What is Zacks Research’s Forecast for NetApp Q4 Earnings?

NetApp, Inc. (NASDAQ:NTAP) – Research analysts at Zacks Research lowered their Q4 2025 earnings estimates for shares of NetApp in a report released on Wednesday, March 19th. Zacks Research analyst V. Doshi now forecasts that the data storage provider will post earnings per share of $1.50 for the quarter, down from their prior estimate of $1.54. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp’s Q4 2026 earnings at $1.61 EPS, FY2026 earnings at $5.94 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.73 EPS and FY2027 earnings at $6.81 EPS.

Several other equities research analysts also recently issued reports on NTAP. Loop Capital dropped their price target on shares of NetApp from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Wedbush reaffirmed a “neutral” rating and set a $110.00 price target (down previously from $120.00) on shares of NetApp in a research note on Friday, February 28th. StockNews.com downgraded shares of NetApp from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup dropped their price target on shares of NetApp from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, Bank of America raised shares of NetApp from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $121.00 to $128.00 in a research note on Wednesday, February 19th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $129.07.

NetApp Stock Performance

NetApp stock opened at $92.25 on Monday. NetApp has a 12-month low of $89.88 and a 12-month high of $135.45. The company has a market capitalization of $18.76 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. The firm’s fifty day moving average price is $112.44 and its 200 day moving average price is $118.06.

NetApp Dividend Announcement

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

Insider Transactions at NetApp

In related news, President Cesar Cernuda sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $114.99, for a total value of $2,529,780.00. Following the sale, the president now directly owns 27,099 shares in the company, valued at $3,116,114.01. The trade was a 44.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael J. Berry sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the completion of the sale, the chief financial officer now owns 123,243 shares in the company, valued at $14,880,359.82. The trade was a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,931 shares of company stock valued at $6,252,759. Company insiders own 0.47% of the company’s stock.

Institutional Trading of NetApp

A number of hedge funds and other institutional investors have recently made changes to their positions in NTAP. Norges Bank acquired a new stake in shares of NetApp during the fourth quarter valued at approximately $306,440,000. Ameriprise Financial Inc. raised its holdings in shares of NetApp by 14.5% during the fourth quarter. Ameriprise Financial Inc. now owns 7,024,456 shares of the data storage provider’s stock valued at $815,402,000 after acquiring an additional 888,671 shares during the period. Clark Capital Management Group Inc. raised its holdings in shares of NetApp by 5,858.0% during the fourth quarter. Clark Capital Management Group Inc. now owns 895,435 shares of the data storage provider’s stock valued at $103,942,000 after acquiring an additional 880,406 shares during the period. Boston Partners raised its holdings in shares of NetApp by 53.9% during the fourth quarter. Boston Partners now owns 2,083,189 shares of the data storage provider’s stock valued at $241,867,000 after acquiring an additional 729,394 shares during the period. Finally, KBC Group NV raised its holdings in shares of NetApp by 276.9% during the fourth quarter. KBC Group NV now owns 891,033 shares of the data storage provider’s stock valued at $103,431,000 after acquiring an additional 654,626 shares during the period. 92.17% of the stock is currently owned by institutional investors.

About NetApp

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.