NetApp, Inc. $NTAP Shares Bought by Erste Asset Management GmbH

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

Several other hedge funds have also modified their holdings of NTAP. Handelsbanken Fonder AB increased its stake in NetApp by 2.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 127,017 shares of the data storage provider’s stock worth $15,046,000 after purchasing an additional 2,517 shares in the last quarter. Andra AP fonden lifted its stake in NetApp by 7.0% during the third quarter. Andra AP fonden now owns 844,664 shares of the data storage provider’s stock valued at $100,059,000 after buying an additional 55,500 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of NetApp by 6.4% in the third quarter. DNB Asset Management AS now owns 41,341 shares of the data storage provider’s stock worth $4,897,000 after buying an additional 2,476 shares during the period. Hohimer Wealth Management LLC increased its position in shares of NetApp by 9.2% in the third quarter. Hohimer Wealth Management LLC now owns 32,656 shares of the data storage provider’s stock worth $3,868,000 after acquiring an additional 2,756 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of NetApp by 2.4% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411,243 shares of the data storage provider’s stock valued at $48,716,000 after acquiring an additional 9,719 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NTAP shares. The Goldman Sachs Group started coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a “buy” rating and a $128.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a research report on Thursday, January 22nd. UBS Group lifted their price target on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of NetApp in a research note on Wednesday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.69.

NetApp News Summary

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?

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total transaction of $103,450.00. Following the transaction, the executive vice president directly owned 20,075 shares of the company’s stock, valued at $2,076,758.75. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

NetApp Trading Down 0.1%

Shares of NASDAQ NTAP opened at $99.03 on Friday. The business has a 50 day simple moving average of $103.14 and a 200 day simple moving average of $111.27. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $126.66. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 3.44 and a beta of 1.38. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.30 and a current ratio of 1.34.

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

NetApp Announces Dividend

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

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.