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

NetApp, Inc. (NASDAQ:NTAP) EVP Elizabeth O’callahan sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $105.49, for a total value of $105,490.00. Following the sale, the executive vice president owned 21,075 shares of the company’s stock, valued at $2,223,201.75. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NetApp Trading Up 0.4%

Shares of NASDAQ:NTAP opened at $107.67 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $127.78. The firm has a fifty day moving average of $110.50 and a two-hundred day moving average of $112.40. The firm has a market capitalization of $21.33 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business earned $1.87 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. On average, equities analysts expect that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a $0.52 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. NetApp’s dividend payout ratio (DPR) is currently 36.17%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America boosted their price target on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. UBS Group increased their price target on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Barclays lifted their price objective on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. The Goldman Sachs Group began coverage on NetApp in a report on Tuesday. They issued a “buy” rating and a $128.00 target price for the company. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NetApp presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in shares of NetApp by 38.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock valued at $67,000 after purchasing an additional 210 shares during the last quarter. Parallel Advisors LLC boosted its stake in NetApp by 81.1% in the 2nd quarter. Parallel Advisors LLC now owns 5,486 shares of the data storage provider’s stock worth $585,000 after purchasing an additional 2,457 shares during the period. NBC Securities Inc. raised its position in NetApp by 5.1% in the 2nd quarter. NBC Securities Inc. now owns 9,134 shares of the data storage provider’s stock valued at $973,000 after buying an additional 446 shares during the last quarter. Range Financial Group LLC increased its position in shares of NetApp by 9.7% in the second quarter. Range Financial Group LLC now owns 4,704 shares of the data storage provider’s stock valued at $501,000 after acquiring an additional 414 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in NetApp by 11.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,083 shares of the data storage provider’s stock worth $115,000 after buying an additional 107 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

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.