FY2025 EPS Estimates for NetApp Reduced by Zacks Research

NetApp, Inc. (NASDAQ:NTAP) – Zacks Research reduced their FY2025 earnings per share estimates for NetApp in a note issued to investors on Wednesday, March 19th. Zacks Research analyst V. Doshi now expects that the data storage provider will earn $5.72 per share for the year, down from their previous 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.

Several other research firms also recently commented on NTAP. Wells Fargo & Company decreased 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. Wedbush reaffirmed a “neutral” rating and issued a $110.00 target price (down previously from $120.00) on shares of NetApp in a research report on Friday, February 28th. StockNews.com downgraded NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Susquehanna downgraded NetApp from a “positive” rating to a “neutral” rating and decreased their target price for the company from $155.00 to $130.00 in a research report on Monday, February 10th. Finally, Morgan Stanley upped 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. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $129.07.

NetApp Price Performance

NetApp stock opened at $92.25 on Friday. NetApp has a 12 month low of $89.88 and a 12 month high of $135.45. The stock’s 50 day moving average is $112.44 and its 200-day moving average is $118.07. 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 company has a market capitalization of $18.76 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.45 and a beta of 1.24.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, April 4th. NetApp’s payout ratio is presently 38.52%.

Insiders Place Their Bets

In other news, CEO George Kurian sold 8,500 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $123.03, for a total value of $1,045,755.00. Following the completion of the transaction, the chief executive officer now directly owns 271,282 shares in the company, valued at approximately $33,375,824.46. This represents a 3.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 528 shares of the stock in a transaction 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 owns 12,900 shares of the company’s stock, valued at $1,194,282. The trade was a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,931 shares of company stock worth $6,252,759 over the last three months. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTAP. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in NetApp in the fourth quarter valued at $26,000. Assetmark Inc. increased its holdings in NetApp by 826.9% in the fourth quarter. Assetmark Inc. now owns 241 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 215 shares during the period. Synergy Investment Management LLC acquired a new stake in NetApp in the fourth quarter valued at $32,000. Itau Unibanco Holding S.A. increased its holdings in NetApp by 929.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 278 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 251 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in NetApp in the fourth quarter valued at $35,000. 92.17% of the stock is currently owned by 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.