55 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.46. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.84 billion. NetApp had a net margin of 19.18% and a return on equity of 119.13%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, equities research analysts forecast that NetApp, Inc. will post 8.32 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 9th. NetApp’s payout ratio is 29.34%.

Insider Buying and Selling

In other news, Director Deepak Ahuja sold 3,526 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $194.04, for a total value of $684,185.04. Following the sale, the director directly owned 16,264 shares in the company, valued at $3,155,866.56. This represents a 17.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurian sold 50,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $209.95, for a total value of $10,497,500.00. Following the sale, the chief executive officer directly owned 218,537 shares in the company, valued at approximately $45,881,843.15. The trade was a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 172,524 shares of company stock valued at $34,824,306. Company insiders own 0.36% of the company’s stock.

NetApp, Inc. develops data storage and data management technologies for businesses and other organizations. Its offerings support workloads across on-premises infrastructure, public cloud environments and hybrid settings, with services for storing, managing, protecting and moving data. The company’s portfolio includes its ONTAP data management software, all-flash and hybrid-flash storage systems, object storage, and cloud storage and data services. NetApp also provides tools to help customers manage data across different environments and offers infrastructure through its Keystone storage-as-a-service model.