FY2025 Earnings Forecast for NetApp Issued By Zacks Research

by · The Cerbat Gem

NetApp, Inc. (NASDAQ:NTAP – Free Report) – Zacks Research dropped their FY2025 earnings per share estimates for 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 brokerages have also issued reports on NTAP. Northland Securities lifted their target price on NetApp from $108.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Morgan Stanley lifted their target price on NetApp from $132.00 to $146.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Wells Fargo & Company dropped their target price on NetApp from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus lifted their target price on NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $110.00 price target (down previously from $120.00) on shares of NetApp in a research report on Friday, February 28th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $129.07.

Check Out Our Latest Report on NetApp

NetApp Trading Down 1.5 %

NASDAQ:NTAP opened at $92.10 on Friday. The business’s 50-day simple moving average is $112.92 and its 200-day simple moving average is $118.27. NetApp has a fifty-two week low of $89.88 and a fifty-two week high of $135.45. The stock has a market capitalization of $18.73 billion, a PE ratio of 16.93, 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.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 2.26%. NetApp’s payout ratio is presently 38.52%.

Insiders Place Their Bets

In related news, CEO George Kurian sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $119.04, for a total transaction of $1,011,840.00. Following the sale, the chief executive officer now owns 266,765 shares in the company, valued at $31,755,705.60. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth M. O’callahan sold 528 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $92.58, for a total value of $48,882.24. Following the sale, the executive vice president now owns 12,900 shares in the company, valued at approximately $1,194,282. The trade was a 3.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,931 shares of company stock valued at $6,252,759 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of NetApp in the fourth quarter valued at approximately $26,000. Assetmark Inc. lifted its position in shares of NetApp by 826.9% during 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 during the last quarter. Synergy Investment Management LLC purchased a new position in shares of NetApp during the 4th quarter valued at $32,000. Itau Unibanco Holding S.A. lifted its position in shares of NetApp by 929.6% during 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 during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of NetApp during the 4th quarter valued at $35,000. Institutional investors own 92.17% of the company’s stock.

About NetApp

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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.

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