NetApp, Inc. (NASDAQ:NTAP) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by Brian Himes on Jul 9th, 2026

Shares of NetApp, Inc. (NASDAQ:NTAP – Get Free Report) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $169.3333.

A number of equities analysts have issued reports on NTAP shares. Northland Securities lifted their target price on shares of NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Barclays upped their target price on shares of NetApp from $120.00 to $199.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Morgan Stanley raised their price target on shares of NetApp from $88.00 to $137.00 and gave the stock an “underweight” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on shares of NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Bank of America upped their price objective on shares of NetApp from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th.

Read Our Latest Research Report on NetApp

Insiders Place Their Bets

In other news, President Cesar Cernuda sold 49,464 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $154.82, for a total transaction of $7,658,016.48. Following the sale, the president owned 46,806 shares in the company, valued at $7,246,504.92. This trade represents a 51.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lorenzo Daniel De sold 275 shares of NetApp stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at approximately $130,800. This represents a 20.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,964 shares of company stock valued at $8,106,972 in the last quarter. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NetApp

Large investors have recently modified their holdings of the company. State Street Corp raised its holdings in NetApp by 1.1% in the fourth quarter. State Street Corp now owns 10,192,354 shares of the data storage provider’s stock valued at $1,091,499,000 after buying an additional 115,451 shares during the period. Wellington Management Group LLP increased its position in shares of NetApp by 17.1% in the third quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider’s stock worth $582,296,000 after acquiring an additional 718,409 shares in the last quarter. Norges Bank purchased a new position in shares of NetApp in the 4th quarter valued at $458,060,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NetApp by 17.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,127,533 shares of the data storage provider’s stock valued at $442,018,000 after acquiring an additional 611,003 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of NetApp by 127.0% during the 1st quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock valued at $374,549,000 after acquiring an additional 2,046,912 shares in the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

NetApp Stock Down 0.2%

Shares of NASDAQ NTAP opened at $165.40 on Thursday. The stock has a market capitalization of $32.41 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46. NetApp has a 52 week low of $93.69 and a 52 week high of $192.83. The firm has a 50-day moving average price of $145.68 and a 200 day moving average price of $117.85. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 1.84.

NetApp (NASDAQ:NTAP – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Equities research analysts anticipate that NetApp will post 7.16 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Friday, July 10th will be issued a $0.52 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.08 annualized dividend and a yield of 1.3%. NetApp’s payout ratio is 32.70%.

NetApp Company Profile

(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.