FY2025 EPS Estimates for NetApp Reduced by Zacks Research

NetApp, Inc. (NASDAQ:NTAP) – Stock analysts at Zacks Research decreased their FY2025 earnings per share (EPS) estimates for shares of NetApp in a note issued to investors on Wednesday, March 19th. Zacks Research analyst V. Doshi now anticipates that the data storage provider will post earnings per share of $5.72 for the year, down from their prior estimate of $5.77. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp’s Q1 2026 earnings at $1.29 EPS, Q3 2026 earnings at $1.54 EPS and Q1 2027 earnings at $1.53 EPS.

A number of other analysts also recently weighed in on NTAP. Wells Fargo & Company decreased their price target on NetApp from $130.00 to $115.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Keefe, Bruyette & Woods raised shares of NetApp to an “outperform” rating in a research report on Wednesday, February 19th. Wedbush reaffirmed a “neutral” rating and issued a $110.00 price target (down previously from $120.00) on shares of NetApp in a research report on Friday, February 28th. Barclays dropped their price target on shares of NetApp from $132.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NetApp from $160.00 to $153.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $129.07.

NetApp Stock Performance

Shares of NetApp stock opened at $92.25 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $112.44 and a two-hundred day moving average price of $118.07. NetApp has a 1-year low of $89.88 and a 1-year high of $135.45. The company has a market cap of $18.76 billion, a P/E ratio of 16.96, a PEG ratio of 2.45 and a beta of 1.24.

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.25%. NetApp’s dividend payout ratio (DPR) is presently 38.52%.

Insider Buying and Selling

In related news, EVP Elizabeth M. O’callahan sold 528 shares of NetApp stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $92.58, for a total value of $48,882.24. Following the completion of the transaction, the executive vice president now directly owns 12,900 shares in the company, valued at approximately $1,194,282. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael J. Berry sold 12,500 shares of NetApp stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the completion of the transaction, the chief financial officer now owns 123,243 shares of the company’s stock, valued at $14,880,359.82. This represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,931 shares of company stock valued at $6,252,759. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NetApp in the 4th quarter valued at approximately $26,000. Assetmark Inc. grew its stake in NetApp by 826.9% in the 4th quarter. Assetmark Inc. now owns 241 shares of the data storage provider’s stock valued at $28,000 after buying an additional 215 shares in the last quarter. Synergy Investment Management LLC purchased a new position in NetApp in the 4th quarter valued at approximately $32,000. Itau Unibanco Holding S.A. grew its stake in NetApp by 929.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 278 shares of the data storage provider’s stock valued at $32,000 after buying an additional 251 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in NetApp in the 4th quarter valued at approximately $35,000. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

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.