NetApp, Inc. (NASDAQ:NTAP) Receives $169.33 Consensus Price Target from Brokerages

19 Jun 2026, 08:26 by Tristan Rich · The Markets Daily

Shares of NetApp, Inc. (NASDAQ:NTAP – Get Free Report) have earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $169.3333.

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of NetApp from a “hold” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Barclays increased their price objective on shares of NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Argus raised their target price on shares of NetApp from $130.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wedbush lifted their target price on NetApp from $115.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Susquehanna increased their price target on NetApp from $110.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th.

View Our Latest Analysis on NetApp

NetApp Stock Up 3.2%

Shares of NetApp stock opened at $159.71 on Friday. NetApp has a twelve month low of $93.69 and a twelve month high of $192.83. The stock has a market cap of $31.29 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average price of $130.56 and a 200 day moving average price of $113.67.

NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $1.93 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. 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 forecast that NetApp will post 7.16 earnings per share for the current fiscal year.

NetApp Announces Dividend

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

Insider Activity

In other NetApp news, CAO Lorenzo Daniel De sold 225 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $171.09, for a total value of $38,495.25. Following the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $186,488.10. This represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $163.48, for a total transaction of $163,480.00. Following the sale, the executive vice president directly owned 32,297 shares of the company’s stock, valued at $5,279,913.56. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,500 shares of company stock valued at $448,955 in the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On NetApp

A number of large investors have recently made changes to their positions in NTAP. Geneos Wealth Management Inc. lifted its stake in NetApp by 38.3% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock valued at $67,000 after acquiring an additional 210 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of NetApp during the 2nd quarter worth $315,000. Cerity Partners LLC raised its holdings in shares of NetApp by 9.9% during the 2nd quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider’s stock valued at $4,986,000 after purchasing an additional 4,232 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of NetApp by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider’s stock valued at $2,589,000 after purchasing an additional 1,662 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of NetApp by 12.7% in the 2nd quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider’s stock valued at $2,148,000 after purchasing an additional 2,277 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

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.