Zacks Research Comments on NetApp, Inc.’s Q2 2025 Earnings (NASDAQ:NTAP)

NetApp, Inc. (NASDAQ:NTAP) – Research analysts at Zacks Research raised their Q2 2025 earnings estimates for shares of NetApp in a note issued to investors on Wednesday, September 18th. Zacks Research analyst V. Doshi now expects that the data storage provider will post earnings per share of $1.41 for the quarter, up from their prior estimate of $1.33. The consensus estimate for NetApp’s current full-year earnings is $5.74 per share. Zacks Research also issued estimates for NetApp’s FY2025 earnings at $5.54 EPS, Q1 2026 earnings at $1.31 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.51 EPS, Q4 2026 earnings at $1.58 EPS, FY2026 earnings at $5.88 EPS, Q1 2027 earnings at $1.55 EPS and FY2027 earnings at $6.80 EPS.

NTAP has been the subject of a number of other reports. Citigroup lifted their price target on shares of NetApp from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Argus boosted their target price on NetApp from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. TD Cowen upped their target price on NetApp from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Stifel Nicolaus raised their price target on NetApp from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on NetApp from $146.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.06.

NetApp Stock Up 1.8 %

NASDAQ NTAP opened at $122.22 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.34. NetApp has a 52 week low of $70.82 and a 52 week high of $135.01. The firm has a market capitalization of $25.15 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 4.31 and a beta of 1.23. The company has a fifty day moving average of $123.74 and a two-hundred day moving average of $116.74.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, August 28th. The data storage provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. NetApp had a return on equity of 121.41% and a net margin of 17.01%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Friday, October 4th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, October 4th. NetApp’s payout ratio is currently 44.83%.

NetApp announced that its Board of Directors has approved a share buyback program on Thursday, May 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the data storage provider to reacquire up to 4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 452 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $133.07, for a total transaction of $60,147.64. Following the completion of the sale, the executive vice president now directly owns 11,886 shares of the company’s stock, valued at $1,581,670.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other NetApp news, EVP Elizabeth M. O’callahan sold 452 shares of NetApp stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $133.07, for a total value of $60,147.64. Following the transaction, the executive vice president now directly owns 11,886 shares of the company’s stock, valued at $1,581,670.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Berry sold 7,500 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $127.24, for a total value of $954,300.00. Following the sale, the chief financial officer now owns 193,369 shares of the company’s stock, valued at approximately $24,604,271.56. The disclosure for this sale can be found here. Insiders have sold 38,452 shares of company stock worth $4,970,628 over the last quarter. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On NetApp

Several institutional investors have recently added to or reduced their stakes in NTAP. TD Asset Management Inc raised its position in shares of NetApp by 127.0% in the 4th quarter. TD Asset Management Inc now owns 1,698,277 shares of the data storage provider’s stock valued at $149,720,000 after purchasing an additional 950,204 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of NetApp by 46.1% during the first quarter. Bessemer Group Inc. now owns 16,720 shares of the data storage provider’s stock worth $1,754,000 after buying an additional 5,273 shares during the period. Headlands Technologies LLC purchased a new stake in shares of NetApp during the first quarter valued at $473,000. Alpha DNA Investment Management LLC acquired a new position in shares of NetApp in the 4th quarter valued at $802,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of NetApp by 189.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 263,103 shares of the data storage provider’s stock valued at $23,195,000 after acquiring an additional 172,132 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

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.