Recent Research Analysts’ Ratings Updates for NetApp (NTAP)

Several analysts have recently updated their ratings and price targets for NetApp (NASDAQ: NTAP):

• 3/4/2025 – NetApp had its price target lowered by analysts at Loop Capital from $150.00 to $130.00. They now have a “buy” rating on the stock.
• 3/3/2025 – NetApp had its price target lowered by analysts at Citigroup Inc. from $135.00 to $110.00. They now have a “neutral” rating on the stock.
• 2/28/2025 – NetApp had its price target lowered by analysts at JPMorgan Chase & Co. from $160.00 to $153.00. They now have an “overweight” rating on the stock.
• 2/28/2025 – NetApp had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $110.00 price target on the stock, down previously from $120.00.
• 2/28/2025 – NetApp was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/28/2025 – NetApp had its price target lowered by analysts at Barclays PLC from $132.00 to $115.00. They now have an “equal weight” rating on the stock.
• 2/28/2025 – NetApp had its price target lowered by analysts at Wells Fargo & Company from $130.00 to $115.00. They now have an “equal weight” rating on the stock.
• 2/28/2025 – NetApp had its price target lowered by analysts at TD Cowen from $160.00 to $130.00. They now have a “buy” rating on the stock.
• 2/20/2025 – NetApp had its price target lowered by analysts at Wells Fargo & Company from $140.00 to $130.00. They now have an “equal weight” rating on the stock.
• 2/19/2025 – NetApp was upgraded by analysts at Keefe, Bruyette & Woods to an “outperform” rating.
• 2/19/2025 – NetApp was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $128.00 price target on the stock, up previously from $121.00.
• 2/19/2025 – NetApp was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/11/2025 – NetApp was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/10/2025 – NetApp was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $130.00 price target on the stock, down previously from $155.00.
• 1/28/2025 – NetApp was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/20/2025 – NetApp was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

NetApp Stock Down 3.2 %

Shares of NetApp stock opened at $91.86 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. NetApp, Inc. has a 12-month low of $91.19 and a 12-month high of $135.45. The company has a market cap of $18.69 billion, a P/E ratio of 16.89, a PEG ratio of 2.45 and a beta of 1.24. The company’s fifty day simple moving average is $117.89 and its two-hundred day simple moving average is $120.89.

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 paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, April 4th. NetApp’s payout ratio is currently 38.52%.

Insiders Place Their Bets

In other news, EVP Elizabeth M. O’callahan sold 451 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $116.79, for a total transaction of $52,672.29. Following the sale, the executive vice president now owns 12,005 shares in the company, valued at approximately $1,402,063.95. The trade was a 3.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Cesar Cernuda sold 22,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $114.99, for a total transaction of $2,529,780.00. Following the completion of the transaction, the president now owns 27,099 shares of the company’s stock, valued at approximately $3,116,114.01. The trade was a 44.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,903 shares of company stock worth $7,260,341 over the last three months. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On NetApp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in NetApp by 25.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 796 shares of the data storage provider’s stock valued at $98,000 after purchasing an additional 164 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of NetApp by 111.0% during the third quarter. Janney Montgomery Scott LLC now owns 12,673 shares of the data storage provider’s stock valued at $1,565,000 after buying an additional 6,666 shares during the last quarter. Van ECK Associates Corp increased its position in shares of NetApp by 10.5% during the third quarter. Van ECK Associates Corp now owns 45,402 shares of the data storage provider’s stock valued at $5,403,000 after acquiring an additional 4,303 shares in the last quarter. Amalgamated Bank raised its holdings in NetApp by 0.8% in the 3rd quarter. Amalgamated Bank now owns 43,413 shares of the data storage provider’s stock worth $5,362,000 after acquiring an additional 340 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in NetApp by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 282,467 shares of the data storage provider’s stock valued at $34,888,000 after acquiring an additional 1,271 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

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.