Brokerages Set NetApp, Inc. (NASDAQ:NTAP) PT at $122.64

Posted by Brenda Bartman on May 27th, 2026

Shares of NetApp, Inc. (NASDAQ:NTAP – Get Free Report) have received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $122.2727.

A number of brokerages have recently weighed in on NTAP. Wall Street Zen downgraded NetApp from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. Weiss Ratings lowered NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. lowered NetApp from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $125.00 to $110.00 in a research report on Thursday, April 16th. Finally, Citigroup lowered NetApp from a “neutral” rating to a “mixed” rating in a research report on Thursday, May 14th.

Get Our Latest Research Report on NetApp

Insider Buying and Selling

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $117.73, for a total transaction of $117,730.00. Following the completion of the transaction, the executive vice president owned 18,382 shares in the company, valued at $2,164,112.86. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lorenzo Daniel De sold 275 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $120.00, for a total value of $33,000.00. Following the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at $130,800. This represents a 20.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,275 shares of company stock valued at $347,650 in the last 90 days. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new position in NetApp during the 3rd quarter worth $27,000. Rossby Financial LCC boosted its position in NetApp by 105.5% during the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 115 shares during the period. Park Square Financial Group LLC boosted its position in NetApp by 68.7% during the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 103 shares during the period. Gen Wealth Partners Inc acquired a new position in NetApp during the 4th quarter worth $30,000. Finally, DV Equities LLC acquired a new position in NetApp during the 4th quarter worth $30,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Price Performance

NTAP stock opened at $138.95 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. NetApp has a 52-week low of $93.69 and a 52-week high of $142.42. The stock’s 50 day moving average is $109.37 and its two-hundred day moving average is $107.07. The company has a market capitalization of $27.42 billion, a PE ratio of 23.24, a P/E/G ratio of 2.54 and a beta of 1.28.

NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the business earned $1.91 EPS. NetApp’s revenue for the quarter was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Analysts predict that NetApp will post 6.48 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd were given a dividend of $0.52 per share. The ex-dividend date was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.5%. NetApp’s payout ratio is currently 34.78%.

About NetApp

(Get Free Report)

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.

Analyst Recommendations for NetApp (NASDAQ:NTAP)

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