Zacks Research Brokers Reduce Earnings Estimates for NetApp

NetApp, Inc. (NASDAQ:NTAP) – Analysts at Zacks Research reduced their Q4 2025 EPS estimates for shares of NetApp in a research report issued to clients and investors on Wednesday, March 19th. Zacks Research analyst V. Doshi now forecasts that the data storage provider will post earnings of $1.50 per share for the quarter, down from their previous forecast of $1.54. 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 $1.61 EPS, FY2026 earnings at $5.94 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.73 EPS and FY2027 earnings at $6.81 EPS.

Several other brokerages also recently issued reports on NTAP. Barclays cut their price objective on NetApp from $132.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Morgan Stanley upped their price objective on NetApp from $132.00 to $146.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com cut NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Loop Capital reduced their target price on shares of NetApp from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods upgraded shares of NetApp to an “outperform” rating in a report on Wednesday, February 19th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NetApp currently has a consensus rating of “Hold” and a consensus target price of $129.07.

NetApp Stock Performance

Shares of NTAP opened at $94.39 on Monday. NetApp has a 12-month low of $89.88 and a 12-month high of $135.45. The stock has a market cap of $19.20 billion, a P/E ratio of 17.35, a PEG ratio of 2.45 and a beta of 1.24. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average of $111.60 and a two-hundred day moving average of $117.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NTAP. M&T Bank Corp lifted its position in shares of NetApp by 4.8% during the fourth quarter. M&T Bank Corp now owns 12,794 shares of the data storage provider’s stock worth $1,485,000 after purchasing an additional 581 shares during the last quarter. Versor Investments LP acquired a new stake in NetApp during the fourth quarter valued at approximately $395,000. AMJ Financial Wealth Management lifted its holdings in NetApp by 120.7% during the 4th quarter. AMJ Financial Wealth Management now owns 68,897 shares of the data storage provider’s stock worth $7,998,000 after buying an additional 37,684 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of NetApp by 20.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 42,302 shares of the data storage provider’s stock worth $5,225,000 after acquiring an additional 7,318 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of NetApp by 9.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,346,212 shares of the data storage provider’s stock valued at $156,268,000 after acquiring an additional 113,360 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors.

Insider Transactions at NetApp

In other NetApp news, CFO Michael J. Berry sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $120.74, for a total value of $1,509,250.00. Following the transaction, the chief financial officer now directly owns 123,243 shares of the company’s stock, valued at $14,880,359.82. This represents a 9.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Cesar Cernuda sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $114.99, for a total transaction of $2,529,780.00. Following the sale, the president now directly owns 27,099 shares of the company’s stock, valued at $3,116,114.01. The trade was a 44.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,931 shares of company stock worth $6,252,759. 0.47% of the stock is currently owned by company insiders.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Friday, April 4th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, April 4th. NetApp’s dividend payout ratio is currently 38.52%.

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.